Ask about Cork ProtocolKey Metrics
Total Raised
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
A programmable risk layer for onchain assets, including vault tokens, yield-bearing stablecoins, LSTs, and RWAs.
Category:Insurance
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Hacks
Date: May 28, 2025
Protocol: Cork V1
Amount: $12m
Classification: Protocol Logic
Technique: Access Control Bypass Via Hook
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is Cork Protocol?
A programmable risk layer for onchain assets, including vault tokens, yield-bearing stablecoins, LSTs, and RWAs.
What is Cork Protocol's TVL?
Cork Protocol currently has $4,416 in total value locked. TVL has increased 3.6% over the past 30 days.
What chains does Cork Protocol operate on?
Cork Protocol operates on Ethereum. Ethereum holds the largest share at 100%.
How does Cork Protocol's TVL compare to similar protocols?
Among Insurance protocols tracked by DefiLlama, Cork Protocol ranks #19 by TVL. The category holds $101.79m across 28 protocols, and Cork Protocol accounts for <0.1% of that total. Other leading protocols include Nexus Mutual, Easedefi.org, and 3F Mutual.
Has Cork Protocol ever been exploited?
Cork Protocol has 1 recorded security incident. The most recent incident occurred on May 28, 2025 and involved $12m. It was classified as Protocol Logic.