Cork — the tokenized risk protocol — is live in public beta on the Ethereum mainnet. Resolv is integrating with Cork, introducing the wstUSR:RLP risk market. The market lets users hedge, trade, and earn against the risk that RLP loses its price correlation to wstUSR.

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Start with wstUSR:RLP on Cork.

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About Cork

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Cork introduces a novel primitive to DeFi known as Depeg Swaps, which represent the risk that any pegged asset — including stablecoins like USDT and liquid staking tokens like stETH — loses its pegged value. Cork’s Depeg Swaps represent tokenized risk, which can be traded against to protect positions or capture upside on depeg events. Cork was built to bring more opportunity to existing crypto markets while providing a broader suite of financial instruments in preparation for the influx of real-world assets and institutional capital into crypto.

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Resolv x Cork

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Resolv is advancing the investment stablecoin concept by integrating diversified yield sources and enhanced risk segregation. Unlike traditional transactional stablecoins like USDT and USDC that excel in payments and on/off-ramps, Resolv’s approach leverages USR as a gateway to scalable crypto yield. By employing a flexible, hybrid strategy that taps into multiple yield sources—from delta-neutral strategies to diversified lending markets—Resolv is building a robust platform for scalable crypto yield.

Central to Resolv’s innovation is its robust risk segregation framework. In this model, USR serves as the senior tranche—a stable, yield-bearing asset—while RLP functions as the junior tranche, absorbing strategy-specific risks. This design transforms RLP into a scalable, decentralized external insurance fund that garners larger returns. In effect, the system ensures that even if varied yield sources introduce unique risks, the stability of USR remains uncompromised.

Resolv’s partnership with Cork to launch the wstUSR:RLP risk market is a natural extension of this strategy. The market empowers participants to hedge their RLP positions, trade the risk of potential price floor sudden variations, and earn through liquidity provision, thereby isolating the risk tranche embodied by RLP, effectively pricing the risk that RLP may not always convert for wstUSR at a rate of 1.09. Resolv’s partnership with Cork to launch the wstUSR:RLP risk market enhances this approach. In this market, participants can hedge their stUSR positions and speculate on potential price floor sudden variations, while liquidity providers earn yield. Crucially, the swap tokens serve to isolate the risk tranche embodied by RLP, effectively pricing the risk that RLP may not always convert for wstUSR at a rate of 1.09. This collaboration not only deepens market insight into the health of the wstUSR:RLP ecosystem but also broadens the suite of financial instruments available, paving the way for an environment marked by enhanced stability, opportunity, and transparency.

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Starting with Cork x Resolv

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The Resolv wstUSR:RLP market on Cork gives users multiple opportunities to protect their portfolios and earn based on the risk that RLP may not always convert for wstUSR at a rate of 1.09. Here’s how you can get involved:

• Hedge:
  
  Users who want to protect their RLP holdings against the risk of price floor sudden variations can purchase RLP Depeg Swaps. These tokens are available directly from the Cork app or on a DEX. In the event of a sudden variation, RLP Depeg Swaps can be deposited back into Cork’s Peg Stability Module to redeem wstUSR at a rate of 1.09. Essentially, the Depeg Swap tokens isolate the risk tranche embodied by RLP, effectively pricing the price floor sudden variations risk.
  
  
• Trade:
  
  Users looking to speculate on the possibility that RLP loses its 1.09 convertibility to wstUSR can trade RLP Depeg Swaps or Cover Tokens, which function similarly to prediction markets. These tokens can be acquired either via the Cork app or a DEX. Should a sudden price variation occur, RLP Cover Token holders will receive the remaining assets in the wstUSR:RLP Peg Stability Module.
  
  
• Earn:
  
  Users can earn an annual fixed yield by buying Cover Tokens for the wstUSR:RLP market as rewards for covering the risk of RLP sudden price variations. Users can also earn by providing liquidity to the wstUSR:RLP vault. Liquidity providers benefit from trading fees, risk premiums, and protocol fees, creating an additional incentive to participate in the market.
  
  

For those holding stUSR and looking to boost yield on their staked USR, or for holders of RLP seeking protection or trading opportunities on depeg events, this market offers a comprehensive solution. It provides a safeguard to exit RLP positions even when the collateralization ratio falls below 114%, ensuring that you can always retrieve the underlying value.

For a deeper understanding of how to get started with Cork, see the Cork documentation. To dive right in and explore Cork x Resolv, head over to the Cork application.

Want to partner with us to open a new Cork market pair? Connect with us here.

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