On-chain interest rate market Rho Labs completes $4 million seed round financing, led by CoinFund

ChainCatcher news, Rho Labs, the on-chain interest rate market founded by former Copper Chief Product Officer Alex Ryvkin, has successfully completed a $4 million seed round financing, led by CoinFund, with participation from CoinFund, Flow Traders, and others.

Rho Protocol is the first crypto-native interest rate market, uniquely integrating staking, lending, and perpetual contract funding rate trading on a single platform.

In previous news, Rho Labs announced the completion of a $2.2 million Pre-Seed round financing, led by Speedinvest, with participation from Keyrock, Re7 Capital, Daedalus Collective, and Copper CEO Dmitry Tokarev, among others.