PANews reported on February 5 that according to the announcement of Rho Labs, Rho Protocol has completed a seed round of financing of US$4 million, led by CoinFund, with participation from Auros, Flow Traders and Speedinvest. Rho Protocol is the first native crypto interest rate market, providing perpetual contract financing, staking and lending rate transactions.

Since the launch of the Beta version in June 2024, Rho has facilitated over $7 billion in trading volume, focusing on efficient interest rate derivatives trading and providing risk management tools for institutions, ETF issuers and stablecoins. The financing will be used to expand trading functions and institutional cooperation, and promote the maturity of the crypto financial market.