Protocol Information
Cork Phoenix is a programmable risk layer for onchain assets. Users deposit a Collateral Asset to mint cPT (principal token) and cST (swap token). cST holders can swap their Reference Asset for the Collateral Asset at any time before expiry — providing guaranteed redemption liquidity against depeg risk.
Methodology
TVL: Sum of collateral assets (deposited by LPs) and reference assets (accumulated via cST exercise) locked across all Cork Phoenix pools on the CorkPoolManager contract.View code on GitHubCompetitors
Cork Phoenix history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from May 4, 2026 to Oct 28, 2026.
All-time high TVL: $7 on Jul 25, 2026. All-time low TVL: $6 on May 4, 2026.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $7 |
| Sep 30, 2026 | $7 |
| Oct 1, 2026 | $7 |
| Oct 2, 2026 | $7 |
| Oct 3, 2026 | $7 |
| Oct 4, 2026 | $7 |
| Oct 5, 2026 | $7 |
| Oct 6, 2026 | $7 |
| Oct 7, 2026 | $7 |
| Oct 8, 2026 | $7 |
| Oct 9, 2026 | $7 |
| Oct 10, 2026 | $7 |
| Oct 11, 2026 | $7 |
| Oct 12, 2026 | $7 |
| Oct 13, 2026 | $7 |
| Oct 14, 2026 | $7 |
| Oct 15, 2026 | $7 |
| Oct 16, 2026 | $7 |
| Oct 17, 2026 | $7 |
| Oct 18, 2026 | $7 |
| Oct 19, 2026 | $7 |
| Oct 20, 2026 | $7 |
| Oct 21, 2026 | $7 |
| Oct 22, 2026 | $7 |
| Oct 23, 2026 | $7 |
| Oct 24, 2026 | $7 |
| Oct 25, 2026 | $7 |
| Oct 26, 2026 | $7 |
| Oct 27, 2026 | $7 |
| Oct 28, 2026 | $7 |
TVL at each month end, May 2026 to Oct 2026
| Date | TVL |
|---|---|
| May 31, 2026 | $6 |
| Jun 30, 2026 | $6 |
| Jul 31, 2026 | $7 |
| Aug 31, 2026 | $7 |
| Sep 30, 2026 | $7 |
| Oct 28, 2026 (latest) | $7 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/cork-phoenix
Frequently asked questions
What is Cork Phoenix's TVL?
As of Oct 28, 2026, Cork Phoenix has $7.08 in total value locked. TVL has increased 1.2% over the past 30 days.
What chains does Cork Phoenix operate on?
Cork Phoenix operates on Ethereum. Ethereum holds the largest share at 100%.
How does Cork Phoenix's TVL compare to similar protocols?
Among Insurance protocols tracked by DefiLlama, Cork Phoenix ranks #25 by TVL. The category holds $177.08m across 33 protocols, and Cork Phoenix accounts for <0.1% of that total. Similar protocols include Nexus Mutual, Easedefi.org, Unslashed, Ensuro, Cozy Earn, Cover Protocol, Ante Finance, iTrust Finance, Sherlock, and InsurAce.