Firelight Launches StXRP Staking Protocol on Flare Network

Firelight has launched a new XRP staking protocol on the Flare network, introducing stXRP, a liquid token designed to power a future onchain insurance economy. This launch marks a significant step forward for XRP’s role in decentralized finance (DeFi). The initial phase focuses on bootstrapping liquidity before rewards are activated in Phase 2, slated for early 2026. Users can bridge their XRP to Flare using the FAssets system and convert it into FXRP, which they can then stake within Firelight. This stXRP behaves like a liquid receipt and is usable across the Flare ecosystem from DEXs to lending markets and liquidity pools.