Phoenix address two key problems critical to institutional adoption of onchain finance today: 1) duration risk & 2) (il)liquidity risk.
We've been heads down building for the past 6+ months...and super excited to bring the new & improved Cork into the wild for 2026's explosion of onchain credit assets & RWAs.
Cork Phoenix is live on Ethereum mainnet!
Phoenix is the next phase of Cork, a programmable risk layer for onchain assets such as RWAs, vault tokens, and yield-bearing stablecoins.
Earlier this month, an agent bought risk coverage directly through another agent on Cork, with no human involved.
This was a major milestone; the first fully autonomous, agent-to-agent risk trade to happen on Cork's infrastructure. @Zyfai_'s agent requested coverage on Cork's order book. An underwriter agent (Claude in a loop with the Cork MPC) priced it. Zyfai accepted, and it settled onchain on Base 🧵
A new edition of This is Risk, Uncorked just landed
Inside:
the risks agents create that never existed before
why they all exit at the same second
two agents pricing and settling a risk transfer between them
Don't miss the next one 👇
https://t.co/3G9kDBPSJk
A true, native on-chain tokenized fund is a huge milestone for our industry, and @TFGolden is a shining example of the type of serious, dogged champion required to make financial innovation happen at stage.
👏👏👏 big congrats to the whole team at @BaillieGifford for showing the entire industry that old dog's can do real cool new tricks!
Agents are now the main users.
The question driving everything we're building at Cork: how does risk get priced when both sides of every trade are machines? My full talk from @AgenticSummit