Kresko is a defunct non-custodial DeFi protocol that enabled users to create and trade collateralized synthetic assets, including stocks, commodities, forex, and cryptocurrencies, before shutting down in 2024. Kresko's Twitter Score is 16 out of 1000 as of August 2026, ranking #60,441 among 483,944 tracked accounts.
Kresko was founded by Deepak Nuli and launched following the GameStop short squeeze and the controversy around Robinhood's trading restrictions on that stock. Built on Solidity smart contracts, the protocol offered minting, swapping, pooling, and farming functionality, along with fractional synthetic assets and zero-slippage trading. It used both Pyth and Chainlink oracle networks for live USD-denominated pricing, with deviation checks between primary and reference sources. Kresko was affiliated with Arbitrum as part of its deployment infrastructure.
Kresko previously raised a $2.35 million seed round led by Electric Capital and Polychain Capital, and also closed a $1.8 million strategic round led by Electric Capital and Zero Age Ventures, with participation from WAGMI Ventures, GTS Ventures, Multisig Ventures, Alchemy Cap, and Quantitative Holdings. The protocol also introduced KREDITS as a community reward mechanism rather than a tradable token. In August 2024, Kresko announced it was sunsetting the protocol, citing founder Deepak Nuli's worsening health challenges, with users instructed to withdraw or migrate assets by September 10, 2024. Some former team members subsequently developed Kopio as a fork, and users were offered migration to that protocol during the shutdown.
Kresko has published 1,123 posts on the platform and has been mentioned by 13 accounts a total of 19 times.
Who follows Kresko on X?
The accounts that follow Kresko include 59 founders, 24 angel investors, 50 influencers and 4 VCs, among them Larry Cermak, John Wang, Notsofast, Jane Lippencott, Maria and The Rollup.