Risk, Uncorked.

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

Case Study

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

May 2026 10 minutes

Latest writing

Depeg

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.

April 2026 10 minutes
Liquidity

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.

April 2026 10 minutes
RWAs

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.

March 2026 5 min
Liquidity

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 and Steakhouse Finance March 2026 15 minutes
Product

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.

February 2026 3 minutes
Product

Cork Phoenix is Live on Ethereum Mainnet

Cork Phoenix launches programmable risk infrastructure for RWAs, vaults, and yield-bearing stablecoins.

January 2026 8 mins
Company

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.

January 2026 5 mins
Product

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.

January 2026 5 mins
Vaults

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.

December 2025 8 mins
Security

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

December 2025 15 mins
Product

Introducing Protected Loops

Protected Loops: safe RWA looping with instant exit liquidity and atomic liquidations via Cork Pools.

December 2025 5 mins
Liquidity

Cork x Agglayer | Instant Withdrawal Liquidity

Cork integrates into Agglayer's Vault Bridge, providing instant liquidity buffers.

December 2025 5 mins
Liquidity

Measuring “Time to Cash” in Maple Vaults

Measuring “time to cash” across three Maple vaults: syrupUSDC, MPLhysUSDC, and syrupUSDT

December 2025 15 mins
Security

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.

November 2025 3 mins
Vaults

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

November 2025 8 mins
Research

Where is DeFi Today?

The State of DeFi 2025: Stablecoins, Staking and Institutional Flows | Cork Protocol

Robert Schmitt October 2025 8 mins
Vaults

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.

September 2025 8 mins read
Duration

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.

Robert Schmitt September 2025 8 mins
Vaults

Demystifying Onchain Vaults and the ERC-4626 Token Standard

How ERC-4626 transforms onchain vaults, unlocking scalable yield strategies and institutional adoption.

August 2025 8 mins read
Research

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.

Robert Schmitt August 2025 6 mins read
Duration

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.

Robert Schmitt August 2025 10 mins read
Vaults

The Evolution of Onchain Vaults: From Aggregators to Curated Yield Infrastructure

The Timeline for Onchain Vaults (2020-2025) | Cork Protocol

August 2025 8 mins read
Security

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.

July 2025 8 minute read
Research

Ethereum: The Internet Debt Machine

Ethereum is evolving into the Internet Debt Machine—transforming onchain credit, risk, and institutional finance.

Luke Chmiel - Head of Growth July 2025 10 mins read
Security

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.

June 2025 15 minute read
Depeg

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.

Cork Research May 2025 15 mins read
Depeg

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.

April 2025 5 mins read
Partnership

Cork x Resolv | Tokenized Risk for RLP

Resolv is integrating with Cork, introducing the wstUSR:RLP risk market.

April 2025 3 mins read
Partnership

Cork x Lido | Tokenized Risk for stETH

Cork partners with Lido to launch wETH:wstETH Depeg Swaps

March 2025 3 mins read
Partnership

Cork x Etherfi | Tokenized Risk for eETH

Cork and Etherfi launch the wstETH:weETH risk market

March 2025 3 mins read
Partnership

Cork x Ethena | Tokenized Risk for USDe

Cork and Ethena launch sUSDS:USDe & sUSDe:USDT markets

March 2025 3 mins read
Product

Cork: The Tokenized Risk Primitive Is Now Live

Cork is launching its beta on Ethereum Mainnet with Lido, EtherFi, and Ethena.

Rob Schmitt March 2025 5 mins read
Company

A Community Manifesto

Cork Protocol: A Community Manifesto

March 2025 3 minutes