Cork Protocol
@Corkprotocol
Programmable risk layer for onchain assets such as vault tokens, yield-bearing stablecoins, LSTs and RWAs. Accelerated by @a16zcrypto CSX and @OrangeDAOxyz
After months of intense work, the Cork team is ready to reveal what’s next. Cork Phoenix marks a new chapter, the litepaper gives a first look at the future we’re creating. The programmable risk layer for onchain finance.
One week Multiple pegs broken Cork season activated $XUSD · $USDX · $deUSD · $USST
USDX, a $680m stablecoin by @stableslabs is undergoing a major depeg ⚠️ Let’s break down what is happening and the cascading ecosystem impact What is USDX? Stableslabs describes USDX as “ A delta-neutral synthetic stablecoin that offers: Delta-neutral stability with 100%…
The product vision for @Corkprotocol is going to become so obvious over the next few weeks as we watch the contagion from poorly constructed defi vaults move through the ecosystem. Risk is being taken everywhere and it needs to be priced and productized. Serious team.
who is building this??? “a market place for insuring yield products, where people can offload vault risk for a fee. LPs can look at these rates and assess if the APY is worth it… the best metric to predict default/insolvency risk” (spoiler: yes, @Corkprotocol is building this)
Any open market place for yield products will face an adverse selection problem. LPs can't easily judge vault risk, but they can judge APY. In a race to the bottom, vaults will cut corners to offer the highest yields while obscuring underlying risk. But there's a simple…
Risk never leaves, it just gets repriced
Hoping risk stays top of mind for a while. Expecting you forget about it by next week.
xUSD is undergoing a major depeg and default event following a $93m hole in their balance sheet resulting in $280m of leverage unwinding. Let’s break down what is happening: What is xUSD and Stream Finance Stream Finance operates numerous vaults, which effectively are managed…
Yield gets the headlines, but risk engineering is what makes it last. A must-watch.
After months of intense work, the Cork team is ready to reveal what’s next. Cork Phoenix marks a new chapter, the litepaper gives a first look at the future we’re creating. The programmable risk layer for onchain finance.
Risk management is the backbone of financial management
After months of intense work, the Cork team is ready to reveal what’s next. Cork Phoenix marks a new chapter, the litepaper gives a first look at the future we’re creating. The programmable risk layer for onchain finance.
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