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Ep. 670 Cork | Tokenized Risk for Web3 (feat. Phil Fogel)
For episode 670 of the BlockHash Podcast, host Brandon Zemp is joined by Phil Fogel, CEO and Co-founder of Cork.
DeFi has a $100B+ problem: you can't trade the risk. Insurance exists, but it's expensive, illiquid, and doesn't cover the economic chaos that actually wipes people out: depeg events, protocol runs, cascading liquidations etc. Phil Fogel, CEO and co-founder of Cork, backed by a16z crypto, Road Capital and more, explains that the system fails when risk is opaque and largely untradeable. Without tools to manage downside dynamically, stress compounds and volatility turns into contagion.
Cork is his response. It is not insurance, but market-based risk infrastructure. By making risk programmable and tradable through swap tokens, participants can address stress before it cascades. Phil’s broader perspective is about market structure. DeFi will not scale safely or attract institutions until risk management functions like a market rather than a promise.
📣 This episode is brought to you by Sumsub.
Sumsub is a leading full-cycle verification platform purpose-built for the crypto industry, chosen by 8 out of 10 of the biggest global exchanges. It helps VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. From instant KYC and KYB to automated crypto transaction monitoring, as well as full Travel Rule compliance with over 1,800+iGaming Fintech VASPs in their Travel Rule ecosystem, their no-code platform adapts to evolving threats, market demands, and global regulations.
You can learn more about Sumsub at https://sumsub.com
Check out Sumsub’s YouTube channel here: https://bit.ly/SubscribeToSumsub
⏳ Timestamps:
(0:00) Sumsub
(0:44) Introduction
(1:39) Who is Phil Fogel?
(5:12) What is the Cork protocol?
(8:47) Step-by-step process of Cork
(11:58) Importance of Swap Tokens
(13:44) Real world use-cases and applications
(17:34) Sumsub
(18:18) Future of tokenized risk
(20:55) Cork protocol roadmap
(23:48) Website & socials
🎙 Cork Links:
🔗 Website: https://www.cork.tech/
🔗 X: https://x.com/Philfog
🔗 X: https://x.com/Corkprotocol
🔗 LinkedIn: https://www.linkedin.com/in/philfog/
🔗 LinkedIn: https://www.linkedin.com/company/corkprotocol/
📢 Disclaimer:
None of our content constitutes, nor is intended to act as financial advice. It’s important to always do your own research and due diligence before making any investment decision. Digital Assets and Cryptocurrencies are highly volatile and carry a considerable amount of risk.
View all episodes
By BlockHash LLC
4.9
3636 ratings
For episode 670 of the BlockHash Podcast, host Brandon Zemp is joined by Phil Fogel, CEO and Co-founder of Cork.
DeFi has a $100B+ problem: you can't trade the risk. Insurance exists, but it's expensive, illiquid, and doesn't cover the economic chaos that actually wipes people out: depeg events, protocol runs, cascading liquidations etc. Phil Fogel, CEO and co-founder of Cork, backed by a16z crypto, Road Capital and more, explains that the system fails when risk is opaque and largely untradeable. Without tools to manage downside dynamically, stress compounds and volatility turns into contagion.
Cork is his response. It is not insurance, but market-based risk infrastructure. By making risk programmable and tradable through swap tokens, participants can address stress before it cascades. Phil’s broader perspective is about market structure. DeFi will not scale safely or attract institutions until risk management functions like a market rather than a promise.
📣 This episode is brought to you by Sumsub.
Sumsub is a leading full-cycle verification platform purpose-built for the crypto industry, chosen by 8 out of 10 of the biggest global exchanges. It helps VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. From instant KYC and KYB to automated crypto transaction monitoring, as well as full Travel Rule compliance with over 1,800+iGaming Fintech VASPs in their Travel Rule ecosystem, their no-code platform adapts to evolving threats, market demands, and global regulations.
You can learn more about Sumsub at https://sumsub.com
Check out Sumsub’s YouTube channel here: https://bit.ly/SubscribeToSumsub
⏳ Timestamps:
(0:00) Sumsub
(0:44) Introduction
(1:39) Who is Phil Fogel?
(5:12) What is the Cork protocol?
(8:47) Step-by-step process of Cork
(11:58) Importance of Swap Tokens
(13:44) Real world use-cases and applications
(17:34) Sumsub
(18:18) Future of tokenized risk
(20:55) Cork protocol roadmap
(23:48) Website & socials
🎙 Cork Links:
🔗 Website: https://www.cork.tech/
🔗 X: https://x.com/Philfog
🔗 X: https://x.com/Corkprotocol
🔗 LinkedIn: https://www.linkedin.com/in/philfog/
🔗 LinkedIn: https://www.linkedin.com/company/corkprotocol/
📢 Disclaimer:
None of our content constitutes, nor is intended to act as financial advice. It’s important to always do your own research and due diligence before making any investment decision. Digital Assets and Cryptocurrencies are highly volatile and carry a considerable amount of risk.