Asset Management

Products

Cork Protocol is the Risk Pricing Protocol. Cork's new DeFi primitive, Depeg Swaps allows investors to hedge and trade the risk of their pegged asset (LST/LRTs, Stablecoins, RWAs.) Our mission is to accelerate onchain credit markets by building out their risk management layer.

At Cork our mission is to accelerate the adoption of onchain credit. We believe the future of credit is onchain. Early variants of onchain credit, such as Liquid Staking Tokens, Restaking Tokens and stablecoins gaining formidable traction. This growth comes in the absence of appropriate risk management infrastructure. There are no way to hedge credit risks and we have seen large spikes of volatility and losses as a result. For this ecosystem to thrive, this layer has to built out, similar to how there is a credit default swap ecosystem for the offchain credit market.

This is why we are building Depeg Swaps, a new primitive that enables you to hedge your pegged asset risk. It works by enabling you to swap a pegged asset 1:1 with a redemption asset (such as swapping steth → eth) through our peg stability module.

Investors

CypherHunter Plus

on Sep 10, 2024, Cork Protocol raised

Investors

CypherHunter Plus