$PLS
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
Locking capital until the cover period ends is a standard rule in DeFi insurance protocols. Yet, Firelight is currently the only live protocol that turns staked FXRP into underwriting capital for onchain cover while also giving stakers a liquid token (stXRP).
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AI visual note: The image illustrates Firelight's two-scenario timeline for staked FXRP (stXRP), showing how stakers can unstake on either Day 10 or Day 29 within Cover Period 0 (Day 0-30), with backing coverage and reconciliation windows extending until Day 60 when stXRP becomes withdrawable. This visual supports the post's claim that Firelight uniquely provides both onchain cover underwriting and liquid stXRP tokens to stakers.