At Cork, our mission is to accelerate the adoption of on-chain credit. We believe the future of credit is on-chain. Early variants of on-chain credit, such as liquid staking tokens, restaking tokens, and stablecoins, are gaining formidable traction. This growth comes in the absence of appropriate risk management infrastructure. There are no ways to hedge credit risks, and we have seen large spikes of volatility and losses as a result. For this ecosystem to thrive, this layer has to be built out, similar to how there is a credit default swap ecosystem for the off-chain credit market. This is why we are building Depeg Swaps, a new primitive that enables you to hedge your pegged asset risk. It works by enabling you to swap a pegged asset 1:1 with a redemption asset (such as swapping stETH → ETH) through our Peg Stability Module. Read our litepaper (https://www.notion.so/f21a57d5c19d48209dfa0f0c2ab776c4?pvs=21) for the full mechanism description. By joining our mission and helping grow this product, we can together help credit markets become transparent, safe, and accessible to all.