What is RHEA Finance (RHEA)?

By CMC AI
06 December 2025 08:58AM (UTC+0)

TLDR

RHEA Finance is a unified DeFi platform on NEAR Protocol, born from the merger of Ref Finance (DEX) and Burrow Finance (lending), offering cross-chain swaps, lending, staking, and margin trading through a single interface.

  1. Chain-abstracted liquidity hub – Integrates multi-chain assets (NEAR, Bitcoin, EVM tokens) with seamless cross-chain functionality.

  2. Three-token ecosystem – Features RHEA (governance), xRHEA (staking/utility), and oRHEA (rewards) to align incentives.

  3. NEAR-native infrastructure – Built on NEAR’s low-cost, high-speed blockchain for scalable DeFi operations.


Deep Dive

1. Purpose & Value Proposition

RHEA addresses fragmented liquidity in DeFi by merging trading, lending, and yield strategies into one platform. It simplifies cross-chain interactions, allowing users to swap BTC, lend stablecoins, or borrow against NEAR-based collateral without switching interfaces. Its chain abstraction layer enables actions across NEAR, Ethereum, and Bitcoin networks via a single wallet.

2. Technology & Architecture

RHEA leverages NEAR’s sharded blockchain for low fees (<$0.01 per transaction) and fast finality (~2 seconds). Key technical components include:
- Multi-chain AMM: Supports custom liquidity pools (CLMM for stablecoins, ALMM for volatile assets).
- Risk-aware lending: Dynamic interest rates and collateralization ratios, with LP tokens usable as collateral.
- AI-powered vaults (upcoming): Optimize yield strategies across chains using machine learning.

3. Tokenomics & Governance

  • RHEA (1B max supply): Governs protocol upgrades and fee distribution. Merged from $REF and $BRRR tokens.
  • xRHEA: Earned by staking RHEA; used for gas fees, collateral, and boosting rewards (up to 65% APY).
  • oRHEA: Distributed to liquidity providers; convertible to RHEA/xRHEA based on user reputation.

Conclusion

RHEA Finance reimagines DeFi as a borderless, interconnected system, combining NEAR’s efficiency with cross-chain flexibility. Its token model incentivizes long-term participation while abstracting technical complexities. How might RHEA’s chain abstraction reshape multi-chain DeFi adoption as Bitcoin and EVM ecosystems converge?

CMC AI can make mistakes. Not financial advice.