Ask about Cork Protocol · free
Cork Protocol
Total Value Locked$5,622
TVL by Chain
Ethereum$5,622
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
A programmable risk layer for onchain assets, including vault tokens, yield-bearing stablecoins, LSTs, and RWAs.
- Cork V1Insurance
- Cork PhoenixInsurance
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: Access Control
Technique: Improper Access Control
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is Cork Protocol's TVL?
Cork Protocol currently has $5,622 in total value locked. TVL has increased 0.1% 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 $122.26m across 30 protocols, and Cork Protocol accounts for <0.1% of that total. Other leading protocols include Nexus Mutual, Easedefi.org, Unslashed, Ensuro, Cozy Earn, iTrust Finance, Ante Finance, Cover Protocol, Sherlock, and InsurAce.
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 Access Control.