Risk, Uncorked.
Research, post-mortems, and protocol updates on tokenized risk — depeg swaps, liquidity buffers, duration, and the primitives reshaping onchain finance.

Case Study: Vault Bridge Tapped Cork to Pioneer Productive Approach to Liquidity Reserves
Learn how Cork's external liquidity buffer replaced a $5M idle cash reserve and unlocked yield under stress-tests
Looping Across DeFi: LSTs, Stablecoins, Yield VaultTokens, and RWAs
Looping strategies have met roadblocks in their expansion across DeFi. Now they can keep scaling with new risk primitives.
What Is a Liquidity Buffer? Understanding DeFi's Missing Primitive
Liquidity buffers are key to welcoming new asset classes like RWAs to DeFi. Learn about the latest solutions.
How RWAs Are Used in DeFi Today
Real World Assets are reshaping DeFi. Short-duration RWAs integrate easily, but liquidity risk stalls long-duration assets. Discover Cork's solution to unlock their potential.
Assessing Liquidity Risk in DeFi
Liquidity risk is the new frontier for DeFi scalability. Learn how it can be measured, priced, and managed at scale.
Cork Pilots: Protected Loops on Avantgarde
Cork and Avantgarde will launch Protected Loops, transforming RWA liquidity and bringing structured, underwritten risk primitives to onchain vaults.
Cork Phoenix is Live on Ethereum Mainnet
Cork Phoenix launches programmable risk infrastructure for RWAs, vaults, and yield-bearing stablecoins.
Cork Raises $5.5M to Build the Future of Risk: Tokenized Risk Infrastructure for Onchain Finance
Cork raises $5.5M to bring tokenized risk markets to stablecoins, vaults, and RWAs—starting with Cork Phoenix.
Introducing Enscribe-powered ENS Naming Across All Cork Contracts
Enscribe-powered ENS naming makes every Cork contract human-readable and verifiable: reducing spoofing risk, audit friction, and integration mistakes.
Existing Challenges for Scaling Onchain Vaults
A look at the 3 main bottlenecks that are in the way of greater onchain vault adoption beyond DeFi users and what can be done about them.
Cork Security Framework: pioneering a new security posture for DeFi protocols
Cork is pioneering a full-stack, holistic security approach with Certora as Security Partner of Record
Introducing Protected Loops
Protected Loops: safe RWA looping with instant exit liquidity and atomic liquidations via Cork Pools.
Cork x Agglayer | Instant Withdrawal Liquidity
Cork integrates into Agglayer's Vault Bridge, providing instant liquidity buffers.
Measuring “Time to Cash” in Maple Vaults
Measuring “time to cash” across three Maple vaults: syrupUSDC, MPLhysUSDC, and syrupUSDT
Cork x Certora x Hypernative: A New Approach to Security for Tokenized Risk Infrastructure
Cork's partnership with Certora and Hypernative introduces a new continuous full-stack approach to security.
How Onchain Vaults Reimagine Traditional Financial Instruments
Explore how onchain vaults mirror mutual funds, MMFs, and hedge funds while unlocking composability, transparency, and programmable yield in DeFi
Where is DeFi Today?
The State of DeFi 2025: Stablecoins, Staking and Institutional Flows | Cork Protocol
Inside the Onchain Vault Ecosystem: Asset Issuers, Protocols, and Risk Curators
From Morpho to Euler to Etherfi, see how vaults are transforming DeFi into programmable, risk-managed infrastructure across chains.
Is the Ethereum validator exit queue a ticking time-bomb in plain sight?
Ethereum's validator exit queue is surging, raising duration risk for LSTs/LRTs and DeFi lending. Learn the mechanics, peg arbitrage, and unwind loops.
Demystifying Onchain Vaults and the ERC-4626 Token Standard
How ERC-4626 transforms onchain vaults, unlocking scalable yield strategies and institutional adoption.
Why is Everyone Launching DAT Companies?
DATs use NAV arbitrage to boost crypto yield per share. This post explains the mechanics, risks, and why they've attracted $80B+ in assets.
Duration Risk in DeFi: The Hidden Threat Behind Looping Unwinds and RWA Scaling Challenges
Learn how duration risk disrupts looping trades, limits RWA adoption, and the solutions shaping the next growth wave.
The Evolution of Onchain Vaults: From Aggregators to Curated Yield Infrastructure
The Timeline for Onchain Vaults (2020-2025) | Cork Protocol
Post-Incident: Lessons Learned and Actions Taken
After taking the immediate steps needed to react to the exploit, the team has been looking inward and planning ahead.
Ethereum: The Internet Debt Machine
Ethereum is evolving into the Internet Debt Machine—transforming onchain credit, risk, and institutional finance.
May 28 2025 Exploit Post-Mortem
Detailed post-mortem of Cork Protocol's wstETH exploit—timeline, root causes, mitigation steps, and plans for enhanced DeFi security infrastructure.
Different Types of Stablecoins and Their Depeg Risks
The word “stablecoin” is being used to describe all sorts of fixed income instruments and structured products these days. However, not all stablecoins are created equal.
Who Made Money off the FDUSD Depeg?
Large holders were able to absorb the depeg risk and redirect the market for FDUSD from its $0.87 low point back to a $1.00 peg.
Cork x Resolv | Tokenized Risk for RLP
Resolv is integrating with Cork, introducing the wstUSR:RLP risk market.
Cork x Lido | Tokenized Risk for stETH
Cork partners with Lido to launch wETH:wstETH Depeg Swaps
Cork x Etherfi | Tokenized Risk for eETH
Cork and Etherfi launch the wstETH:weETH risk market
Cork x Ethena | Tokenized Risk for USDe
Cork and Ethena launch sUSDS:USDe & sUSDe:USDT markets
Cork: The Tokenized Risk Primitive Is Now Live
Cork is launching its beta on Ethereum Mainnet with Lido, EtherFi, and Ethena.
A Community Manifesto
Cork Protocol: A Community Manifesto