Firelight Goes Live With Protection Built Into DeFi Vaults
With onchain yield going mainstream, Firelight enables protection built into the vault, starting with Sentora’s vaults. Firelight, an onchain cover-enablement protocol for DeFi, today announced that its protection is live, starting with Sentora‘s USD Protected Vault and Protected RWA Vaults. Until now, the most common practice has been for each depositor to research and buy
Our Summary:Firelight, a decentralized protection layer for digital assets, has launched its protection protocol on Sentora's USD Protected Vault and Protected RWA Vaults, providing a transparent and scalable layer of protection for DeFi users. This move aims to address the lack of protection in DeFi vaults, which has led to significant losses in recent times. Firelight's protocol enables protection against defined technical and economic events, such as oracle manipulation and lending exploits, and is backed by independent firms and stakers. With this launch, Firelight aims to revolutionize the DeFi landscape and bring about a new era of growth and adoption.