Firelight adds $30.5M of cover to Kraken USDC vault

The Flare-based cover protocol now backs Kraken's Protected Strategies USDC vault, with payouts handled by Sentora rather than guaranteed by Kraken Firelight has added $31M of cover to Kraken’s Protected Strategies USDC vault. That gives depositors a backstop if the underlying DeFi plumbing springs a leak. The coverage went live on October 15, 2026. It arrives just nine days after Firelight itself launched. The vault is curated by Sentora, which routes deposits into what it describes as blue-chip DeFi venues. Firelight’s cover sits on top as a second layer of protection.

Also reported by The Defiant.

Source: Crypto Briefing