Firelight launches phase 2 staking

- Firelight rolled out Phase 2 of its DeFi cover layer so token holders can now stake to provide protocol coverage across multiple risk classes including smart contract, economic, oracle and bridge risks. - Phase 2 explicitly adds staking that backs coverage pools for those four named risk vectors, letting token stakers take on underwriting roles for protocol protection. - Expanding token‑backed coverage markets could shift cover‑liquidity dynamics in DeFi and create new fee/remuneration paths for coverage providers (x.com)