rsFIRO Expands Firo Ecosystem into Cross-Chain DeFi

rsFIRO is the wrapped representation of FIRO, a privacy-focused cryptocurrency built on the Lelantus Spark protocol. Each rsFIRO token is backed 1:1 by native FIRO and can be minted through Rosen Bridge's decentralized watcher and guard system.

This allows FIRO holders to access liquidity, DeFi protocols, and trading pairs on other chains without relying on a centralized exchange. The rsFIRO tokens can also be redeemed back to native FIRO at any time through the Rosen Bridge interface.

The Firo team has been developing privacy-preserving protocols since 2016, including Zerocoin, Sigma, and Lelantus Spark, and rsFIRO extends that ecosystem's reach into cross-chain DeFi. The tokenomics of rsFIRO describe its economic model, including supply, distribution, and utility within the ecosystem.