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Cork Protocol Profile picture
Cork Protocol
@Corkprotocol
The tokenized risk protocol. Hedge, trade, and earn on the risk that stablecoins, LSTs, & LRTs lose their peg. Accelerated by @a16zcrypto CSX and @OrangeDAOxyz
Mar 4 • 9 tweets • 3 min read
🍾 Cork has launched its beta on Ethereum Mainnet!

We’re introducing a new DeFi primitive that tokenizes the risk of depeg events.

With our key launch partners @lidofinance, @ether_fi, @ethena_labs, and @skyecosystem, Cork is initiating a new phase of DeFi defined by more opportunity, protection, and stability.

Tokenized risk for DeFi is here 🧵 Risk is inherent in crypto. As DeFi matures, it deserves more nuanced risk management instruments.

Pegged and correlated assets—such as stablecoins, liquid (re)staking tokens, and RWAs—are particularly in need of comprehensive risk management.

Collectively, these assets represent over $300 billion in onchain credit.Image