Rodeo Finance RDO

1. Summary

Ranks

Liquidity

-

Developer

-

Social

61

Momentum (beta)

0

Stack Rank™

-

Price

$0.004782860000 +2.8%

Market Cap

$0.00 (#8549)

Supply

0.00 / 85.00M

Tags

Arbitrum Ecosystem Camelot Launchpad

More Metrics

Price
52W High price	$0.09
52W High date	26th Nov 2023 (11 months ago)
All Time High (ATH) Date	8th Jul 2023 (1 year ago)
ATH Price	$0.29
% From ATH	-98.36%
All Time Low (ATL) Date	5th Nov 2024 (2 weeks ago)
ATL Price	$0.003917250000
% From ATL	22.19%

Supply & Trading Volume
Trading Volume (24h)	$53.00
Total Supply	85.00M
Max Supply	100.00M

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Description

Rodeo Finance is a decentralized finance (DeFi) protocol built on the Arbitrum network that offers diverse yield-earning opportunities through its innovative model catering to both liquidity providers and leverage farmers. It empowers users to maximize their yield-earning potential through leveraged yield farming and passive lending.

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Rodeo Finance is a decentralized finance (DeFi) protocol built on the Arbitrum network that offers diverse yield-earning opportunities through its innovative model catering to both liquidity providers and leverage farmers. It empowers users to maximize their yield-earning potential through leveraged yield farming and passive lending.

How It Works

• Leveraged Yield Farming: Users can amplify their potential gains by leveraging or borrowing additional assets to increase their position. This allows them to earn higher yields, but with greater risks involved.

• Passive Lending: Users can earn passive income by lending their assets to farmers, providing a safer way to collect higher yields.

Key Features

• Composability: Rodeo seamlessly blends leveraged yield farming and passive lending, enabling users to optimize their real yields while driving liquidity to partner protocols.
• Easy User Experience: Rodeo presents a simple UI/UX that allows users to onboard and participate across multiple Arbitrum protocols.

History

• Launch: Rodeo Finance was launched to provide a decentralized leverage hub on the Arbitrum network, offering easy, automated, and secure leverage on top farms.
• Hack: Rodeo faced a significant hack in July 2023, resulting in a loss of 472 ETH, worth approximately $888,000. This incident led to a comprehensive review of the platform’s security measures.

Token Details

• Token Symbol: RDO
• Token Usage: The RDO token can be used for various activities within the Rodeo Finance ecosystem, such as participating in yield-earning strategies or governance initiatives.

Future Plans

• Improvement on Security: Rodeo continues to enhance its security measures to prevent similar hacks in the future.
• Governance and Grants: The project is actively involved in governance initiatives and grant applications to strengthen its position in the DeFi ecosystem.

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