Firelight's Oct. 6 activation automatically moved existing FXRP stakes into coverage capital, exposing depositors to pooled claims and withdrawals that can take 30 to 60 days. According to NS3.AI, Firelight's current withdrawal rules stop new vault reward accrual when unstaking begins, but claims from the earlier backing period can still reduce pending withdrawals.

Three observed orders settled on Oct. 6 allocated a combined $38 million of cover and charged approximately $56,913.70 in premiums. Firelight's separate 230,000-FXRP early-contributor allocation is a fixed claims budget, not evidence of recurring premium income. The value to existing holders depends on fee income earned in exchange for loss exposure and slower access to capital.