From under $150M to over $4.4B That’s the leap curated vaults made in the past 12 months 28× growth Vaults are now the fastest-rising asset class in DeFi (Source: @Kiln_finance)

Since the Kiln report was published, vault growth has accelerated @MorphoLabs, @eulerfinance, @veda_labs, and @yearnfi now hold over $15B combined Vaults are no longer an idea. They are DeFi’s structured layer, powering real yield for players like @Coinbase and @apolloglobal

But vaults don’t come without problems When utilization hits 90%, only 10% of funds are withdrawable If redemptions spike, liquidity dries up Even healthy vaults get stuck It’s not credit risk It’s duration risk

This mismatch between assets and liabilities is one of the biggest threats to vault trust Borrowers are fine Rates are stable But users can’t exit Liquidity buffers are missing And the biggest vault protocols are already running at high utilization

That’s where Cork comes in Vaults can use Cork to spin up tokenized risk markets that cover redemption risk Swap vault tokens for liquid collateral instantly Keep capital productive Keep exits available

This matters because vaults are no longer niche TVL in curated vaults grew 28× @MorphoLabs became the largest lending protocol on @Base Veda crossed $2.3B in TVL in under 12 months @SteakhouseFi, @gauntlet_xyz, @Re7Labs now manage $6B+ as curators

Cork adds the layer vaults are missing Redemption liquidity Composability under pressure Programmable trust Because as vaults scale Risk needs to scale smarter