Everywhere at once
More capital, more assets, more connections. More exposure in more places.
How it Works
Cork connects people who want to offload a risk with capital willing to take it on. Each side gets a token, fully backed by collateral.
Risk has changed. The tools haven't.
How we price and move risk hasn't caught up.
Written into code
Contracts and agents create and move risk now, not trading desks. It builds up without anyone choosing to take it on.
Never closes
Markets run 24/7. No overnight, no time to react.
Minutes, not quarters
A shock that once took a quarter to play out now spreads in minutes.
Traditional finance moves risk through insurance, structured credit, and derivatives. Those tools were built for risk that moved at human speed.
Cork is built for risk as it moves now.
Once an asset is tokenized, you can build a market for the risks it carries. The risk becomes an asset: priced, backed, and tradable, onchain or in an insurance policy.
Tokenizing risk to create markets
Every Cork market works in three steps.
Create the market
A Cork Pool matches someone who wants protection with someone willing to provide it. The market sets the price, in the open.
Tokenize both sides
Each side gets a fully backed token. Buyers of protection get cST (Cork Swap Token): exit at a set price or at NAV, no queue. Underwriters get cPT (Cork Principal Token): earn the premium.
Build capital markets
Both tokens trade and plug into the rest of DeFi. Risk becomes visible, and institutions get a way in.
One engine. Any measurable risk.
Cork isn't a set of one-off products. Every market runs on the same contracts. Only the data feed that triggers payout (the oracle) changes.
If a risk can be measured, Cork can make a market for it.
- Depeg
- Redemption liquidity
- Protected loops
- NAV drawdown
- Slashing
- Insurance policy
Onchain Finance
Onchain, the blockchain already gives you the shared record and instant settlement. Cork adds the market.
Insurance
Insurance has no shared record, and settlement takes months. Cork builds the payments and the record first, then the market.