🙌Welcome to Rho Markets
Last updated
Last updated
Rho Markets is the first native lending protocol on the Scroll ecosystem, based on an overcollateralized lending model backed by the Scroll team. Rho aims to be the biggest liquidity layer in the Scroll ecosystem. Beyond its accessible lending solution, Rho collaborates with Sign Protocol and Plaid to transform the on-ramping process using TLS and ZK technology.
As the Scroll ecosystem expands, Rho is poised to become a central liquidity layer, supporting ongoing projects and emerging Layer 3 solutions on the Scroll platform.
We’re laser-focused on juicing up the Scroll ecosystem because that’s where the future’s at—no distractions, just pure DeFi innovation. We're not just playing in the game; we aim to redefine it. Rho is on track to become Scroll’s unified liquidity layer. That means we’re going all-in to serve Scroll, catering to every corner of its ecosystem, including the explosive Layer 3s that are yet to come. We’re here to streamline, strengthen, and skyrocket liquidity across Scroll’s entire landscape.
Scroll is a groundbreaking zkEVM (Zero-Knowledge Ethereum Virtual Machine) that utilizes zkSNARK-proof algorithms. This not only ensures privacy and scalability but also makes Scroll inherently developer-friendly.
From a technical standpoint, Scroll is the most secure ZK L2 solution. With the emergence of more L2 solutions, more DeFi protocols will move to L2.
Security and cost efficiency are the two key factors for DeFi to build on L2, and Scroll has significant advantages in both aspects. For Rho Markets, this means we can develop a Market that guarantees low fees, fast confirmations, and an optimized environment for deploying complex DeFi applications.
As Scroll's inaugural native lending protocol, Rho has benefitted from substantial support from the Scroll team. This includes funding, partnership facilitation, and technical innovation. We've also formed initial strategic collaborations with numerous native Scroll projects, such as PenPad, Dapdap and so on.
Rho Markets primarily offers lending services for users, including LRT assets as well as mainstream assets like ETH and wBTC.
Additionally, users can stake $RATE to earn higher yields. Through multiple yield layers, the staking APR can reach up to 50%.
Apart from the basic services, Rho Markets stands out as a leading lending protocol in the Scroll ecosystem, with the following features and functionalities:
Asset Custody: Leveraging Rho Markets's non-custodial architecture, users retain complete control over their digital assets while participating in lending activities.
User-Friendly Experience: Rho Markets provides a user-friendly interface and greatly simplifies the lending experience. Designed to be intuitive from the start, both novice and experienced users can effortlessly lend and borrow digital assets.
Robust Security: Security is at the core of Rho Markets's design philosophy. The protocol employs robust security measures to protect user funds. By prioritizing security, the Rho Market community can confidently lend and borrow digital assets.
On-Chain Governance: Any changes or updates to the Rho Markets protocol require on-chain governance proposals. This ensures alignment with community interests and eliminates single points of failure. As a result, Rho Markets exhibits greater resilience and can withstand potential disruptions.
RWA Integration: Through integration with the Sign Protocol and Plaid, Rho Markets facilitates lending, repayment, and liquidation processes with funds directly from USD bank accounts, thereby significantly lowering the barriers to entry from the traditional web2 space.
