Rho Protocol – On-chain Interest Rate Derivatives
Why you should listen Rho Protocol is a new institutional-grade decentralized marketplace on Arbitrum that allows retail and professional traders to efficiently exchange rate risk via on-chain swaps and futures in a secu...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Rho Protocol is a new institutional-grade decentralized marketplace on Arbitrum that allows retail and professional traders to efficiently exchange rate risk via on-chain swaps and futures in a secure, efficient, and compliant manner.
Rho Protocol’s first family of products are fixed-to-floating interest rate swaps on a diverse set of index rates. In TradFi, this product comprises over 60% of the total outstanding interest in interest rate derivatives.
The protocol is currently in beta with big expansion plans for new products planned for 2024. Rho raised $2.2m in a pre-seed funding round late last year.
Supporting links
If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.
ADVERTISEMENTAdvertise with BNC
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Brave New CoinRelated market context
Papertrade draws $3B in Bitcoin open interest as on-chain perps exchange launches
The launch of Papertrade could reshape crypto trading dynamics, emphasizing leverage and risk, potentially impacting market stabil...
Saylor teases Strategy Bitcoin buying after ending September with STRC buybacks
Investors will have to wait an extra day to find out if and how much Strategy added to its Bitcoin treasury in the first week of O...
More Orange: Saylor Hints at Growing Strategy’s 848K Bitcoin Stash
Strategy could expand its bitcoin holdings after Michael Saylor posted another orange-themed buying hint. His latest message follo...
Bitcoin rally restores some confidence, but open interest lags
Bitcoin's rally suggests cautious optimism; reduced leverage may lead to sustainable growth but limits potential for rapid price s...
Bitcoin Price Prediction: Can BTC USD Hold $82K Ahead of Next Week’s CPI Drop?
Bitcoin price prediction notes a brief recovery on Saturday, October 10, but the market remains poised for a weekly loss as rising...
Bitcoin companies are learning that holding forever takes cash
Metaplanet sold 10,000 BTC and bought back 11,000 at a higher average price to show it was willing to sell its Bitcoin. The Japane...