Institutional-Grade Staking for XRP — Join the Waitlist for Exclusive Early Adopter Rewards

We’re excited to unveil the first details of Firelight Protocol, including the launch of our waitlist. Early registrants will gain early access and exclusive benefits as we roll out the first institutional-grade staking platform purpose-built for XRP, Ripple’s native token.

The creation of the Firelight Protocol is motivated by a clear gap in the market: the absence of institutional-grade on-chain protocol rewards for XRP. Designed to address this need, Firelight Protocol enables XRP holders to unlock significant value and utility from idle XRP while earning ecosystem rewards and retaining custodial control of their underlying assets. This approach ensures optimal capital efficiency for users.

Firelight’s staking mechanism enables XRP holders to convert their XRP into productive collateral through stXRP, a liquid staking token (LST) while simultaneously maintaining custody of the underlying asset. In doing so, stakers are simultaneously enhancing asset utility through delegation to services built on the Firelight ecosystem — thereby ensuring that staked FXRP isn’t idle but is actively deployed, contributing to the economic security of services.

The Protocol is being developed at a key moment in the XRP and DeFi landscape; driven by renewed momentum in the XRP ecosystem, key technological advancements on the Flare Network, and growing regulatory clarity.

Join the Waitlist: Secure Early Access

Today, we’re opening our exclusive waitlist for Firelight Protocol. The first 3,000 users to join will receive key insights on the protocol’s roadmap, along with a special multiplier on their Firelight Points, amplifying their staking rewards. This is a foundational 1.1x boost on all points earned and the boost will be reflected on your live dashboard, once the project launches.

But that’s not all. We are rewarding our earliest adopters through our exclusive Discord community. Joining the waitlist secures your status as an early supporter, which grants you the prestigious role of Flame Bearer — unlocking inner-circle access to an exclusive alpha-lab channel.

This early access program is designed for users to have early access to the project, becoming the first in the market to (re) stake their XRP to earn yield whilst contributing to the economic security of DeFi services.

Getting Started with Firelight

While the XRP Ledger doesn’t natively offer protocol reward generation for XRP, Firelight enables this with Flare’s FAssets. The process begins when XRP is locked up on its native chain, and a corresponding amount is minted as FXRP on Flare. The Flare Data Connector (FDC) verifies the deposit before the FAssets system mints FXRP on Flare on a 1:1 basis, ensuring complete transparency and security.

Bridge your XRP to Flare through the trust-minimized FAssets Portal, a trustless bridging system to mint FXRP, a wrapped XRP-pegged asset on the Flare blockchain. Staked assets will begin earning rewards immediately, and holders can use stXRP throughout the DeFi ecosystem while their principal continues generating returns.

Staged Rollout — Launch Vault to Multi-Vault Deployment

The initial launch features a single Launch Vault managed by Firelight, accepting only FXRP deposits. Users will receive stXRP at a 1:1 exchange rate to FXRP deposits. Additionally, stakers will earn Firelight Points that offer additional benefits within the wider DeFi ecosystem.

This initial launch does not include all features of the protocol. Over the months following the initial launch, development efforts will be focused on the deployment of multiple vaults, more protocol features and more DeFi opportunities for Firelight users. These developments will enable staked collateral to be delegated to operators who provide security to ESS (Economically Secured Services), and stakers will earn fees from ESSes in exchange for providing this security. This creates multiple revenue streams from a single staking position, with the potential for multiple vaults, each with its own liquid staking token and selection of ESSes it secures.

This vault structure allows stakers to choose their risk profile, as slashing risks are isolated to each vault depending on the ESSes they secure, creating a flexible system that accommodates different risk tolerances while maximizing earning potential.