XRP holders could earn new 수익률, but getting out may take up to 60 days
Firelight plans to pay XRP holders for backing De Fi coverage, but withdrawals could take up to 60 days once its coverage system launches.
Firelight is preparing to turn XRP-linked assets into capital that backs protection for De Fi users, offering holders a new source of 수익률 in 거래소 for putting their collateral at risk.
The Flare-based protocol lets holders deposit FXRP, an XRP-linked asset on Flare, into a vault and receive stXRP representing their position. Firelight's next phase would use that deposited FXRP to back coverage sold to De Fi protocols. Customers pay premiums for the protection, and those payments generate income for the holders supplying the collateral.
The trade-off is that getting the collateral back could take much longer. Firelight'swithdrawal rulessay its current one-day periods produce a withdrawal wait of roughly one to two days. Once the protocol introduces 30-day coverage periods, the same process would extend that wait to just over 30 days and, depending on when a holder asks to leave, nearly 60 days.
Rewards also stop when the withdrawal process begins, while an eligible claim tied to the period when the holder's FXRP was backing coverage can still reduce the amount eventually returned.
That is the biggest issue for XRP holders: Firelight can turn otherwise idle XRP-linked assets into income-producing capital, but earning that income means accepting less immediate access to the collateral and the possibility of losing some of it to claims.
Firelight has already attracted substantial XRP-linked capital ahead of that transition. 탈중앙화 금융 Llama displayed $71. 74millionin Firelight total value locked in a Sept. 13 snapshot captured at 12: 07 UTC.
That figure measures FXRP held in the vault, however, not the amount of protection Firelight has sold or the premiums customers have paid. Deposits show how much capital is available to back coverage. They do not show whether the coverage business can generate enough income to make the risk worthwhile for depositors.
Firelight's Sept. 1 funding announcementscheduled the protocol and its first cover integrations for September without naming a launch day. Its withdrawal documentation still describes one-day periods as current, so the available evidence does not establish that coverage or the longer withdrawal setting has activated.
The longer withdrawal period comes from the role Firelight gives depositors' FXRP. Once the coverage system is active, that collateral can be used to support protection sold to De Fi protocols. A holder therefore cannot necessarily remove it the moment they decide to leave because claims may still arise from the period when that money was backing coverage.
Under Firelight's documented process, a holder initiates unstaking during one period and then waits until the end of the following full period before the FXRP becomes available to withdraw.
With one-day periods, that produces the current one-to-two-day window. With 30-day cover periods, the same rule would stretch the wait to just over a month for someone exiting near the end of a period and as much as 60 days for someone requesting an exit near the beginning.
출처: CryptoSlate