Which platform launched stXRP on Flare?

TLDR

Firelight launched stXRP on the Flare network.

1. stXRP is minted when users convert XRP to FXRP on Flare and receive a liquid ERC?20 token in return, as outlined in a press briefings page on Yahoo Finance about Firelights launch.
2. The rollout was covered as the first decentralized XRP staking platform on Flare, with stXRP usable across Flare DeFi for trading and collateral per a TokenPost report on Firelights launch.

Deep Dive

1. Who Launched It

Firelight is the platform behind stXRP on Flare.

• Coverage describes Firelight as the first decentralized XRP staking solution on Flare, reaching an initial deposit cap quickly and positioning stXRP as a core DeFi asset on the network, according to a TokenPost report on Firelights launch.

2. How stXRP Works

stXRP is a liquid staking token created from XRP via Flares FXRP mechanism, designed for use across Flare DeFi.

1. Users deposit XRP, mint FXRP on Flare, and receive stXRP (an ERC?20) that can be traded, used as collateral, or placed in liquidity pools, per Yahoo Finances launch coverage.
2. Media summaries highlight that stXRP extends XRPs utility on Flare for swaps, lending, and liquidity, with additional context from CryptoPotato on the protocols two?phase rollout and intended DeFi integrations in the debut article.

Conclusion

Firelight launched stXRP on Flare, using FXRP to bring XRP into a liquid staking format that can plug into Flares DeFi stack. The move expands XRPs on?chain utility on Flare and sets a base for broader integrations that could deepen XRP?linked activity across the network.