Rocko is Officially Live

Today, we’re incredibly excited to announce that Rocko is live! Crypto owners can now use Rocko to quickly get a loan using their crypto as collateral and avoid having to sell. Users can access competitive rates from popular DeFi protocols — starting with Compound — and set up a loan in minutes, no matter their level of expertise.

DeFi lending protocols such as Compound and Aave have revolutionized decentralized finance since their inception and offer competitive rates and flexible terms for a variety of crypto assets. However, they’ve struggled to gain adoption among the broader population of crypto owners in large part due to the complexity of using them. Prospective users are confronted with new, confusing terms as well as unfamiliar processes. Critically, they’re not able to use their accounts at exchanges like Coinbase and Gemini in getting the loan but instead have to set up an Ethereum wallet.

Rocko’s platform simplifies the process for getting a loan through an intuitive, step-by-step interface for creating a loan. Users can select how much to borrow, the type and amount of collateral for their loan, the lending protocol, as well as where they want to receive their loan — including accounts at exchanges. Upon finalizing their loan, users receive a smart wallet that will automatically interact with the chosen DeFi protocol and fulfill their loan based on the instructions they provided. Because the wallet is non-custodial, Rocko users retain full and exclusive control over any funds held in their smart wallet.

Users can manage their loan via a Rocko dashboard which allows them to track key metrics, borrow more, make payments, and modify their collateral. They can also set up text or email alerts to monitor the value of their collateral and the interest rate for their loan. Upon repaying their loan, users will automatically receive their collateral back and any rewards they may have earned from protocols like Compound.

We built Rocko to help crypto owners get the most value from their crypto assets. With this launch, and everything we have in the works for the coming months — including more options for DeFi protocols, blockchain networks, and collateral assets — we’re excited to deliver!

Cheers,

Team Rocko