No, Rocko is not a lender. Rocko is a technology platform that simplifies borrowing from popular Defi protocols like Compound.

Aave, Compound, and Morpho are decentralized lending protocols built on the Ethereum network. They allow users to borrow and lend crypto assets in a permissionless and transparent manner.

Yes, a service fee of 1% is applied to new loans and loan increases. Rocko does not charge a fee for deposits with its Earn product. More info can be found in the Rocko Terms of Service.

Rocko currently supports Ether (ETH), Coinbase Wrapped Bitcoin (cbBTC), Wrapped Bitcoin (WBTC), Aave (AAVE), Uniswap (UNI), LIDO Wrapped Staked ETH (wstETH), Threshold Bitcoin (tBTC), Chainlink (LINK), and Coinbase Wrapped Staked ETH (cbETH) as collateral. The collateral options available may vary by protocol and network. We are working to add support for additional collateral assets.

If you have bitcoin, it’s easy to get to Coinbase Wrapped Bitcoin (cbBTC) or Wrapped Bitcoin (WBTC) to use as collateral for your loan as described in this detailed guide. Or just select BTC as the collateral type when setting up your loan using Rocko and follow the instructions onscreen.

Generally, DeFi protocols can offer greater transparency, more flexible loan terms, and lower rates than many traditional lenders. However, users can experience loss of funds in the event of software bugs or exploits. Learn more about the benefits and risks of DeFi borrowing in this detailed overview.

Rocko currently supports Aave V3 (Ethereum, Base, Optimism, Polygon), Compound III (Ethereum, Base, Optimism, Polygon), and Morpho (Etherum, Base) at this time. More protocols and networks will be available in the future.

Yes, Aave, Compound, and Morpho currently require loans to be over-collateralized, meaning that the value of the collateral pledged is more than the loan. This is not expected to change.

No. No credit check is required to receive a loan using Rocko.

No, DeFi loans are not reported to credit bureaus so it will not impact your traditional credit score.

The maximum amount you can borrow is determined by the value of your collateral, the max loan-to-value ratio for the loan, and the available liquidity for the loan asset. Generally, the amount of available liquidity for USDC is in the millions of dollars.

Lending protocols like Aave, Compound, and Morpho use formulas based on supply and demand to calculate interest rates. Learn more here.

If your loan exceeds the maximum allotted loan-to-value ratio, whether through not repaying it or another reason, your collateral will be liquidated (i.e. sold for USDC) and the DeFi lending protocol will take a fee. To learn more about liquidation and how to avoid it, read more here .

Generally, using your crypto as collateral for a loan is not considered a taxable event as long as your crypto is not sold or exchanged. The tax implications for wrapping tokens — such as ETH for WETH — is unclear, as the IRS has not issued specific guidelines on this topic. This content is for informational purposes only and is not tax or legal advice. Please consult your tax advisor for further guidance.

No, Rocko wallets are self-custodial meaning only you have access to the private key and can control over any funds held by them. When you deposit collateral for a loan, it is transferred to a smart contract for that specific DeFi lending protocol. Upon repaying your loan, your collateral will be transferred back to you.

With Earn, users can deposit USDC into DeFi lending protocols. This USDC is then able to be borrowed by others who pay interest on their loan. Most of the interest is shared among those who supplied the USDC. Generally, depositors can withdraw their funds whenever like they want—although in certain instances, large withdrawals may require waiting for available liquidity.

Yes, you are able to export your private key through your profile page. The private key provides total control over your wallet. Please treat it as highly sensitive.