Can DeFi Handle The Next Depeg? How Cork is Pricing The Risk

Phil Fogel is the CoFounder and CEO at Cork Protocol.

In this episode, we explore how Cork enables a massive new cohort of DeFi users and crypto institutional investors to hedge against stablecoin and (re)staking token depegs, unlocking a new market for trading and earning through tokenized risk.

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Timestamps

0:00 - Intro
5:49 - Phil’s background
11:44 - Why do we need depeg swaps and tokenized risk?
15:05 - The systemic risk of USDT and how Cork helps
18:31 - Example how Cork could have been used during Luna UST depeg
23:33 - Sponsor break
24:11 - What is risk premium and how do we think about it as Cork users?
25:38 - Who are key users and partners for Cork?
31:47 - Could pegged asset issuers use Cork themselves?
33:33 - Could Cork suffer from contagion during a depeg event?
36:41 - Sponsor break
38:19 - What if Ethena USDe had depegged worse during the Bybit hack?
41:16 - Is DeFi mature enough now for depeg swaps?
43:26 - How will Cork earn revenue?
44:53 - Roadmap for Cork
49:36 - Closing

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🔗 Guest Links 🔗

► Cork website: https://cork.tech/
► Cork on X: https://x.com/corkprotocol
► Phil on X: https://x.com/philfog

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All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.