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Firelight Protocol's XRP-linked token lockups are causing a growing queue for withdrawals, with TVL reaching $69.7 million as of October 14.
The Firelight Protocol, activated on October 6, automatically transferred existing FXRP staking to pooled insurance coverage, leading to the locking of XRP-linked tokens and extended withdrawal waiting times. As of October 14, the protocol's Total Value Locked (TVL) was approximately $69.7 million, with its buffer wallet holding about 1 million USDT.
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