Flare-backed Firelight and Sentora partner to bring capital-backed protection to institutional DeFi vaults

Sentora and Firelight Protocol have partnered to integrate native, capital-backed protection into Sentora's institutional DeFi vault ecosystem. This collaboration aims to enhance institutional engagement by providing a protection layer against smart contract risks, oracle failures, and bad debt scenarios. Sentora, which manages billions in deployed capital and has integrations with platforms like Kraken and Fireblocks, will utilize Firelight as its underlying cover protocol. According to Sentora CEO Anthony DeMartino, this partnership addresses the growing demand from institutional allocators and retail platforms for an on-chain cover primitive directly embedded within capital deployment flows. Firelight, built on Flare Network, uses FXRP as collateral for its insurance pool, which pays out for covered vault failures. Hugo Philion, co-founder of Flare, highlighted that this partnership exemplifies Flare's goal of building institutional-grade infrastructure that leverages XRP for DeFi at scale.

(Source：Crypto Briefing)