Logo of Cork PhoenixCork Phoenix
Total Value Locked$7.03

TVL by Chain

Ethereum$7.03

Protocol Information

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.

WebsiteTwitter
Category:Insurance

Methodology

TVL: Sum of collateral assets (deposited by LPs) and reference assets (accumulated via cST exercise) locked across all Cork Phoenix pools on the CorkPoolManager contract.View code on GitHub

Competitors

Nexus Mutual ($108.69m)Easedefi.org ($4.89m)Unslashed ($3.67m)Ensuro ($2.04m)Cozy Earn ($1.04m)Cover Protocol ($808,756.91)iTrust Finance ($514,128.42)Ante Finance ($502,565.13)Sherlock ($501,557.91)Nsure ($252,755.55)

Frequently Asked Questions

What is Cork Phoenix's TVL?

Cork Phoenix currently has $7.03 in total value locked. TVL has increased 0.4% over the past 30 days.

What chains does Cork Phoenix operate on?

Cork Phoenix operates on Ethereum. Ethereum holds the largest share at 100%.

How does Cork Phoenix's TVL compare to similar protocols?

Among Insurance protocols tracked by DefiLlama, Cork Phoenix ranks #23 by TVL. The category holds $123.59m across 31 protocols, and Cork Phoenix accounts for <0.1% of that total. Other leading protocols include Nexus Mutual, Easedefi.org, Unslashed, Ensuro, Cozy Earn, Cover Protocol, iTrust Finance, Ante Finance, Sherlock, and Nsure.