Cork Phoenix
Cork Phoenix is a programmable risk layer for onchain assets. Users deposit a Collateral Asset to mint cPT (principal token) and cST (swap token). cST holders can swap their Reference Asset for the Collateral Asset at any time before expiry — providing guaranteed redemption liquidity against depeg risk.
Total Value Locked
$7
30d Change
+16.7%
Category
Insurance
1 chains
TVL — last 90 days
TVL by chain
| Chain | TVL | Share |
|---|---|---|
| Ethereum | $7.01 | 100.1% |
About Cork Phoenix
Cork Phoenix is a insurance protocol deployed across 1 chain, led by Ethereum. Total value locked measures the assets currently deposited in its smart contracts — see our TVL definition for how to interpret it. Compare Cork Phoenix against the wider market on the live protocol rankings, or explore current yields across DeFi.
Official website: https://app.cork.tech/