Firelight brings onchain loss protection to Kraken's DeFi Earn product
- —Coverage includes smart contract exploits, oracle failures and redemption failures
- —Compensation is capped at $100,000 per address per 30-day protection period
- —Terms and limits are recorded onchain and refreshed every 30 days
- —Claims are verified by ZeroShadow and a five-firm risk consortium
Why it matters: Major exchanges embedding onchain protection into DeFi products lowers the barrier for institutional and retail participation.
Source: Blockmedia