Phil Fogel, CEO of Cork Protocol, joins to discuss building on-chain risk infrastructure. He explains why DeFi needs tools like fully collateralized credit default swaps to transfer risk explicitly. Institutions require risk control and transparent pricing, not just high yields. The conversation covers how Cork could have impacted stablecoin depegs like Terra and USDC by providing programmable hedges. Finally, Phil highlights their upcoming pilot with Avantgarde, focusing on making real-world assets (RWAs) loopable through secure, risk-adjusted liquidity markets.Stable Stories is a podcast series exploring the behind-the-scenes stories of the builders, operators, and pioneers shaping the stablecoin economy.

Eco: https://eco.comEco on X: https://x.com/ecoCork Protocol: https://www.cork.tech/Phil on X: https://x.com/Philfog