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

More info on fees will be shared closer to launch.

Rocko only supports Ether (ETH) as collateral at this time but is working to support new collateral assets.

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 here.

All Rocko users can borrow USDC. Rocko users with a Coinbase or Gemini account in the U.S. can opt to have their USDC loan automatically converted into USD. Rocko is working to provide this feature to more users.

Yes, Compound III currently requires all 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, it will not impact your credit score.

The maximum amount you can borrow is determined by the value of your collateral and Compound’s available liquidity for the loan asset. Generally, the amount of available liquidity for USDC is in the millions of dollars.

Lending protocols like Compound 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 Compound 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 smart wallets are non-custodial meaning only you have control over any funds held inside. When you deposit collateral for a loan, it is held in a smart contract for that specific DeFi lending protocol.

Yes, you are able to export your private key through your account sign-in modal.