Firelight Brings Onchain Protection to Kraken Protected Strategies USDC Vault
Article excerpt
Highlighted: the sentence this signal was extracted from
British Virgin Islands, BVI, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Firelight , an onchain cover-enablement protocol for DeFi, today announced its integration with Kraken Protected Strategies USDC on Kraken DeFi Earn, bringing built-in protection to one of the largest onchain earn programmes in the industry. The integration is Firelight's first with a major crypto platform and comes as Kraken Earn passes $800 million in deposits, with USDC accounting for close to half of the capital in curated DeFi vaults across the market. The vault is enabled with cover against defined failures, including smart contract exploits, oracle failures and redemption failures, under terms registered onchain before cover is effectuated. Onchain yield strategies can involve multiple interconnected protocols, introducing risks that extend beyond any individual platform or vault. As these strategies become more sophisticated, additional safeguards are increasingly important. Firelight is designed to address these risks by providing an added layer of protection against defined failure events, with transparent coverage terms and independent validation. Firelight cover enablement is now live on Kraken Protected Strategies USDC (formerly Boosted USDC) on Kraken DeFi Earn, which runs on Veda 's infrastructure and is curated by Sentora across established DeFi venues such as Tydro. Rather than leaving the vault...
Keep reading with a free account
The rest of this article, and every signal for Kraken, is in your free account.