Firelight moves staked FXRP into coverage phase, withdrawals take 30-60 days
- —Oct. 6 activation moved staked FXRP into coverage without a separate migration
- —Exits take 30-60 days and new vault accrual stops when unstaking begins
- —First settlements: $38M of cover for period 308 and ~$56,914 in premiums
- —Firelight TVL is about $69.7M; buffer wallet held ~1,000,002 USDT0
Why it matters: XRP holders can earn fee-funded yield, but they now carry slashing risk and face up to 60 days to exit.
Source: CryptoSlate