Rho Labs

Rho Vault V1 is now closed for deposits — withdrawals stay fully open The first vault filled fast and delivered: 500K USDT TVL and nearly 60% total PnL. Those who got in early captured the full run. If you missed V1, this is your chance to not miss the next one. Rho Vault V2 will have strictly limited capacity and early access will go only to the waitlist. Join the waitlist now and secure your spot: https:// tinyurl.com/u69byk2u

Updated Rho X contracts with Dec 26 maturity are now live across DEX venues If you want to keep your exposure running, move into the Dec 26 maturity on Hyperliquid, Aster and dYdX for both BTC and ETH pairs Trade now on http://x.rho.trading

Crypto sentiment picked up as markets expect a 25bp cut at the next Fed meeting. ETH funding stayed near the floor for the past 24h, signaling softer leverage. BTC funding has been weak too, though the curve shows early signs of recovery. See below the accumulated 8h funding rates. If this pricing holds into the meeting window, rates markets could set the tone for the next move.

Rho Pulse Market Insights: Cautious Releveraging 📊  Crypto Market Overview We’re pleased to bring you today’s edition of the Rho Rates Pulse, with our latest crypto market insights:  This week:  🔸 Spot-led unwind: BTC briefly dipped near $80k and ETH toward $2.6k, weighed down by weakness in tech stocks and record November spot-ETF outflows (~$3.8bn BTC, ~$1.8bn ETH). 🔸 Derivative footing improving: Open interest has lifted off the lows, funding remains positive, and ETH funding has closed the gap with BTC. Rho Funding Futures (Dec) price composite funding at 5–6.5% APR across major venues. 🔸 Looking ahead: Visibility remains poor until the Fed meeting and November data in mid-December, with key CPI and labour figures missing — crucial for gauging the rate-cut path. For more detailed insights and how these trends could impact your trading strategies, explore the full report below 

The Rho Protocol Points Program is evolving — and moving to Rho X 🔥 The Points Program on Rho X introduces new quests, broader market coverage and additional ways to earn and grow your Points across the ecosystem. You can now participate in an expanded set of actions and continue accumulating Points throughout Pre-Season. Pre-Season on Rho X runs with a structured framework designed to support consistent, long-term participation. 👉 More quests. More markets. More Points. Don’t miss this phase → https://lnkd.in/exn58mz6 Here’s what’s new in the Points Program on Rho X 🔵 Six markets CEX and DEX venues are now fully included in the Points flow 🔵 New OI and TV quests Tasks reward deeper open interest and consistent trading volume 🔵 Updated reward structure Progress scales faster and gives more weight to active participation 🔵 Beginner quests A clear path for new traders to start earning from day one 🔵 Vault deposit quest Depositing into the YUSD vault is now part of your Points progression Rho Points remain your on-chain record and will be redeemable in the future, subject to eligibility. All your Points from the previous program will be transferred to your Rho X account. Join the updated program and earn Points through real trading activity. The Rho X Points Program is stronger, clearer and gives you more ways to grow. 👉 Start building your position in Rho X Points Program → https://lnkd.in/exn58mz6

Rho Labs is at DevConnect ARG Happy to meet on site or at any side events Come say hi and chat with us about funding rates and Rho X

Fear&Greed Index is sitting near 16 (according to CoinMarketCap) which means "extreme fear" and the market reflects it 📉 NVIDIA reports today and the release matters since the stock signals real AI demand and reflects current fears of overvaluation. A beat could ease pressure across risk assets while a miss could deepen the broader bearish mood and hit crypto further. https://lnkd.in/ebiF6PJU

While the market pulls back, there’s still bullish sentiment. Japan is rolling out its biggest crypto reform in years, moving from a tax regime that reached up to 55 % to a flat 20 % for approved assets. The shift reclassifies 105 tokens as financial products, adds full disclosures and removes long-standing barriers for local investors, bringing crypto much closer to TradFi. This is a major step for DeFi’s maturity, creating a cleaner, more institution-ready environment. For Rho Labs, stronger regulatory rails around assets like BTC and ETH support the broader growth of rates markets and reinforce the shift toward professional on-chain trading. https://lnkd.in/eQcu8Xrn

The market is pulling back hard, with BTC down more than 6% in the last 24 hours Spot Bitcoin ETFs in the US saw $869M in outflows on Thursday, the second largest exit on record. Grayscale Investments led with $318M out, followed by BlackRock IBIT with $257M and Fidelity Investments FBTC with $120M. There’s still no clear data after the shutdown ended, and markets are waiting for updates to understand the macro direction Funding rates are split across exchanges: negative on Bybit, positive on Binance, showing uneven trader sentiment and fragmented positioning The market is still waiting for Consumer Price Index, Producer Price Index, Nonfarm Payrolls, Retail Sales and GDP revision

🚀 Combined open interest across Rho Labs products has reached $27.8B+ And our newest platform — Rho X, launched just a few months ago — is already making waves Rho X Open Interest just crossed $40,000,000, hitting its previous cap in only 21 days We’re now increasing the limit to $100,000,000 to meet growing demand and support the next stage of Rho X growth