Lending · Review
ActiveRhombus Protocol Review 2026: Lending on Kaia
Rhombus Protocol is an open-source, non-custodial lending protocol on Kaia where users can supply assets or borrow at variable or stable rates. Its market details, fees and audit reports are not clearly published, so review the terms for each market before committing funds.
By the DappsAtlas editorial team · Updated
DappsAtlas score
5.0/10
Mixed
Our verdict on Rhombus Protocol
5.0/10Rhombus is aimed at Kaia users who want to supply assets to a lending market or borrow from one, with variable and stable rate options. Its open-source, non-custodial design and wallet dashboard make the basic offering understandable. The main caveat is that important decision-making details—including supported assets, borrowing requirements, fees and rate mechanics—are not clearly published in the project information. Two audits are listed, but their scope and reports are not identified, so users should verify the market terms and contract assurances themselves.
Score breakdown
How Rhombus Protocol scores
- Security
- 4.0/10
- Ease of use
- 5.0/10
- Fees
- n/a
- Features
- 5.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Rhombus Protocol?
Rhombus Protocol is an open-source liquidity protocol for lending and borrowing on Kaia. It describes its markets as peer-to-pool and non-custodial: users can supply assets to earn interest or borrow from available liquidity at a variable or stable rate.
The app provides a wallet-connected dashboard for viewing supplies, borrowings and open positions. The specific supported assets, market requirements, fee schedule and rate-setting method are not published in the project information, so users need to inspect each market before transacting.
How Rhombus Protocol works
Rhombus describes itself as a peer-to-pool lending protocol. Suppliers place assets into liquidity markets, where borrowers can access liquidity; suppliers can earn interest, while borrowers take on an obligation to repay. The project describes the system as non-custodial, and its app asks users to connect a wallet to view their positions.
The protocol offers variable or stable interest rates, but it does not explain in the project information how rates are set or what each market requires. Supported assets, collateral rules, liquidation conditions and detailed market parameters should be checked in the app before using a market.
4 features
Key features
01
Open-source protocol
Rhombus describes its protocol as open source, though the project information does not identify specific repositories or code-review processes.
02
Asset supply
Users can supply assets to markets and earn interest. Supported assets and individual market terms are not specified here.
03
Borrowing markets
Users can borrow from liquidity markets at variable or stable interest rates. Borrowing requirements are not detailed in the project information.
04
Wallet-based access
The protocol is described as non-custodial, with users connecting a wallet to view supplies, borrowings and positions.
Pros and cons
What we like
- Offers both supplying and borrowing through liquidity markets.
- Provides variable and stable interest-rate options.
- Describes the protocol as open source and non-custodial.
- The app includes a wallet-connected dashboard for tracking positions.
Watch out for
- The supported assets, market-by-market rates and borrowing requirements are not published in the site text.
- Fees and liquidation rules are not published.
- The two listed audits are not identified by name, scope or report.
- Borrowing and supplying expose users to smart-contract and market risks; non-custodial design does not remove those risks.
Rhombus Protocol fees
Rhombus does not publish its fees in the project information. Check the relevant market and transaction details in the app before supplying or borrowing; network transaction costs may also apply.
Is Rhombus Protocol safe?
Rhombus lists two audits, but the auditors, audit scope and reports are not identified in the project information. Treat that listing as limited assurance rather than proof that the contracts are free of vulnerabilities.
The protocol describes itself as non-custodial, but interacting with lending markets still carries smart-contract, liquidity and market risks. Borrowers may also face market-specific collateral or liquidation conditions; check the app's terms before using a market. Rhombus does not publish its regulatory status here, and no incident history is specified.
6 steps
How to get started with Rhombus Protocol
- 1
Visit the Rhombus app and connect a compatible wallet on Kaia.
- 2
Open the Markets section and review the available markets and their terms.
- 3
Check the supported asset, rate type, current rate and any market-specific requirements before proceeding.
- 4
Choose whether to supply an asset or borrow, then enter the amount.
- 5
Review the transaction and any displayed costs in your wallet before confirming.
- 6
After the transaction, check your positions in the dashboard and monitor the market.
Who Rhombus Protocol is for
Rhombus may suit Kaia users who understand lending-market risks and want to supply assets or borrow through a wallet-connected protocol. It is less suitable for people who need clearly documented market terms, fees, supported assets or detailed audit reports before making a decision.
Rhombus Protocol FAQs
What is Rhombus Protocol?
Rhombus describes itself as an open-source, non-custodial liquidity protocol on Kaia. It offers markets for supplying assets and borrowing at variable or stable rates.
How does lending on Rhombus work?
The protocol says users can supply assets to liquidity markets and earn interest, or borrow assets from them. The specific assets and market conditions are not published in the site text.
Does Rhombus offer fixed or variable rates?
Rhombus says it offers variable and stable interest rates. The exact rates and how they are set can depend on the market, so check the current market details before supplying or borrowing.
What fees does Rhombus charge?
Fees are not published in the project information. Check the relevant market and transaction details in the app before confirming a supply or borrow.
Has Rhombus Protocol been audited?
Rhombus lists two audits, but their names, scope and reports are not identified here. Smart-contract, liquidity and borrowing risks remain, even with audits and a non-custodial design.
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How we checked
Sources
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