New York, NY, September 04, 2024 (GLOBE NEWSWIRE) — Rocka new marketplace for accessing the best crypto-backed loans, has officially launched! Crypto owners can now use Rocko to quickly secure loans using their crypto assets as collateral, avoiding the need to sell their holdings. Users can access competitive rates from leading DeFi protocols, starting with Compound, and set up a loan in minutes, regardless of their level of expertise.
DeFi lending protocols like Compound and Aave offer lower interest rates and more flexible terms for crypto-backed loans than many centralized lenders. However, they are often considered difficult to use. Rocko’s platform solves this problem by simplifying the borrowing process with an intuitive, step-by-step interface. Users can customize the terms of their loan and select the lending protocol they prefer to borrow from. Once the loan is finalized, a smart wallet is automatically created, which then interacts with the chosen DeFi protocol to execute the loan based on the user’s instructions. Since the wallet is non-custodial, users retain full and exclusive control over their funds.
One of Rocko’s most notable features is its seamless compatibility with major exchanges like Coinbase, Gemini, and Binance—no need for complex Ethereum wallets or seed phrases! Borrowers can receive their USDC loans directly into their exchange accounts, making it easy to convert them into USD for a variety of purposes, such as real estate purchases, debt consolidation, or large purchases. Coinbase users can link their accounts to Rocko, simplifying the process even further.
Rocko offers a comprehensive dashboard where users can manage their loans, track key metrics, borrow additional funds, make payments, and adjust their collateral. Additionally, users can set up SMS or email alerts to monitor collateral values and interest rates. Once repaid, the collateral is automatically returned, along with any rewards earned through protocols like Compound.
Rocko takes security seriously by implementing industry best practices and leveraging trusted solutions. Rocko smart wallets are completely non-custodial, meaning that only users have access to the funds in their wallets. The private key is encrypted and stored in a secure enclave provided by Turnkey, accessible only by the wallet owner. Rocko smart wallets are built with Kernel, a highly audited and trusted modular smart account. Additionally, many DeFi protocols, including Compound, do not allow re-hypothecation of assets. This means that when you take out a loan through Rocko, your collateral is not lent to other borrowers. Instead, it is locked in a smart contract until you repay your loan.
Rocko was founded by a team of experienced fintech founders who have built and launched innovative consumer financial products in TradFi and Web3 such as the Gemini Credit Card, Goldman Sachs’ MarcusPay, and Ondo Finance. Rocko’s original idea was born out of their own frustration with how difficult DeFi was to use despite the great value it offered. Their vision is to create a single marketplace connecting all of DeFi that allows borrowers to easily access the best rates and liquidity from any number of protocols and networks, using any crypto asset.
Rocko is set to launch a series of exciting new features in the coming months, including support for additional DeFi protocols, networks, and crypto assets. The platform will also introduce tools to automate loan management, so users can borrow with ease and put their loans on autopilot.
To get started with Rocko and get a crypto-backed loan today, visit https://rocko.co.
Model :
Rocko is a new marketplace that connects crypto owners with top DeFi lending protocols, allowing them to quickly and securely access crypto-backed loans. Rocko users can enjoy competitive rates and flexible lending terms, receiving funds directly into their accounts on centralized exchanges or their Ethereum wallets. The company was founded by a team of experienced fintech founders who have built and launched innovative consumer financial products such as the Gemini credit card, Goldman Sachs’ MarcusPay, and Ondo Finance.
Disclaimer: The information provided in this press release does not constitute a solicitation of investment and is not intended to be considered investment advice, financial advice or trading advice. You are strongly advised to conduct your own due diligence, including consulting a professional financial advisor, before investing or trading in cryptocurrencies and securities.
