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Rocko, a crypto-loan marketplace, has announced an expanded product offering to meet growing demand for loans. The lending platform enables crypto owners to compare rates and easily secure loans from top DeFi protocols like Aave and Compound.
As cryptocurrencies like Bitcoin reach new all-time highs, the demand for liquidity among crypto holders has surged. Many are reluctant to sell their assets due to potential tax liabilities and the risk of missing out on future appreciation. Instead, crypto owners are looking to platforms like Rocko, where they are able to take out loans using their cryptocurrency as collateral. These loans provide a way to unlock liquidity while preserving the potential for future gains from appreciating crypto investments. Additionally, they can be a smart method to avoid unwanted tax liabilities that typically occur from selling crypto assets.
What is Rocko
Rocko is a crypto-loan marketplace that aggregates the best DeFi protocols and rates across multiple blockchains and networks, making it easier than ever to secure a crypto loan. Think of Rocko as Expedia for getting a crypto-backed loan—a marketplace where you can ensure you’re getting the best rate and terms for your loan. Users can compare interest rates and easily borrow from top DeFi protocols like Aave and Compound across a variety of networks including Ethereum, Base, and Arbitrum.
Designed with everyday crypto owners in mind, Rocko simplifies the borrowing process, making it more accessible for those new to DeFi as well as the pros. The platform’s intuitive interface allows users to sign up and secure funds in just minutes, offering a fast, reliable solution for unlocking liquidity while retaining the potential of their crypto investments.
How It Works
Signing up for Rocko only takes seconds as you can create an account using your existing email, or use Google sign in for an even quicker experience. Once your account is created, you’re able set up your loan in a few quick steps:
Select your loan amount and collateral asset/amount: Borrow as little as 100 USDC, or much more, using Ethereum (ETH), Coinbase Wrapped Bitcoin (cbBTC), Aave (AAVE), Compound (COMP), or six other tokens as collateral.
Compare rates and protocols: Pick the best rate and lending protocol from popular options like Aave and Compound to ensure you're getting the best deal for your loan.
Receive funds and manage your loan: Confirm your choices and have the loan sent to your exchange account or Ethereum wallet, and repay on your own schedule.
When you finalize a loan with Rocko, you’ll receive a self-custodial smart wallet that automatically manages and delivers your loan according to your specifications. This innovative wallet eliminates the need for direct interaction with DeFi lending protocols, as it is programmed to handle all transactions on your behalf. And because it’s self-custodial, only you can control it and any funds it holds.
Managing Your Loan
Rocko provides a comprehensive dashboard that makes managing your loans simple and intuitive. With this tool, you can track essential metrics such as your balance, interest, and loan-to-value ratio. The dashboard also allows you to easily perform transactions, including making payments, adding or withdrawing collateral, or borrowing more.
Thanks to Rocko’s support for multiple lending protocols across networks like Ethereum, Base, and Arbitrum, you can easily refinance your loan as rates change or borrow from multiple protocols simultaneously. This flexibility ensures you can optimize your loan terms and take full advantage of the evolving DeFi landscape.
Rocko helps you manage liquidation and interest rate risks with customizable alerts tailored to your loan needs. You can set up multiple alerts to monitor your collateral value and interest rates, deciding when to receive notifications and choosing between SMS or email delivery. In the volatile world of crypto and DeFi, this automated monitoring is an essential feature, ensuring you stay informed and can act quickly to protect your assets.
Rocko’s Security Infrastructure
Rocko smart wallets are fully non-custodial, meaning you have exclusive control over your funds and private key—the secret code that gives you control over your wallet. Rocko employs industry-leading security solutions to protect your private key, which is encrypted and stored in a secure enclave provided by Turnkey, ensuring only you can access it. Additionally, your smart wallet is built using Kernel, a popular and highly-audited modular smart account framework.
For added security, Rocko allows you to enable multi-factor authentication (MFA), providing an extra layer of protection for your wallet and funds. With these advanced features, you can ensure your crypto assets remain safe and in your control.
What Can You Do With a Crypto-Backed Loan
Crypto-backed loans can be used for a variety of use cases including:
Large Purchases: For significant expenses like buying property, buying a card, or funding a business, crypto loans can provide the needed liquidity in a quick manner.
Other Investments: Crypto loans provide a source of funding for other investments or even to buy more crypto.
Refinancing Debt: Borrowers can use crypto-backed loans to refinance existing debt at a more favorable rate, effectively managing repayment and minimizing exposure to rising interest rates.
How to Get a Loan Today
If you’re looking to access liquidity from your crypto assets without selling, Rocko might be the perfect solution. As a one-stop platform for securing competitive crypto-backed loans, Rocko ensures you get the best rates available across top DeFi protocols.
If you’re looking to get liquidity of your crypto assets but don’t want to sell, Rocko could be a great fit for you. It’s a one-stop solution for securing competitive crypto-backed loans while ensuring you’re getting the best rate out there. With an easy sign-up process, you can secure a loan in minutes directly through their website. Try Rocko today!
