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
🍾 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…
stETH is experiencing a sustained depeg - let's dig into the mechanisms driving it and how the great stETH looping unwind is playing out stETH is a liquid staking token by Lido, which dominates it's category and is considered an exceptionally safe token. So why is it depegging?…
So glad we got to play with @0xMarcB, CEO of @0xPolygon at Match Point EthCC!
Last night, a chain of events unfolded that illustrates a critical DeFi risk vector most overlook: Even the most "liquid" yield-bearing assets like $stETH can carry hidden illiquidity risk. Here's what happened, and what we can do better 👇
The past 2 months reminded us what it truly means to build in public. After addressing the exploit in our post-mortem, we're now focused on stakeholder compensation, relaunching Cork, and designing a safer protocol. More details on the lessons learned and actions taken here:…
Match Point EthCC throwback 🎾 Shoutout to the tennis player with the most bursting energy we've ever seen on court: @jchaskin22 from @ethereumfndn 🔥
Excited to share that we have joined the @Circle Alliance Program, a global community of teams focused on bringing the world on-chain, powered by USDC!
Everybody's paying attention to the growth in stablecoins, but there's been a boom in restaking as well. ...Friendly reminder that liquid staking carries slashing risks. ...Friendly reminder that Cork doesn't just cover stablecoin risks.
Does anybody really understand the second order effects of slashing in restaking protocols? Asking for a friend.