what's rhea finance?
Rhea Finance is a unified DeFi protocol on NEAR Protocol that combines trading, lending, borrowing, and staking services. The project resulted from a merger between Burrow and Ref Finance, creating a dominant liquidity hub with $230M+ TVL and $1.1B+ monthly trading volume. The protocol uses a three-token model ($RHEA, xRHEA, oRHEA) and recently completed its first 5M $RHEA buyback on September 5th, 2025, establishing a revenue-driven flywheel where protocol earnings fund token buybacks that generate community rewards. Key features include cross-chain functionality through NEAR Intents, allowing deposits from ETH, BTC, Solana, Sui, and XRP without bridges, AI-powered vaults, and native USDC integration. The platform shows strong growth metrics with 42% increase in weekly swappers and offers competitive yields including 91.46% APY for RHEA-NEAR farming pairs.
Rhea Finance updated its long-term strategic outlook and incentives in January 2026.
contract
near-protocol
binance-smart-chain
Updated long-term strategic outlook and incentives in January 2026.
Reached 1,000+ unique users utilizing cross-chain DeFi.
Zcash DeFi integration is coming soon to the platform, powered by NEAR Intents.
Goes live on Berachain with USDT0 support, allowing users to lend Tether for yield or borrow USDT0 with cross-chain collateral.
Base blockchain is now live on the multi-chain lending platform powered by NEAR Intents.
A $CFI liquidity pool is active on Rhea Finance platform.
Kinsu DeFi savings app integrates Rhea on NEAR as a yield optimization protocol alongside AAVE and Morpho, offering up to 12% APY on USDC with automatic rate optimization.
Crosschain beta platform records multiple transactions above $100k over the past few days.
Cross-Chain Lending & Trading platform beta now provides live access to users, moving beyond the sign-up phase that opened on November 14.
Crypto trader commentary flags revenue buybacks as a sales pitch, placing the project on the low end of the scale for actual revenue and token buyback activity compared to protocols like Hyperliquid.
Partnership with NEAR Protocol announced for awareness campaign, as Near Intents hits $2.75B total trading volume and generates $7.2M in fees this month.
RHEA market cap decreases to $5M as ZEC rallies 70% to 11B market cap.
Beta sign-ups for the multichain lending market are now open.
Market cap drops to $7M from previous $10M following whale sell-off in recent hours. Binance restricts shielded ZEC accounts, forcing more liquidity and activity onchain.
Near co-founder publicly endorses the platform as a leading lending protocol and DEX built on Zcash and powered by Near intents. Current market cap stands at $10M.
Platform generates millions in revenue for token buyback program and records $12M in ZEC supplied for lending at 1.71% APY with concentrated participation of only 139 suppliers.
Token trades on BNB chain with a fully diluted valuation of $36M.
First native ZEC lending protocol goes live soon, allowing users to supply ZEC directly from Zcash chain and borrow USDC/USDT across Base, Solana, Ethereum, and Near networks.
Platform records $46M+ in ZEC DEX trading volume and approaches all-time high in total traded volume.
veNEAR Vaults coming soon to the platform, adding governance-focused vault options.
First Vaults go live offering up to 5.4% APY on NEAR and rNEAR.
Rhea Finance integration goes live on Binance Wallet as a newly added dApp.
Litepaper releases detailing a first-of-its-kind multi-chain lending architecture using NEAR Intents technology.
Development of Chain Abstracted Liquidity Hub progresses with capabilities to borrow against ZEC, loop BTC, and enable cross-asset trading.
RHEA token listing on Kraken exchange is now live and available for trading.
RHEA token listing on Kraken exchange is coming soon.
Points-based ranking system with PRIME status offering 1.1x multiplier launches on NEAR, with point conversion to oRHEA tokens scheduled for this month.
New trading incentive program offers 4x volume boost and distributes 100 NEAR to top 25 traders through a competition.
A new NFT collection mint launches using Hot Craft technology on the NEAR ecosystem.
A new router upgrade launches to improve user pricing and reduce slippage.
Protocol reports 74% Q3 revenue growth and launches 3 new perpetual products alongside additional DEX listings. The ecosystem now has 10K holders across BNB and NEAR chains with 32M RHEA tokens staked and 4 of 5 xRHEA utilities now unlocked.
Rhea identified as a beta play opportunity as NEAR Protocol breaks out of its trading range.
RHEA gets listed on Bitget Innovation Zone, providing new liquidity access to the ecosystem.
xRHEA mechanism reaches 31M in total value locked through yield farming system on NEAR Protocol.
Protocol conducts buyback of over 5 million RHEA tokens as part of revenue-based buyback program.
DEX achieves $1.4B monthly volume with 17K active traders and 531K transactions on NEAR Protocol.
Protocol expands to BNB Chain with chain-abstracted liquidity functionality now live.
DeFi protocol generates $2M annualized revenue with complete stack including lending, margin trading, and cross-chain routing.
Perpetual futures trading now available on Bybit exchange.
Protocol generates $158K monthly revenue ($6.6K daily) with $1.94M annualized revenue, while implementing three-tier tokenomics system offering 60.39% APY for RHEA staking.
WOO X introduces dual reward system with 250,000 RHEA pool: yield farming for WOO stakers and daily prizes for RHEA/USDT traders.
New Binance Alpha listing for token alongside VRA, GAIA, and NAORIS.
Achieves $12.6B trading volume and $260M TVL, becoming first NEAR project on Binance Alpha with upcoming CEX expansion.
New Alpha Drop campaign launches with $40,000 in rewards
Protocol achieves $130M daily volume and $149.5M TVL with 50% price surge in 24h during market downturn
Trading launches on Binance July 30th with 1000 RHEA token airdrop for users with 200+ Alpha Points.
Token deposit window opens for $REF and $BRRR holders to receive RHEA post-TGE, marking start of 17-day countdown to conversion.
TVL exceeds $250M with active integration campaigns running through OKX and Bitget wallets.
New promotional campaign launches on OKX Wallet with 500 winner rewards for BTC deposits from June 26-July 9.
Ref Finance and Burrow merge to form chain-abstracted DeFi platform; $REF and $BRRR token holders must convert to $RHEA.
New $150K rewards program launches with dual leaderboard system in partnership with KaitoAI.
nBTC/NEAR pool offering 67% APR through new Bitcoin integration on NEAR protocol
Token launch announced for NEAR-based DEX and money market protocol.
High-yield farming opportunity available with 73% APR in nBTC/NEAR pool.
New RocketX API integration enables access to 180+ chains and cross-chain token swaps.
Announced $RHEA airdrop with 10% of total token supply allocated to community.
Merger between Ref DEX and Burrow lending protocol on NEAR. Will use $RHEA as main token with $xRhea and $oRhea for governance and ecosystem.
Merger announced between Ref Finance and Burrow Finance on NEAR protocol, focusing on BTC and EVM liquidity through Chain Abstraction.