Rho
Rho X is an on-chain interest-rate derivatives exchange on Ethereum for trading funding, staking, and lending rates.
What is Rho?
Rho X is a crypto-native interest-rate derivatives market on Ethereum from Rho Labs. Traders use stablecoin collateral and unified cross-margin to long or short funding rates on Binance, OKX, Bybit, and other venues; hedge perpetual-futures funding costs; or fix staking yields through instruments like CESR ETH. Rho also operates the Rho Funding Index, a tradable benchmark aggregating BTC and ETH funding rates across major CEXes.
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Developer resources from Alchemy
AI agent crypto glossary: x402, ACP, and MCP and 20 more terms
A plain-language glossary of the terms you need to follow agentic crypto — from x402 and MCP to spend limits, account abstraction, and more.
Deposit tokens for banks: a practical playbook
Major banks are quietly processing $10B+ daily in tokenized deposits. Here's how deposit tokens could capture $140 trillion by 2030 and a playbook to integrate for banks.
How AllScale powers fast, reliable stablecoin payments at scale
AllScale standardized blockchain reads and transaction requests on Alchemy Node API to power stablecoin checkout, invoicing, payroll, and payouts.
Rho alternatives
Explore web3 competitors and apps like Rho.
Lighter
GMX
Nereus Finance
HMX
App store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.
