CoinDesk reported that DeFi protocol Firelight has raised an $8 million investment. The investment was led by Gumi Cryptos Capital, with participation from Maven 11, Metalayer, Joint Effects, and Tribe Capital. The specific use of the investment funds has not been disclosed. Meanwhile, Firelight plans to launch its protocol and first DeFi service in September. It is also pursuing plans to expand its collateral assets, currently centered on XRP, to include Bitcoin (BTC) and Stellar (XLM).
