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XAO DAO's XRP Treasury Set for Firelight Deployment
XAO DAO, a cryptocurrency DAO, announced the approval of a proposal allowing the deployment of 80% of its XRP treasury into Firelight, a decentralized insurance and yield generation protocol. This initiative is the first instance of a DAO using treasury funds in a multichain DeFi strategy that combines insurance with yield, facilitated by Flare Smart Accounts. The DAO is also implementing governance changes to enhance community participation, including proposal management updates and wallet delegation.