Why We Built Firelight: DeFi’s Missing Layer Announcing Firelight’s $8 million seed round. Today, we are announcing that Firelight has raised an $8 million seed round led by Gumi Cryptos Capital …
- Firelight has raised an $8 million seed round to build a decentralized cover protocol that protects on-chain capital against protocol, smart contract, and economic risk, addressing a critical gap in DeFi's growth.
- The protocol aims to solve three key failures in DeFi cover: reflexive collateral, absence of a pricing engine, and claims as a trust exercise, by using exogenous capital, a quantitative risk engine, and independent claims assessment.
- Firelight positions itself as middleware for DeFi, enabling protocols, vaults, and platforms to integrate coverage, and aims to set a precedent for risk transfer infrastructure in future tokenized markets.
Topics: Integration with defi, Risk default, Infrastructure providers, Rwa collateral lending, Smart contract vulnerabilities, Tokenization platforms
Tags: #firelight #defi #risktransfer #smartcontractrisk #insurance #exogenouscapital #protocolrisk #claims #defiriskconsortium #tokenizedassets
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