The Catch the Caps campaign keeps rolling! With the Sniper Cap already claimed by the fastest depositors in the first deposit period, the campaign has moved into its next phase: the Igniter Cap.

Seed round led by Gumi Cryptos Capital will accelerate development of decentralized protection against protocol and smart contract risk

Firelight Protocol

Firelight Protocol Phase 2 moves the protocol from liquidity bootstrapping into the full live protocol. Phase 1 built the base of staked capital. Phase 2 activates three changes at once: capital migrates automatically into active positions, streamed emissions and slashing exposure go live, and the unstaking window extends to align with cover periods. Together, these changes turn staked FXRP into the backing capital for the cover DeFi vaults, with the first launch partners to be announced soon.

Early Contribution Rewards arrive alongside the full Firelight launch

The Firelight Risk Consortium brings an entirely new approach to how DeFi addresses risk events and claim validation. Its success depends on bringing together strong expertise across risk management areas. While threat detection platforms identify incidents and exploits, insurance underwriters and brokers understand how these exploits translate into coverage and whether a loss qualifies under those terms. That's where Native's participation is essential.

Hypernative's role within the Firelight Risk Consortium is an integral one, bringing industry-leading threat intelligence and security monitoring capabilities to help deliver transparent, objective, and technically rigorous claims assessments.

Firelight launches risk consortium with GFX Labs, Hypernative, Credora, Native, and Cyfrin to provide a transparent neutral review process for onchain cover events.

DeFi has solved for capital formation, liquidity access, and permissionless execution. Protection remains unsolved.