In this episode, Takatoshi Shibayama speaks with Alex Ryvkin, founder of Rho Labs, about the launch of Rho Protocol, the first institutional-grade market for crypto interest rates. Alex explains the significance of "crypto-native" rates like staking yields and perp funding rates, highlighting the extreme volatility of the latter and the need for hedging tools. He explains how Rho Protocol enables traders to manage funding rate risk, enhance basis trading strategies, and potentially shap...