Cork

Cork operates a programmable risk primitive protocol for onchain finance, enabling AI agents to underwrite, price, and deploy risk autonomously across onchain assets. The protocol provides a single composable primitive that supports agentic underwriting, capital formation, and oracle-driven payouts for any observable risk. Its solutions include liquidity buffers for illiquid asset pools such as vaults, bridges, and private credit; duration coverage enabling instant unwinding of illiquid collateral types; default protection for holders of stablecoins, LST/LRTs, and RWA tokens; and peg stability enhancement for asset issuers. The platform features discrete, composable tokenized risk instruments that agents can price, trade, and stack without a frontend UI. Users buy protection against illiquidity or depeg events, exercise swaps to receive liquid collateral instantly, and settle into high-quality assets like USDC or ETH with pre-funded payouts and no withdrawal queues. Founded in 2023 and headquartered in New York City, United States, the company has raised $5.5M in Seed funding from investors including a16zcrypto, BitGo, and Stake Capital.