CoinsAQ summary · neutral
Firelight adds $30.5M of cover to Kraken USDC vault
What happened
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.
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