Firelight raises $8M to back DeFi hacks with yield

DeFi protection protocol Firelight raised $8 million as it expands beyond XRP, aiming to give fintechs and investors a faster way to recover losses from DeFi exploits. The protocol lets holders of XRP, bitcoin and XLM earn yield by backing that protection. The raise funds an effort to make DeFi risk more manageable for fintech entrants.