# Welcome to Rho Markets
## Rho Markets, The native liquidity layer on Scroll 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. ## Why Scroll? 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.
## Core Services of Rho Markets 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.
# Rho Loyalty Rewards Program & Rho Pets Rho Markets has announced the launch of a Loyalty Rewards Program. The program aims to create an accounting system that can be used to distribute future rewards in the form of RATE tokens earned through participation in the Scroll ecosystem. \ *PR Article is following:* [https://rhomarkets.medium.com/loyalty-points-rewards-program-chapter-1-796ad718fa53
](https://rhomarkets.medium.com/loyalty-points-rewards-program-chapter-1-796ad718fa53) Rho XP measures not only user engagement but also protocol participation. With this in mind, we anticipate that in the decentralized governance of Scroll in the future, the protocol will airdrop tokens similar to what has happened in Scroll. If such potential airdrops occur, we will use RXP as the distribution system to allocate them fairly to the holders. ### Rho XP Loyalty Points (RXP) To reward early contributors in the fairest way possible, we introduce Rho XP Loyalty Points (RXP). These will be soul-bound ERC-20 tokens that will be proportionally allocated to users of the lending and staking protocols. You can earn Rho XP by staking $RATE or borrowing assets from the Rho Markets lending pool. When a milestone is reached, Rho XP will be distributed to users directly tied to the total borrowing in the protocol.
The Loyalty Rewards Program will be divided into 3 phases. The first phase is the testing phase, which will officially launch our testnet product in mid-May. Points will be distributed to users who interact/support our DC community/invite more friends to join on Rho Markets. The second/third phase is the mainnet phase, during which Rho XP will be allocated as follows: * Proportional to $RATE stakers * Proportional to borrowers The more you stake or borrow and the longer you hold, the more RXP you can earn. To encourage loyal users and the growth of our protocol, we will set protocol milestones. As the protocol's locked-in value and interactions increase, for each milestone reached, we will proportionally distribute another round of RXP to users who have already earned points before the snapshot. We will provide more details on this later. ### How to get RXP in mainnet stage 1? You can supply different assets in the LP that we suppoeted, and you will adopte the Rho Pet, Pet will generate RXP every seconds, Pet will also level up once he get enough RXP, more details please read "RHO WORLD" part. ### Why SBT? The choice to use soul-bound ERC-20 tokens is to ensure that they cannot be traded on secondary markets as they currently hold no value. RXP will allow us to track community contributions to the protocol and distribute rewards fairly in the future. ### Different Stages (1-3) Our Loyalty Rewards Program will consist of three stages: the testing phase, mainnet phase 1, and mainnet phase 2.\ \ During the testing phase, we will encourage users to invite new users and interact with our product to receive a portion of the airdrop.\ \ In mainnet phase 1, we will allocate points based on the user's supply rate, borrow rate, and the number of users they invite. In the third phase, we will introduce our pet NFTs and team mode to make our airdrop activities more fun and engaging. # Get Start **The Rho Markets Testnet is launched May 7, this is the guide that how to do the interaction on Rho protocol.** Enter
Step 1: Connect with your wallet
Step 2: Select Scroll Sepolia
Step 3: Go to “Faucet” page to claim your testing tokens
# Lend Step 1: Go to “Dashboard” page and put number on “Supply”
Step 2: Approve and confirm in your wallet
Step 3: Click Withdraw and confirm

# Borrow Step 1: Click “borrow” bottom, put the number in and click “Borrow”
Step 2: Click “Repay” bottom, put the number and click “Repay”
# Yielding Structure Yielding
## How's lending works * Rho Markets offers a money market system that operates on an over-collateralization model, providing users with a simplified and structured process to supply assets, secure loans, and earn rewards in the form of RATE tokens. * When users contribute liquidity to Rho Markets, they are awarded LP Tokens. These tokens represent the users' stake in the loan pool and their value increases gradually over time due to the accumulation of interest. This means that the longer users keep their assets in the loan pool, the more their LP Tokens appreciate in value. * When users decide to settle their loans, they can exchange their LP Tokens for their original deposit, which has now grown in value. This incentivizes users to actively participate in the market and contribute liquidity, as they can benefit from the appreciation of their assets. * To initiate a loan, borrowers will automatic activate the 'collateral switch' feature. This allows borrowers to use their deposited assets as collateral, enabling them to borrow funds in proportion to the value of their assets. For example, if a user deposits ETH and activates the collateral switch, their ETH is converted into rETH, which represents the borrowing power they have within the market * The over-collateralization model ensures that borrowers' loans are secured by assets of equal or greater value. This mitigates the risk of default and provides stability to the lending process. Additionally, it protects lenders' funds by ensuring that borrowers have sufficient collateral to cover their loans.
### Real Yield Layer * RATE / ETH Pair will be in DEX and we incentive people who add liquidity and do swaps, all trading fees will return back to LP, and people who add liquidity can mining out more $RATE * We support LRT Asset like pufETH / ezETH and so on, stake or supply LRT Assets in Rho Markets can have multi-layers of yields from EigenLayer and other LRT protocols * Scroll Points + Rho Points will be added with all operations including supply / borrow # Credit Limit & Liquidation The term "Credit Limit" in the context of Rho Markets refers to the maximum amount of funds that users can borrow based on the collateral they provide. It represents the upper boundary of the borrowing capacity within the system. When users activate the 'collateral switch' feature and provide assets as collateral, the value of these assets determines the credit limit that they can access. The higher the value of the collateral, the larger the credit limit will be. The credit limit serves as a safeguard to ensure that borrowers have adequate collateral to secure their loans. It helps maintain the stability of the lending process and reduces the risk of default. By setting a credit limit, Rho Markets can ensure a responsible borrowing and lending environment for all participants.
"Credit Limit" is calculated using the formula: $$ ∑User Market Total Supplied in USD \* Collateral Factor $$ Let's consider an example where a user deposits $1000 worth of USDC as collateral in the Rho Markets protocol. The collateral factor assigned to USDC is 60%. * To calculate the "Credit Limit", we use the following formula: $$ Credit Limit =(User Market Total Supplied in USD) (Collateral Factor) $$ * In this case, the credit limit would be: Credit Limit = $1000 0.6 = $600 * Therefore, based on this example, the credit limit for the user would be $600. This means that the user can borrow funds up to a maximum of $600, depending on their borrowing needs and the available collateral. * It's important to note that the credit limit helps maintain a responsible borrowing environment and ensures that borrowers have sufficient collateral to secure their loans. ### Understanding Credit Remaining "Credit Remaining" refers to the amount of credit or funds that are available for a user to borrow. A higher "Credit Remaining" indicates a healthier collateral ratio and provides a safer margin against potential liquidation. On the other hand, a lower "Credit Remaining" suggests a higher risk of liquidation. When the "Credit Remaining" drops to $0 or 0%, the risk of liquidation becomes significant. Monitoring the "Credit Remaining" closely is crucial to avoid reaching a point where there is no remaining credit available. Maintaining a sufficient "Credit Remaining" is essential for managing loans effectively and mitigating the risk of liquidation. By ensuring a healthy margin between the borrowed funds and the collateral value, users can maintain a more stable and secure position within the Rho Markets protocol. The value of "Credit Remaining" is calculated using the formula: $$ (∑User Market Total Supplied in USD \* Collateral Factor) - User Total Borrowed in USD $$ Let's consider an example where a user deposits $1000 worth of USDC as collateral in the Rho Markets protocol. The collateral factor assigned to USDC is 60%. The user decides to borrow $100 of USDC. * Step 1: Calculating the "Credit Limit"
The credit limit is determined by multiplying the total amount of collateral supplied by the user in USD with the collateral factor. Credit Limit = (User Market Total Supplied in USD) (Collateral Factor) Credit Limit = $1000 0.6 = $600 * Step 2: Calculating the "Credit Remaining"
The credit remaining is obtained by subtracting the total amount borrowed by the user in USD from the credit limit. Credit Remaining = Credit Limit - User Total Borrowed in USD Credit Remaining = $600 - $100 = $500 In this example, after borrowing $100 of USDC, the user's "Credit Remaining" decreases to $500. It's important to note that if the remaining credit drops to a value of $0, it puts the user's position at risk of liquidation. \ \ Therefore, monitoring the "Credit Remaining" is crucial to ensure a safe margin against potential liquidation and to maintain a stable borrowing position within the Rho Markets protocol. The percentage of "Credit Remaining" is calculated using the formula: `[(∑User Market Total Supplied in USD * Collateral Factor) - User Total Borrowed in USD] / (∑User Market Total Supplied in USD * Collateral Factor)` Let's consider an example where a user deposits $1000 worth of USDC as collateral in the Rho Markets protocol. The collateral factor assigned to USDC is 60%. The user decides to borrow $100 of USDC. * Step 1: Calculate the "Credit Limit"
The credit limit is determined by multiplying the total amount of collateral supplied by the user in USD with the collateral factor. Credit Limit = (User Market Total Supplied in USD) (Collateral Factor) Credit Limit = $1000 0.6 = $600 * Step 2: Calculate the percentage of "Credit Remaining"
The percentage of credit remaining is obtained by dividing the difference between the credit limit and the total amount borrowed by the user in USD by the credit limit, and then multiplying by 100. Credit Remaining = Credit Limit - User Total Borrowed in USD / (Credit Limit) 100 Credit Remaining = \[$600 - $100] / ($600) 100 = 83.3% In this example, after borrowing $100 of USDC, the user's "Credit Remaining" decreases to 83.3%. It's important to note that if the "Credit Remaining" drops to 0%, it puts the user's position at risk of liquidation. Therefore, monitoring the percentage of "Credit Remaining" is crucial to ensure a safe margin against potential liquidation and to maintain a stable borrowing position within the Rho Markets protocol. To minimize the risk of liquidation, borrowers must prioritize certain measures and regularly monitor their "Credit Remaining." Liquidation occurs when a borrower fails to meet their loan obligations, leading to the sale of their collateral assets to repay the debt. To avoid liquidation, borrowers should ensure that their "Credit Remaining" remains above a value of $0 and stays above 0% by implementing the following strategies: 1. Loan Repayments: Making timely and regular loan repayments is crucial as it helps maintain a positive "Credit Remaining." By repaying the borrowed funds, borrowers reduce their debt and increase their credit margin, lowering the risk of liquidation. 2. Supplying Additional Collateral: Borrowers can mitigate the risk of liquidation by providing additional collateral. Adding more collateral to the lending pool increases the credit limit and expands the available "Credit Remaining." This additional collateral acts as a buffer, providing a safer margin against potential liquidation. By implementing these strategies, borrowers can actively manage their borrowing positions within the Rho Markets protocol, reducing the risk of liquidation and ensuring a more secure and stable borrowing experience. Regular monitoring of the "Credit Remaining" is essential to take proactive steps and maintain a healthy collateral position. # Interest Rate Model ### Borrow APR The interest rate model for borrowed assets can be calculated using the following formula: ``` = Base + Multiplier * min(UtilizationRate, Kink) + max(JumpMultiplier * UtilizationRate - Kink, 0) ``` ### Supply APR The interest rate model for supplying assets can be calculated using the following formula: ``` = Distribute (Interest Paid by Borrowers Per Block - Reserve) to all suppliers, and convert it into APY = Distribute [(1 + Borrow APY) ^ (1 / BlocksPerYear) - 1] * Total Borrow * (1 - Reserve Factor) to all suppliers, and convert it into APY = {[(1 + Borrow APY) ^ (1 / BlocksPerYear) - 1] * Total Borrow * (1 - Reserve Factor) / Total Supply}, and convert it into APY = {1 + [(1 + Borrow APY) ^ (1/BlocksPerYear) - 1] * Total Borrow * (1 - Reserve Factor) / Total Supply} ^ BlocksPerYear - 1 ``` # Collateral and Reserves | TOKEN | Max LTV | RESERVE FACTOR | | ------- | ------- | -------------- | | USDC | 70% | 10% | | USDT | 70% | 10% | | STONE | 50% | 10% | | USDe | 70% | 10% | | solvBTC | 70% | 10% | | wstETH | 70% | 10% | | wezETH | 70% | 10% | | weETH | 70% | 10% | | wrsETH | 60% | 10% | ### rToken One important feature of Rho Markets is the "Rho Markets Interest-Bearing Token" (also known as "rTokens"). When you deposit in the Rho Markets protocol, you receive a corresponding amount of rTokens, which are pegged 1:1 to the underlying asset. rTokens generate interest directly in your wallet, so you can see your balance growing every second. This means you can choose to receive this interest in any Ethereum address. ### collateral and reserve mechanisms Rho Markets has implemented the collateral and reserve mechanisms used by Compound Finance. Each supported asset on Rho Markets is integrated through rToken contracts. rTokens are tokens that comply with the EIP-20 standard and represent the user's asset balance provided in the protocol. By minting rTokens, users can (1) earn interest based on the rToken's exchange rate, which appreciates relative to the underlying asset, and (2) use rTokens as collateral. rTokens are the primary means of interacting with the Rho Markets protocol. Users can perform operations such as minting, redeeming, borrowing, repaying borrowings, liquidating borrowings, or transferring... # Rho Markets Contract Overview ## **Introduction** Rho Markets is a decentralized lending protocol that allows users to borrow and supply crypto assets. The core mechanisms include supply, borrowing, liquidation, and governance. Users earn interest by supplying assets or pay interest when borrowing assets. ## **Core Contracts** ### **Comptroller** * The Comptroller is the main management contract in Rho Markets, responsible for: * Managing the addition and removal of markets * Setting borrowing and liquidation parameters * Calculating user liquidity and health factor * Distributing RATE token rewards * \[WIP] #### **Global Factors** Global factors are common parameters that apply to the entire Rho Markets protocol. These are usually set at the governance level and affect all assets. The main global factors include: * **Reserve Factor**: * Determines the portion of each interest payment that is reserved into the protocol’s reserves. * For example, if the reserve factor is 10%, then 10% of each interest payment is reserved, and the remaining 90% is distributed to suppliers. * **Close Factor**: * Determines the maximum portion of a borrower’s debt that can be repaid during liquidation. * For example, if the close factor is 50%, then liquidators can repay up to 50% of the borrower’s debt. * **Collateral Factor**: * Determines the proportion of an asset’s value that can be borrowed. * For example, if the collateral factor is 75%, an asset worth $100 can be used to borrow up to $75 of other assets. * **Liquidation Incentive**: * Determines the reward given to liquidators during liquidation. * For example, if a token has a liquidation incentive of 110%, liquidators can buy collateral at a 10% discount during liquidation. | **Factor Type** | **Reserve Factor** | **Close Factor** | **Collateral Factor** | **Liquidation Incentive** | | ----------------- | ------------------ | ---------------- | --------------------- | ------------------------- | | **Global Factor** | 0.02 | 0.02 | 1.5 | 1.1 | **Precision of Factors**In smart contract programming, using fixed precision is a common practice to ensure the accuracy of numerical operations.All factor values are specified with a precision of **1e18**. This means that the factor values are multiplied by 1e18 to avoid precision issues that arise from floating-point arithmetic in smart contracts. For example, if the reserve factor is 10%, the value set in the contract would be **0.1 \* 1e18 = 1e17** ### **RToken** **RToken** contracts represent the lending markets for each asset, such as rETH, rUSDC, etc. Key functions include: 1. **mint**: Supply underlying assets to the protocol and receive rTokens 2. **redeem**: Redeem underlying assets 3. **borrow**: Borrow underlying assets 4. **repayBorrow**: Repay borrowed assets #### **Asset** **Per-Token Factors** Each token has its own unique `factor` settings, which determine the behavior and risk parameters of that specific token within the protocol. **Reserve Factor** Each token can have its own reserve factor, determining the portion of its interest payments that go into the reserves. **Collateral Factor** * Determines the proportion of that specific token's value that can be borrowed. * High-risk assets typically have lower collateral factors, while low-risk assets have higher collateral factors. **Seize Share:** * Determines the portion of seized collateral that is distributed to liquidators during the liquidation process. * For example, if the seize share is 2.8%, it means that liquidators receive 2.8% of the seized collateral as a reward. **Borrow And Supply Caps** Borrow and supply caps are limits set on the amount of a specific asset that can be borrowed or supplied within the protocol. These caps help manage risk by preventing excessive borrowing or supplying of a particular asset, which can lead to liquidity or volatility issues. | **Assets** | **Reserve Factor** | **Collateral Factor** | **Supply Caps** | **Borrow Caps** | **Seize Share** | | ------------ | ------------------ | --------------------- | --------------- | --------------- | --------------- | | **rETH** | 0.075 | 0.7 | 4500e18 | 3500e18 | 0.028 | | **rSTONE** | 0.075 | 0.7 | 5000e18 | 100e18 | 0.028 | | **rUSDC** | 0.075 | 0.7 | 10000000e6 | 5000000e6 | 0.028 | | **rUSDT** | 0.075 | 0.7 | 10000000e6 | 5000000e6 | 0.028 | | **rwstETH** | 0.075 | 0.7 | 4000e18 | 2000e18 | 0.028 | | **rsolvBTC** | 0.075 | 0.7 | 300e18 | 0 | 0.028 | | **rweETH** | 0.075 | 0.7 | 1000e18 | 300e18 | 0.028 | | **rwrsETH** | 0.075 | 0.7 | 1500e18 | 100e18 | 0.028 | | **rUSDe** | 0.075 | 0.7 | 10000000e18 | 100e18 | 0.028 |
### **InterestRateModel** The InterestRateModel contract defines the interest rate model for each market. Rates adjust dynamically based on the utilization rate of the market to balance supply and demand.**Note:** For deployments on the Scroll network, the **`blocksPerYear`** parameter should be adjusted to account for Scroll's faster block times, which are four times faster than Ethereum. Therefore, the **`blocksPerYear`** should be set to **9556363** #### **JumpRateModel** The **JumpRateModel** is a specific type of interest rate model used in some Rho markets. It features a "jump" in the interest rate at a certain utilization point, which helps maintain liquidity. This model has three key parameters: * **Base Rate:** The interest rate when the utilization is 0%. * **Multiplier:** Determines the increase in the interest rate as utilization increases. * **Jump Multiplier:** A higher rate that applies once utilization surpasses a certain threshold, incentivizing more liquidity supply. * **Kink**: The utilization point at which the jump multiplier is applied | **Assets** | **BaseRatePerYear** | **MultiplierPerYear** | **JumpMultiplierPerYear** | **kink** | **address** | | ------------ | ------------------- | --------------------- | ------------------------- | -------- | ----------------------------------------------------------------------------------------------------------------------- | | **rETH** | 0.02 | 0.02 | 1.5 | 0.9 | [0x246bFFD3c58688EAA915de0A59d0c04424f9aafC](https://scrollscan.com/address/0x246bFFD3c58688EAA915de0A59d0c04424f9aafC) | | **rSTONE** | 0.02 | 0.03 | 3.5 | 0.7 | [0x98e90a584B99AC437D8535E3B265c54E6DD2eCcb](https://scrollscan.com/address/0x98e90a584B99AC437D8535E3B265c54E6DD2eCcb) | | **rUSDC** | 0.02 | 0.03 | 1.5 | 0.9 | [0xfb2cb244c950681ED8CF8AdB2ddF69423486Bb98](https://scrollscan.com/address/0xfb2cb244c950681ED8CF8AdB2ddF69423486Bb98) | | **rUSDT** | 0.02 | 0.03 | 1.5 | 0.9 | [0xfb2cb244c950681ED8CF8AdB2ddF69423486Bb98](https://scrollscan.com/address/0xfb2cb244c950681ED8CF8AdB2ddF69423486Bb98) | | **rwstETH** | 0.02 | 0.03 | 3.5 | 0.7 | [0xfb2cb244c950681ED8CF8AdB2ddF69423486Bb98](https://scrollscan.com/address/0xfb2cb244c950681ED8CF8AdB2ddF69423486Bb98) | | **rsolvBTC** | 0.02 | 0.03 | 3.5 | 0.7 | [0x98e90a584B99AC437D8535E3B265c54E6DD2eCcb](https://scrollscan.com/address/0x98e90a584B99AC437D8535E3B265c54E6DD2eCcb) | | **rweETH** | 0.02 | 0.03 | 3.5 | 0.7 | [0x98e90a584B99AC437D8535E3B265c54E6DD2eCcb](https://scrollscan.com/address/0x98e90a584B99AC437D8535E3B265c54E6DD2eCcb) | | **rwrsETH** | 0.02 | 0.03 | 1.5 | 0.9 | [0x98e90a584B99AC437D8535E3B265c54E6DD2eCcb](https://scrollscan.com/address/0x98e90a584B99AC437D8535E3B265c54E6DD2eCcb) | | **rUSDe** | 0.02 | 0.03 | 3.5 | 0.7 | [0x98e90a584B99AC437D8535E3B265c54E6DD2eCcb](https://scrollscan.com/address/0x98e90a584B99AC437D8535E3B265c54E6DD2eCcb) | ### **PriceOracle** The PriceOracle contract provides price information for market assets, used to calculate borrowing and liquidation eligibility. * **getGracePeriodTime:** Returns the grace period time set for price feeds. * **getFreshCheck:** Returns the threshold time for considering a price feed as “fresh”. * **getSequencerUptimeFeed:** Returns the address of the sequencer uptime feed used to check if the sequencer is up * **getChainlinkPriceFeed:** Returns the Chainlink price feed address for a given RToken * **getChainlinkPrice:** Fetches the latest Chainlink price for a given RToken * **getPrice(RToken rToken):** Returns the current price for the specified RToken using the highest priority oracle * **getUnderlyingPrice:** Returns the underlying asset’s price for the specified RToken
### **Token Contract Addresses** | **Contract** | **Address** | | ------------------------ | ---------------------------------------------------------------------------------------------------------------------------- | | **Comptroller** | [0x8a67AB98A291d1AEA2E1eB0a79ae4ab7f2D76041](https://scrollscan.com/address/0x8a67AB98A291d1AEA2E1eB0a79ae4ab7f2D76041#code) | | **Rho Markets rETH** | [0x639355f34Ca9935E0004e30bD77b9cE2ADA0E692](https://scrollscan.com/address/0x639355f34Ca9935E0004e30bD77b9cE2ADA0E692#code) | | **Rho Markets rSTONE** | [0xAD3d07d431B85B525D81372802504Fa18DBd554c](https://scrollscan.com/address/0xAD3d07d431B85B525D81372802504Fa18DBd554c#code) | | **Rho Markets rUSDC** | [0xAE1846110F72f2DaaBC75B7cEEe96558289EDfc5](https://scrollscan.com/address/0xAE1846110F72f2DaaBC75B7cEEe96558289EDfc5#code) | | **Rho Markets rUSDT** | [0x855CEA8626Fa7b42c13e7A688b179bf61e6c1e81](https://scrollscan.com/address/0x855CEA8626Fa7b42c13e7A688b179bf61e6c1e81#code) | | **Rho Markets rwstETH** | [0xe4FC4C444efFB5ECa80274c021f652980794Eae6](https://scrollscan.com/address/0xe4FC4C444efFB5ECa80274c021f652980794Eae6#code) | | **Rho Markets rsolvBTC** | [0x8966993138b95b48142f6ecB590427eb7e18a719](https://scrollscan.com/address/0x8966993138b95b48142f6ecB590427eb7e18a719#code) | | **Rho Markets rweETH** | [0x65a5dBEf0D1Bff772822E4652Aed2829718DC43F](https://scrollscan.com/address/0x65a5dBEf0D1Bff772822E4652Aed2829718DC43F#code) | | **Rho Markets rwrsETH** | [0x52Fef2B9040BA81e40421660335655D70Fe8Cf03](https://scrollscan.com/address/0x52Fef2B9040BA81e40421660335655D70Fe8Cf03#code) | | **Rho Markets rUSDe** | [0x5fF1926507f6e71bFbd5f9897fBaeF021E2F77CA](https://scrollscan.com/address/0x5fF1926507f6e71bFbd5f9897fBaeF021E2F77CA#code) | | **Price Oracle** | [0x653C2D3A1E4Ac5330De3c9927bb9BDC51008f9d5](https://scrollscan.com/address/0x653C2D3A1E4Ac5330De3c9927bb9BDC51008f9d5#code) | # Rho World Intro When they arrived at Rho World, they were captivated by this magical world. In this fantastical marketplace, they discovered a whole new adventure. This world was filled with a variety of mystical pets, each with their own unique abilities and traits.
As Roners, their mission was to collect these pets and level them up by earning experience points. With each level their pets gained, they became stronger, acquiring new skills and abilities. This filled them with excitement because they knew that with these powerful pets, they would be able to showcase their abilities in the epic battles of Rho World.
But Rho World was not just an individual adventure; it was a united community. Roners came together to solve the challenges of Community Quests. These challenges were massive and formidable, requiring teamwork and intelligence to overcome. Each victory rewarded them with valuable prizes and a sense of accomplishment.
### What is Rho World and Rho Pets? > In Rho World, there exists a fascinating animal kingdom. This kingdom, discovered by the Wonderers, is their cherished home. It is a realm filled with a diverse array of magical creatures known as Rho Pets. > > These Rho Pets are the primary inhabitants of the kingdom, each possessing unique characteristics and abilities. Some Rho Pets are brave and mighty warriors, safeguarding the kingdom's safety. Others are intelligent and nimble explorers, leading the Wonderers in uncovering uncharted territories. There are also friendly and gentle protectors, caring for every creature within the kingdom. > > As a Wonderer, you embark on an exhilarating adventure, exploring the animal kingdom alongside these extraordinary Rho Pets. You establish profound connections with them, facing challenges and solving difficulties together. Through interaction and collaboration with Rho Pets, you discover your own potential for growth, becoming a hero within the kingdom. > > Within this animal kingdom, you encounter a myriad of creatures, each with its own unique story and characteristics. You share your adventure experiences with fellow Wonderers, exchanging wisdom and experiences. Together, you protect and nurture this beautiful kingdom, creating a joyful and harmonious realm. # Referral Referral Codes Joining with a Referral Code Referral URLs and codes are available to everyone. If you have a referral code, please enter it during the registration process. The app will verify it before allowing you to proceed with the rest of the onboarding flow. Only new Rhoers are eligible to join with a referral code. If you have already joined Rho World, you will not be able to input a referral code retroactively. Your Referral Code Upon joining Rho World, you will automatically receive a unique referral URL and code. Feel free to share this with your friends to encourage them to join Rho World using your code. # Pets and Rho Royalty Points(RXP)
**Q: What is the requirement to activate the asset pet system on Rho?** A: Users need to supply at least 0.05 ETH or an equivalent amount in Stablecoin. **Q: How are points accumulated in the asset pet system?** A: For every additional 1 USDT amount staked, users accumulate an extra 1 point per day. Points are updated every 4 hours.
**Q: Are there any benefits for users who supply a significant amount of assets?** A: Yes, users who supply more than 0.1 ETH will receive an exclusive invitation code. If a user invites others who then supply at least 0.05 ETH, the inviter receives 5% of the invited person's points. **Q: How do borrowing activities contribute to the asset pet system?** A: Borrow users accumulate 1 point per day for every 1 USDT (or equivalent ETH) borrowed. However, borrowing ETH by invited users does not count as an invitation reward.
**Q: How are points utilized in the system?** A: Accumulated points contribute to the user's position on the leaderboard and also determine the level of the user's pet. Pet levels can increase with the supply of assets, with a maximum level cap of 99. Higher-level pets unlock more benefits. # Rho World
### When the Roners stepped into the magical world of Rho World, they discovered a kingdom full of wonders and surprises. This kingdom, discovered by the Wonderers, was cherished as their own home. The animal kingdom in Rho World is a diverse ecosystem consisting of various regions, including dense forests, majestic mountains, azure oceans, and mysterious caves. Each area harbors its unique wildlife and environment, providing Roners with endless opportunities for exploration and adventure.
In this animal kingdom, Rho Pets reign as the primary inhabitants. They are mystical creatures, each possessing unique appearances and abilities. Some Rho Pets wield the power of fire, capable of spewing fierce flames; others command the power of water, controlling the tides and currents; and yet others harness the power of earth, manipulating the energies of the land. Additionally, the nebulae in Rho World are breathtaking natural wonders. These colorful nebulae float in the universe, composed of gases and dust, forming unique shapes and colors. Roners can explore the depths of the cosmos, discovering and studying these mysterious nebulae, unraveling their secrets. Roners can travel through the stars, exploring the mysteries of the universe and other planets. They may encounter other intelligent life forms, exchanging knowledge and cultures, or making surprising new discoveries.
Roners forge deep bonds with these mystical Rho Pets. Through interaction and cooperation with Rho Pets, they face various challenges and adventures together. Roners can collect and train Rho Pets, enhancing their abilities and levels. As Rho Pets grow, they become stronger and acquire new skills and techniques.
In addition to interacting with Rho Pets, Roners can communicate and collaborate with other Wonderers. They share adventure experiences, exchange wisdom and knowledge, and work together to protect and nurture the animal kingdom. Through teamwork, they can overcome the challenges of community tasks, gaining valuable rewards and a sense of achievement.
In Rho World, different factions represent different values and belief systems. These factions may consist of different species, cultures, or ideologies. While they have their unique characteristics and goals, they may also cooperate or compete, influencing the political, economic, and social landscape of Rho World. Roners can choose to join a faction, participating in the disputes or cooperation between factions, shaping their destiny in Rho World.
Rho World is a world full of friendship, unity, and adventure. Roners will establish their legends through bonds with Rho Pets, protecting and nurturing this beautiful animal kingdom. Whether exploring dense forests, climbing majestic mountains, delving into mysterious caves, or exploring the fantastical nebulae, they will create their own stories in this world full of surprises and wonders. # Lido - Astra
In the mysterious land of Rho World, there is a special pet named Astra. Astra is an intelligent and agile dog with fur that shimmers like gemstones, symbolizing the Lido token in the Lido project. As the embodiment of the Lido project, Astra serves as the financial mentor and guardian of the residents. It leads them into the magical world of Lido Staked Derivatives (LSD) and Lido Staked Tokens (LST). LSD represents the staked derivatives in the Lido project. Residents can stake their digital assets in the Lido project and receive LSD tokens, which represent their staked shares. Through LSD tokens, residents can participate in a wider financial market and earn additional rewards and liquidity. On the other hand, LST represents the staked tokens in the Lido project. When residents stake their ETH in the Lido project, they receive corresponding LST tokens. These LST tokens represent their staked shares in the Ethereum 2.0 network and can be traded and utilized within the Ethereum ecosystem. As the embodiment and mentor of Astra, it helps residents understand and utilize the concepts of LSD and LST. With its wisdom and insight, Astra guides residents to participate in the staked derivatives market, explore the potential of the Lido project, and gain more liquidity and returns within the Ethereum ecosystem. Astra is the loyal companion and financial mentor of the residents in Rho World. Its presence brings more opportunities and possibilities for the residents to achieve financial freedom and growth in the digital world. Together with Astra, residents can explore the world of the Lido project, LSD, and LST, discover the infinite potential of digital assets, and create a prosperous and opportunity-filled Rho World. * Attributes: Astra is an intelligent and agile dog with fur that shimmers like gemstones, symbolizing the Lido token in the Lido project. Its fur can display various magnificent colors, representing different staked shares in the Lido project. * Habitat: Astra resides in the Lido Oasis, a beautiful and magical place in the mysterious land of Rho World. Lido Oasis is surrounded by azure waters and lush forests, where residents can interact with Astra and learn from it. * Personality: Astra is a friendly and clever pet. It enjoys interacting with residents and uses its wisdom and insight to help them understand the concepts of LSD and LST. Astra is loyal and patient, willingly answering residents' questions and encouraging them to explore the potential of digital assets and achieve financial freedom. In addition to being a financial mentor, Astra possesses a special ability: it can create a magical effect using its shimmering fur, helping residents better comprehend the workings and potential of the Lido project. When Astra displays this magical effect, its fur transforms into a dazzling array of colors, bringing surprise and delight to the residents. # ETH - Nebo
In the realm of Rho World, there exists a mysterious pet called Nebo. Nebo is a majestic dog surrounded by shimmering nebula, representing the digital essence of Ethereum. * Habitat: Nebo resides in the Ethereum Nebula, a place filled with mystery and enchantment. The Ethereum Nebula is enveloped by vibrant nebulae and flowing digital energy, allowing the residents to interact and learn from Nebo. * Attributes: Nebo is a pet with mystical powers, emanating a nebula-like aura that symbolizes the digital nature of Ethereum. Its eyes sparkle with wisdom and creativity, giving the residents the power of hope and innovation. Nebo's appearance resembles the legendary Pokémon in the world of Pokémon, making it a highly acclaimed entity in Rho World. * Personality: Nebo is an intelligent and friendly pet. It is curious and adventurous, always eager to help the residents understand the secrets of Ethereum. Nebo possesses unwavering beliefs and selfless dedication, always standing by the residents' side and guiding them towards innovation and success. Despite its mysterious powers, Nebo remains humble and amiable, establishing deep interactions and trust with the residents. * Apart from being the guardian of Ethereum, Nebo possesses a special ability: it can merge with the nebula and unleash powerful energy waves, aiding the residents in better understanding the workings and innovative potential of Ethereum. When Nebo showcases these energy waves, the entire Ethereum Nebula is bathed in bright light, bringing joy and delight to the residents. Nebo's presence brings forth new adventures and explorations for the residents. It leads them to delve into the mysteries of the Scroll and harness the power of zk-rollup, allowing them to deeply understand and experience the wonders and boundless possibilities of Ethereum. Through interaction with Nebo, the residents not only gain wisdom and strength but also create their own legendary stories in Rho World. # StakeStone - Rocko
In the mysterious realm of Rho World, there is a powerful guardian named Rocko. He is a stone giant, towering and mighty, composed of the magical power of the StakeStone token. As the embodiment of the Omnichain project, Rocko is the protector and guardian of the residents. With his sturdy body and immense strength, he ensures the security of StakeStone and the stability of the Omnichain network. The StakeStone token is the core of the Omnichain project, representing the collateral and value of digital assets. Rocko's task is to safeguard the security of these collaterals and ensure the liquidity of LST and Liquidity. LST represents the liquidity token in the Omnichain project. Residents can participate as liquidity providers to inject liquidity into digital assets and earn LST token rewards. Rocko guides the residents to understand the power of LST and helps them utilize liquidity to create more opportunities and value. Liquidity is the treasure that Rocko brings to the residents. By participating in the world of Liquidity, residents can inject their digital assets and bring liquidity and abundant wealth to the entire Rho World. Rocko teaches the residents how to utilize this liquidity, explore the treasures of Liquidity, and embark on a journey of wealth in the digital world. * Rocko is a very friendly and gentle stone giant. Despite his imposing appearance, he cares deeply for the residents and constantly protects their safety. He has a kind heart and is always willing to help those in need. * In addition to safeguarding the security of StakeStone, Rocko has a special attribute, and that is his habitat. He enjoys living in peaceful valleys, harmonizing with nature. His abode is a massive rock cave, providing a warm and comfortable environment that brings tranquility and safety to the residents. * Rocko's character traits are firm and courageous. He never backs down from any challenge and always remains calm and composed. He is a true leader, inspiring the residents to move forward and overcome difficulties. * Despite being a powerful stone giant, Rocko also possesses a kind heart. He enjoys interacting with the residents, sharing his wisdom and experiences. He is always ready to answer the residents' questions and provide help and guidance. * Rocko, as the embodiment and mentor, helps the residents understand and utilize the power of StakeStone, LST, and Liquidity. With his tremendous power, Rocko guides the residents into the magical world of LST, explores the treasures of Liquidity, and helps them achieve financial freedom and prosperity in the digital world. Rocko is the guardian giant and friend of the residents in Rho World. His presence brings more security and protection to the residents, allowing them to explore the magical power of StakeStone, LST, and Liquidity in the digital world, and create their own legends of wealth. Together with Rocko, the residents can embark on a journey filled with power, friendship, and adventure, discovering the unlimited potential of digital assets and creating their own kingdom of digital wealth! # "Lucky" Big Wheel (Coming soon) Users can participate in a one-time Raffle every day. The Raffle offers multiple possibilities, including 1.2X, 1.5X, or 2X boosting on points mining. \ \ However, there may also be options with reduced boosting like 0.8X or 0.5X. After participating in the Raffle, users return to the standard 1X boost for the following day. # QA
When Rho Pet will launch Rho Pet Evolution features will launch in June after we launch in mainnet, Pets will evolve automatically once they reach their evolution level.
What will happened if i withdraw the supplied asset from LP? Rho Pet will auto stopped RXP generate. \ Such as:\ Tangerine currently has a Level 50 Pet in Wallet A, and she withdrew all her assets from the supply pool. Her Pet and all the experience it has gained so far will remain in Wallet A. It will stop earning experience, and consequently stop leveling up, since Tangerine no longer has any assets A in Wallet A. In the Rho Pets game, this means that Tangerine's Pet will cease to grow and cannot reach a higher level. However, she can still interact with her Pet in Wallet A and enjoy its other features and characteristics. If Tangerine wants to continue leveling up her Pet, she needs to ensure that there are enough assets A in the supply pool.
Is early birds have any rewards? During the first months of our mainnet launch, we will progressively introduce a series of assets along with their corresponding pets. We will initiate the RXP (Loyalty Points & Pet Experience) Acceleration Plan, which will maintain approximately 3–5 times the normal rate of point generation for a period of time. This ensures that you can opt to join us early to earn more RXP.
Is RXP will be expired in the certain time? No, they will not. Once a Rhoer, always a Rhoer. Your RXPs and Pets are here to stay through our future seasons. So the longer you hold your Assets and the more Assets you supply into, the bigger your rewards!
Is Rho Pet evolve automotic or manual? Pets will evolve automatically once they reach their evolution level! You do not have to do anything to make your Pet evolve. We are currently working on their evolutions, so stay tuned.
Can I transfer my Rho Pets to other EVM address in Scroll? Rho Pets will be Soul bounded with your address, it's not supported to transfer
# $RATE ## Tokenomics for RATE Coming Soon # Security ## Audits ### 06-2024 Dedaub Audit

Summary of Audit

### For more details, please read the report here: {% embed url="" %} ### Or read from the Audit Page on Dedaub website: {% embed url="" %} ### 09-2024 BlockSec Audit
### For more details, please read the report here: {% file src="/files/mN8XJbs93A7e6SQqiyHf" %} # Media Kit
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