Total Value Locked$5,540
TVL by Chain
Ethereum$5,540
Key Metrics
Total Raised$5.5m
Sep 9, 2024Round: Pre-SeedInvestors: Orange DAO, a16z, Ideo Ventures, Steakhouse Financial, Outliers Fund, Unbounded Capital
Jan 21, 2026$5.5mRound: SeedInvestors: a16z crypto, Road Capital, WAGMI Ventures, IDEO CoLab Ventures, BitGo, Hyperithm, Depo Ventures, Cooley, FunFair Ventures, Stake Capital, Gate Ventures, Peer Venture Partners, G-20 Group, 432 Ventures
Protocol Information
The tokenized risk protocol. Hedge, trade, and earn on the risk that stablecoins, LSTs, & LRTs lose their peg
Methodology
TVL: TVL accounts for all assets deposited into the Cork smart contracts.View code on GitHubHacks
Date: May 28, 2025
Amount: $12m
Classification: Access Control
Technique: Improper Access Control
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Cork V1 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from May 1, 2025 to Oct 20, 2026.
All-time high TVL: $33.45m on May 27, 2025. All-time low TVL: $3,753 on Jun 26, 2026.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $5,997 |
| Sep 22, 2026 | $6,154 |
| Sep 23, 2026 | $6,133 |
| Sep 24, 2026 | $5,988 |
| Sep 25, 2026 | $6,000 |
| Sep 26, 2026 | $5,994 |
| Sep 27, 2026 | $6,015 |
| Sep 28, 2026 | $5,976 |
| Sep 29, 2026 | $5,952 |
| Sep 30, 2026 | $5,957 |
| Oct 1, 2026 | $5,984 |
| Oct 2, 2026 | $6,025 |
| Oct 3, 2026 | $5,979 |
| Oct 4, 2026 | $5,999 |
| Oct 5, 2026 | $6,063 |
| Oct 6, 2026 | $6,020 |
| Oct 7, 2026 | $5,987 |
| Oct 8, 2026 | $5,768 |
| Oct 9, 2026 | $5,578 |
| Oct 10, 2026 | $5,615 |
| Oct 11, 2026 | $5,646 |
| Oct 12, 2026 | $5,700 |
| Oct 13, 2026 | $5,591 |
| Oct 14, 2026 | $5,647 |
| Oct 15, 2026 | $5,356 |
| Oct 16, 2026 | $5,505 |
| Oct 17, 2026 | $5,481 |
| Oct 18, 2026 | $5,463 |
| Oct 19, 2026 | $5,464 |
| Oct 20, 2026 | $5,462 |
TVL at each month end, May 2025 to Oct 2026
| Date | TVL |
|---|---|
| May 31, 2025 | $20.88m |
| Jun 30, 2025 | $250,340 |
| Jul 31, 2025 | $180,740 |
| Aug 31, 2025 | $16,088 |
| Sep 30, 2025 | $9,882 |
| Oct 31, 2025 | $8,115 |
| Nov 30, 2025 | $6,523 |
| Dec 31, 2025 | $6,471 |
| Jan 31, 2026 | $5,988 |
| Feb 28, 2026 | $4,498 |
| Mar 31, 2026 | $4,701 |
| Apr 30, 2026 | $5,152 |
| May 31, 2026 | $4,704 |
| Jun 30, 2026 | $3,864 |
| Jul 31, 2026 | $4,475 |
| Aug 31, 2026 | $5,472 |
| Sep 30, 2026 | $5,957 |
| Oct 20, 2026 (latest) | $5,462 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/cork-v1
Frequently asked questions
What is Cork V1's TVL?
As of Oct 20, 2026, Cork V1 has $5,540 in total value locked. TVL has decreased 5.1% over the past 30 days.
What chains does Cork V1 operate on?
Cork V1 operates on Ethereum. Ethereum holds the largest share at 100%.
How does Cork V1's TVL compare to similar protocols?
Among Insurance protocols tracked by DefiLlama, Cork V1 ranks #20 by TVL. The category holds $179.57m across 32 protocols, and Cork V1 accounts for <0.1% of that total. Similar protocols include Nexus Mutual, Easedefi.org, Unslashed, Ensuro, Cozy Earn, iTrust Finance, Cover Protocol, Ante Finance, Sherlock, and InsurAce.
Has Cork V1 ever been exploited?
Cork V1 has 1 recorded security incident. The most recent incident occurred on May 28, 2025 and involved $12m. It was classified as Access Control.