Cork Protocol
Cork Protocol It introduced a new decentralized finance primitive called depeg swaps, enabling participants to trade risks associated with pegged assets, functioning similarly to credit default swaps in traditional finance. It provides a mechanism for managing liquidity risk and credit risk in on-chain credit markets, helping stabilize decentralized finance and reduce volatility. Cork aims to create foundational risk-management infrastructure, encourage more capital to flow into on-chain credit markets, and mitigate the associated risks.
Overview
Cork Protocol It introduced a new decentralized finance primitive called depeg swaps, enabling participants to trade risks associated with pegged assets, functioning similarly to credit default swaps in traditional finance. It provides a mechanism for managing liquidity risk and credit risk in on-chain credit markets, helping stabilize decentralized finance and reduce volatility. Cork aims to create foundational risk-management infrastructure, encourage more capital to flow into on-chain credit markets, and mitigate the associated risks.
- Sector
- # Other
- Ecosystem
- —
Team
Team information has not been disclosed.
Funding history
1 disclosed rounds- Seed
5,500,000 USD
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