RHO MARKETS

DESCRIPTION OF EVENTS

"Rho Market is the liquidity layer build on Scroll, based an overcollateralized lending model, we also bring & leverage LRT Assets yield in Scroll." "Rho Market primarily offers liquidity for users, including LRT assets such as pufETH, ezETH, as well as mainstream - ETH & BTC." "RHO, is poised to become a central liquidity layer, supporting ongoing projects and emerging Layer 3 solutions on the Scroll platform."

"Rho is more than just a liquidity hub, it's a harbinger of financial revolution" "The protocol employs robust security Modules to protect user funds. By prioritizing security, the Rho Market community can confidently lend and borrow digital assets." "Any changes require on-chain governance proposals. This ensures alignment with community interests and eliminates single points of failure." "LRT assets lending is supported. Users can stake $RATE to earn higher yields. Through multiple LSD/LRT yield layers, the staking APR can reach up to 50%." "Through integration with the Sign Protocol and Plaid, Rho Market facilitates lending, repayment, and liquidation processes with funds directly from USD bank accounts."

"The Testnet Stage of our Royalty Reward Program has concluded, and we're excited to share some impressive stats:

-Total Users: 41,587 -Total Transactions: 71,621 -Average Daily Participants: 5,000+ -Total Galxe Questers: 30,000+

Thank you to everyone who participated.

We look forward to seeing all of you on Mainnet"

"Rho Markets $RHO Phase 1 Distribution is Live All users who enrolled in Royalty Rewards Program are eligible to claim Register Now"

"fyi this account @RhoMarketsHQ is compromised, do not click links"

"The official Twitter account of Scroll's liquidity layer, Rho Markets, was hacked and posted suspicious links."

"The @RhoMarketsHQ Twitter account was unfortunately compromised through a SIM swap attack, resulting in a series of malicious tweets being posted starting on the afternoon of May 21st."

"The @RhoMarketsHQ Twitter account was unfortunately compromised through a SIM swap attack, resulting in a series of malicious tweets being posted starting on the afternoon of May 21st."

"The mainnet launch is delayed because of compromise, now we are back, and we will launch Rho Markets mainnet / Rho Pets system within few days."

Rho Markets is a protocol allowing users to lend out specific blockchain assets such as pufETH, ezETH, as well as mainstream assets including ethereum and bitcoin. On May 24th, the Rho Markets Twitter account posted links to other domains that appeared to trick users into signing undesirable transactions. The team did not regain control of the account until June 7th. It is unclear how much was lost.

SlowMist Hacked - SlowMist Zone (Jun 10)
https://web.archive.org/web/20240524173622/register-rhomarkets.xyz/rho (Jun 10)
Rho Markets (Jun 10)
https://www.rhomarkets.xyz/ (Jun 10)
@RhoMarketsHQ Twitter (Jun 11)
@spreekaway Twitter (Jun 11)

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