Rocko has officially launched as a new marketplace for accessing premier crypto-backed loans! Crypto holders can now utilize Rocko to swiftly secure loans using their crypto assets for collateral, thus eliminating the need to liquidate their investments. Users can avail themselves of competitive rates from top-tier DeFi protocols — starting with Compound — and can establish a loan in minutes, regardless of their proficiency level.
Lending protocols in DeFi, such as Compound and Aave, provide lower interest rates and more flexible terms for crypto-backed loans compared to many traditional lenders. Despite these benefits, usability is often a concern. Rocko addresses this problem by presenting a simplified and user-friendly borrowing experience, featuring an intuitive, step-by-step interface. Users can tailor their loan conditions and choose their preferred lending protocol. Upon finalizing the loan, a smart wallet is automatically generated, which subsequently interacts with the selected DeFi protocol to execute the loan per the user’s instructions. As the wallet is non-custodial, users maintain complete control over their funds.
A notable feature of Rocko is its effortless integration with major exchanges such as Coinbase, Gemini, and Binance — eliminating the need for complicated Ethereum wallets or seed phrases! Borrowers can receive their USDC loans directly into their exchange accounts, streamlining the process for converting to USD for various needs, like purchasing real estate, consolidating debt, or making significant purchases. Coinbase users can easily link their accounts to Rocko for an even smoother experience.
Rocko features a robust dashboard where users can oversee their loans, monitor essential metrics, borrow additional capital, make repayments, and modify their collateral. Users can also set up text or email notifications to stay informed about collateral value and interest rates. Upon loan repayment, the collateral is automatically released, along with any rewards accrued from protocols like Compound.
Prioritizing security, Rocko employs industry-leading practices and trusted solutions. The smart wallets used by Rocko are entirely non-custodial, ensuring that only users can access their wallet funds. The private key is securely encrypted and stored in a safe enclave provided by Turnkey, accessible solely by the wallet’s owner. Rocko’s smart wallets are developed with Kernel, a modular smart account that has undergone extensive auditing. Additionally, many DeFi protocols, including Compound, prohibit the rehypothecation of assets. Thus, when users obtain a loan via Rocko, their collateral is not loaned out to other borrowers; it is held in a smart contract until repayment is made.
Founded by a group of seasoned fintech entrepreneurs who have launched groundbreaking consumer financial products in both traditional finance (TradFi) and decentralized finance (Web3), including the Gemini Credit Card, MarcusPay by Goldman Sachs, and Ondo Finance, Rocko was inspired by their own challenges in navigating DeFi’s complexities despite its significant benefits. Their ambition is to create a single marketplace that connects all of DeFi, making it easier for borrowers to tap into the best rates and liquidity across diverse protocols and networks using any crypto assets.
In the upcoming months, Rocko is poised to introduce a host of exciting new features, including support for more DeFi protocols, networks, and crypto assets. The platform will also unveil tools designed to automate loan management, allowing users to borrow effortlessly and set their loans to run on autopilot.
To begin your journey with Rocko and secure a crypto-backed loan today, visit https://rocko.co.
Boilerplate:
Rocko is a fresh marketplace that links crypto users with optimal DeFi lending protocols, allowing them to swiftly and safely access crypto-backed loans. Users of Rocko can benefit from competitive rates and adaptable loan terms, receiving funds directly into their centralized exchange accounts or Ethereum wallets. The founding team consists of experienced fintech leaders who have developed and launched transformative consumer financial products, such as the Gemini Credit Card, MarcusPay by Goldman Sachs, and Ondo Finance.
Disclaimer: The information included in this press release is not an investment solicitation, nor is it meant to serve as investment advice, financial advice, or trading advice. It is highly recommended that you conduct due diligence, including consulting a professional financial advisor, before engaging in or trading in cryptocurrency and securities.
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