Cork Protocol is a DeFi risk infrastructure project that focuses on providing a programmable risk hedging layer for on chain assets such as stablecoins, LSTs, yield bearing stablecoins, RWAs, and vault tokens. Simply put, it allows users to buy and sell 'decog risks', similar to buying or selling insurance to earn profits. At present, it is online on Ethereum Mainnet (Phoenix version) and has just completed a seed round financing of $5.5 million (led by a16z CSX and Road Capital). The project emphasizes that 'risk is an asset class', and users can: Purchase protection (hedge depeg). Sell risk to earn high returns (rewrite risk). Provide liquidity to earn fees and rewards. Note: The project has not yet issued tokens and there is no official confirmation of airdrop/points system. But as an a16z acceleration project+DeFi infrastructure, the community generally believes that there is a high probability of retro active airdrop (similar to early rewards for active users/LPs such as Morpho and Ethena). In history, such risk/infrastructure projects often reward early adopters. Take risks at your own risk, currently the main network is engaged in real fund interactions. Step 1: Understand the official website and app Official website: https://www.cork.tech/ App： https://app.cork.tech/ (Ethereum Mainnet, supporting WalletConnect) Application: https://app.cork.tech/ (Ethereum mainnet, supporting WalletConnect) Docs/Blog: The official website provides detailed explanations, recommended to read first https://www.cork.tech/blog/cork-phoenix-is-live-on-ethereum-mainnet Step 2: Connect the wallet and explore the core features (core farming methods) of Cork's main interactions in the three sections of the app: Trade (buying and selling risk) Choose a market (such as USDT, USDe, sUSDS and other depeg swaps). Buy Depeg Protection: Hedge your stablecoin holdings to prevent loss from unanchoring. Buy Cover Tokens: Take on risk and earn high fixed APY (currently common 8-12%+underlying asset yield+occasional points, such as Ethena points). Example: sUSDS: In the USDe market, buying a cover can earn~9-10% fixed+sUSDS yield+Ethena points. Example: sUSDS: In the USDe market, buying a cover can earn~9-10% fixed+sUSDS yield+Ethena points. Liquidity (providing liquidity) Deposit into Liquidity Vaults: Provide liquidity to earn trading fees+risk premiums+protocol fees. Deposit into Liquidity Vaults: Provides liquidity transaction fees+risk premium+agreement fees. The current APY is high (10%+) and the capital efficiency is high. If you believe that assets will not detach, the highest returns are here. This is the most recommended farming method: early LPs are often heavily rewarded with retro airdrops. Redeem (Redeem/Exercise Protection) If depeg occurs, it can be easily replaced with a secure asset with just one click. Operation suggestions (farming focus): Test with small funds (a few hundred dollars): Provide LP to popular markets (such as USDe related), or buy Cover Tokens to earn yield. Multi interaction: trade/LP/withdraw multiple times to increase onchain footprints. Pay attention to the launch of the new market (X announcement will be issued for the project). Step 3: Social Activity (Increase Exposure, Potential Bonus Points) Follow the official X: @Corkprotocol Frequently reply to/RT/quote their posts. Join the community: The official website has Discord/Telegram links (found from X bio or blog). Share usage experience in X post, @Corkprotocol (Original content is better, don't just brush it). The project emphasizes institutional level risk management, and discussions on topics such as RWA/vaults/depeg are easily noticed. Step 4: Monitor points/rewards There are currently no explicit points, but some markets offer additional rewards (such as Ethena points). Pay attention to partners such as Resolv, Katana, Euler, etc. Cross project interactions may have dual qualifications. Check the CryptoRank/Airdrop site: The project has a page on CryptoRank and may appear on the potential airdrop chart in the future. Additional Tips Chain: Ethereum Mainnet (note gas fee, use Layer2 bridge to enter). Risk: Mainnet has real funds, with depeg risk and smart contract risk (the project has historical events, but Phoenix has been upgraded). Time cost: Medium, mainly LP+holdings. If tokens are added, early users/LPs are likely to receive big rewards (refer to similar projects). Cork is the key puzzle of institutional DeFi, with high early interaction value. At present, the community is actively farming LP and trading. Wishing you a smooth ride! Ask me again if there are new markets or updates