Rho Labs completes $4 million seed round funding, led by CoinFund

According to Rho Labs' announcement, Rho Protocol has completed a seed round financing of $4 million, led by CoinFund with participation from Auros, Flow Traders, and Speedinvest. Rho Protocol is the first native cryptocurrency interest rate market that offers perpetual contract financing, staking, and lending rate trading. Since its beta release in June 2024, Rho has matched over $7 billion in trading volume, focusing on efficient interest rate derivatives trading and providing risk management tools for institutions, ETF issuers, and stablecoins. This financing will be used to expand trading functions and institutional cooperation, promoting the maturity of the cryptocurrency financial market.