GNW · 2026-11-05 22:24 UTC

Lido Earn's Vaults Add Onchain Cover From Firelight

Firelight announced that onchain cover will go live on Lido Earn, adding vault-level protection against predefined protocol failures such as smart contract exploits and oracle failures. Lido Earn holds around $259 million in cryptoassets across two vaults, EarnETH (about $198 million) and EarnUSD (about $50 million). Lido Earn already has a first-loss mechanism funded by the Lido DAO; Firelight adds an independent layer, with exploits validated by an independent panel.

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