On-chain Interest Rate Market Rho Labs Completes $4 Million Seed Round, with Participation from CoinFund

BlockBeats News, February 5th, Rho Labs, an on-chain interest rate market founded by former Copper Chief Product Officer Alex Ryvkin, has successfully completed a $4 million seed round of financing. This round of financing was led by CoinFund, Flow Traders, among others.

The Rho Protocol is the first crypto-native interest rate market that uniquely integrates staking, lending, and perpetual contract funding rate trading on one platform.

BlockBeats previously reported that on November 16, 2023, Rho Labs announced the completion of a $2.2 million Pre-Seed round of financing, led by Speedinvest, with participation from Keyrock, Re7 Capital, Daedalus Collective, and Copper CEO Dmitry Tokarev.