🤯 This is what Everyone's been Waiting for!
Real Yield on your ripple:native! How does that look in practice?
✅Deposit 1 ripple:native, get 1
$stXRP now.
✅Yield is generated, added to the Vault.
✅Redeem your 1 stXRP for XRP, plus the yield.
Watch closely as the ratio marches upwards! 🚀
In Phase 2, stakers on Firelight earn two types of rewards: the native staking yield on stXRP and coverage-related rewards funded by program operator premiums and protocol emissions.
The native staking yield and premium income accrue into the vault, increasing the position's redemption value, while protocol-token emissions are distributed separately.