#Xrp🔥🔥
XAO DAO has approved deploying 80% of its XRP treasury to the Firelight DeFi protocol to provide yield and fund protection services for the XRP ecosystem.
Proposal 66 was approved, authorizing four-fifths of XAO DAO’s XRP reserve to be allocated to Firelight, a multichain insurance and yield strategy linked through Flare smart accounts.
The plan aims to generate returns and fund DeFi insurance, while concentrating treasury risk exposure in a single protocol and a single cross-chain setup.
The next key signals are actual on-chain transfers, initial yield and risk metrics, and whether governance later diversifies or adjusts the allocation.
Be cautious
This information is not a recommendation about what you should do, so please do not take it into consideration when investing. As always, it’s best to do your research before diving in.
XAO DAO has approved deploying 80% of its XRP treasury to the Firelight DeFi protocol to provide yield and fund protection services for the XRP ecosystem.
Proposal 66 was approved, authorizing four-fifths of XAO DAO’s XRP reserve to be allocated to Firelight, a multichain insurance and yield strategy linked through Flare smart accounts.
The plan aims to generate returns and fund DeFi insurance, while concentrating treasury risk exposure in a single protocol and a single cross-chain setup.
The next key signals are actual on-chain transfers, initial yield and risk metrics, and whether governance later diversifies or adjusts the allocation.
Be cautious
This information is not a recommendation about what you should do, so please do not take it into consideration when investing. As always, it’s best to do your research before diving in.