Onchain order book exchange for trading and hedging interest rates
Rates Exchange is an onchain, CLOB-based exchange for trading and hedging interest rates, starting with interest rate swaps and planning FX swaps and fixed-rate equity perps. Borrowers can lock a fixed rate on Aave or Morpho debt while keeping their loan and collateral in place, lenders can fix higher yields through Yield Boost, and traders can go long or short implied rates. In October 2026 it announced an investment from Coinbase Ventures; the amount was not disclosed.