RHEA Finance is born from the union of Ref Finance and Burrow Finance to create the most complete DeFi hub on NEAR Protocol. With DEX, lending, farming, advanced strategies, and community governance, RHEA aims to transform NEAR into an ecosystem with deep markets, global liquidity, and tools designed for both users and developers. |
RHEA Finance is the innovative evolution of the two major DeFi projects on NEAR: Ref Finance (DEX) and Burrow Finance (lending). With their merger, a decentralized and chain-abstracted liquidity hub is created, designed to unify exchanges, lending, farming, and advanced strategies in one place.
RHEA is not just a rebrand: it is the catalyst that seeks to bring NEAR Protocol back to the center of the global DeFi conversation.
What is RHEA Finance?
RHEA is a multipurpose, community-driven DeFi protocol on NEAR Protocol, which combines
- A permissionless DEX with advanced AMM.
- A lending & borrowing system with dynamic risk management.
- Innovative services integrating yield, farming, and cross-chain trading.
With solid figures (September 2025):
- $237.87M in supplied assets.
- $94.18M in loans.
- $143.69M in available liquidity.
- $17,956 in daily rewards.
RHEA is now the liquidity hub of NEAR, where technical infrastructure, community incentives, and global capital come together.
Origins and Vision
- Origins: born from the union of Ref Finance (the main DEX on NEAR) and Burrow Finance (a lending platform).
- Vision: to create a unified, chain-abstracted financial market where assets from BTC, EVM, or Solana can operate without friction.
Goal: to be the DeFi layer that transforms NEAR from “powerful infrastructure” into an ecosystem with deep and dynamic markets.
Main products
RHEA DEX
What it offers?:
- Permissionless pool creation.
- Custom fees per pool.
- Slippage protection.
- Multihop swaps (no direct pool required).
RHEA Lending
What it offers?:
- Overcollateralized loans.
- Multidimensional risk assessment.
- Dynamic interest curves.
- Open liquidations to protect the protocol.
- Flexible incentives for lenders and borrowers.
Advanced Services
- Stable Swap Pool: low slippage on stable pairs.
- Degen Swap Pool: uses oracles to replicate stability in non-stable tokens.
- DCL Pools (Discretized Concentrated Liquidity): capital efficiency, decentralized order book, and reduced impermanent loss.
- Smart Routing: route optimization for better prices.
- LP as Collateral: use LP tokens as collateral without losing rewards.
- Margin Trading: up to 3x leverage on spot trading.
- Boost Farming: universal tokenized incentives platform with support for multi-farming.
Cross-Services and Strategic Partners
- Aggregate Bridge: multichain bridge aggregation layer.
- Apollo Pool: high-yield strategy with a single token, no IL.
- Vault by Shade Agent (AI): personalized vault recommendations using on-chain analysis and real-time notifications.
- Satoshi DeFi: integrates Bitcoin users with NEAR through chain abstraction.
RHEA DAO
RHEA governance is managed via a DAO, which defines incentives, liquidity distribution, and key protocol parameters. Its full deployment will take place after the TGE (Token Generation Event).
Tokenomics: RHEA, xRHEA and oRHEA
- $RHEA: main governance and boost token. Supply: 1B.
- xRHEA: staked version, used as gas token, collateral, and reputation.
- oRHEA: rewards token, convertible to RHEA/xRHEA based on user reputation.
$REF and $BRRR holders will be able to convert their tokens into $RHEA via the official bridge.
RHEA and NEAR: the importance of infrastructure
NEAR offers:
- Finality in 1–2 seconds and minimal fees.
- Chain Abstraction to deposit from BTC, ETH, Solana without bridges or extra wallets.
- Support for Rust/WebAssembly contracts.
- Intent + AI architecture, which with RHEA translates into real financial gameplay: trading, liquidity, and deep markets.
Additional Resources
RHEA Finance white paper
In summary: RHEA Finance is not just a DEX or a lending app; it is the DeFi engine that transforms NEAR into an ecosystem with real, deep markets and global liquidity.
