• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cork Protocol in a16z Crypto’s Fall Cohort with Investments and Testnet Competition

user avatar

by Giorgi Kostiuk

a year ago

  1. Preparing for Mainnet
  2. Testnet Competition
  3. Expert Opinions


    4. Cork Protocol, which has built a new DeFi primitive similar to credit default swaps for pegged crypto assets, today announces its participation in the a16z Crypto CSX Fall 2024 cohort. Backed by investors including OrangeDAO and Ideo, the 8-week program aims to accelerate the early go-to-market strategy.

    Preparing for Mainnet

    Cork Protocol has secured investments from OrangeDAO, a16z CSX, Ideo Ventures, Steakhouse Financial, Outliers Fund, and Unbounded Capital among others to accelerate its launch. The protocol offers Depeg Swaps, which can be used for long-term buy-and-hold strategies, yield enhancement for underwriters, or as part of collateral stacks. By participating in the CSX Fall 2024 cohort, Cork Protocol will benefit from tailored resources, mentorship, and the a16z network to refine its product before the mainnet launch.

    Testnet Competition

    In conjunction with the announcement, Cork Protocol is launching a Testnet Trading Competition starting September 17th. The competition will take place on the Sepolia Testnet, allowing participants to test the protocol under simulated conditions and compete for profit, as well as report bugs. The prize pool totals 1.75 ETH, including 0.5 ETH for the highest overall profit, 0.25 ETH for the most profitable liquidity provider, and 0.1 ETH for the best bug report.

    We’re excited to invite DeFi enthusiasts, traders, and developers to participate in our Testnet Trading CompetitionRob Schmitt, Co-Founder of Cork Protocol

    Expert Opinions

    Many experts have praised Cork Protocol's innovations. The Depeg Swaps concept has garnered attention from both crypto enthusiasts and key market players.

    A competitive marketplace to price smart contract, slashing, and liquidity risk could fundamentally improve the UX of interacting with stETHMcNut, Lido Contributor

    Cork Protocol continues to develop its new DeFi primitive aimed at improving the stability and efficiency of the crypto economy. Participation in the CSX cohort and the launch of the testnet competition will help accelerate market entry.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Litecoin's hash rate reaches a record peak.

chest

In 2025, Litecoin's hashrate reached a record high of 38 petahashes per second, reflecting stronger security and increased miner participation.

user avatarKofi Adjeman

GWEI Token Launched for ETHGas Governance.

chest

On January 13, 2026, ETHGas launched its native governance token, GWEI, enabling users and stakeholders to influence the protocol's future through on-chain decision-making.

user avatarNguyen Van Long

ETHGas Implements Modifications to the Ethereum Gas Market.

chest

ETHGas has launched to transform Ethereum gas and blockspace allocation by creating a structured, tradable market to enhance transaction efficiency and reduce delays.

user avatarSatoshi Nakamura

Buterin Talks About the Dangers of Stablecoins Tied to the Dollar.

chest

Buterin discusses the risks of dollar-pegged stablecoins, emphasizing the need for broader economic indicators.

user avatarTando Nkube

Vitalik Buterin cautions about inherent issues in decentralized stablecoins.

chest

Ethereum founder Vitalik Buterin raises concerns about unresolved structural flaws in decentralized stablecoins, highlighting issues like dollar dependence and oracle security.

user avatarAyman Ben Youssef

Plume Network Powers GemStone's Tokenization Efforts

chest

Plume Network plays a crucial role in the success of GemStone by providing the necessary tokenization and on-chain infrastructure, focusing on real-world assets and enhancing the efficiency and security of the tokenization process.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.