Question 1

What is Rhea (RHEA)?

Accepted Answer

Rhea (RHEA) is the primary token of Rhea Finance, a decentralised liquidity hub on NEAR created by merging Ref Finance (DEX) and Burrow Finance (lending). Rhea’s goal is to provide a single venue for swapping, liquidity provision, lending, borrowing and margin trading, while abstracting cross-chain steps so users and integrators can access liquidity across NEAR, Bitcoin and EVM ecosystems.

Rhea’s design uses three units:

- **RHEA** – the core protocol token  
- **xRHEA** – received by staking RHEA; used for protocol utility such as yield boosts and in-ecosystem gas  
- **oRHEA** – incentive/rewards that convert to RHEA at rates influenced by on-chain reputation

REF and BRRR holders can convert to RHEA through the project’s migration flow.

Question 2

What is Rhea (RHEA) used for?

Accepted Answer

- **Governance and alignment:** RHEA aligns participants with protocol incentives; xRHEA extends utility and can participate in lending as collateral.
- **DEX access:** Automated Market Maker (AMM) with permissionless pool creation, pool-level fees, slippage controls, “swap by output” and multi-pool chain swaps. Stable, degen and discretised concentrated liquidity (DCL) pools aim to improve price execution and TVL efficiency. Smart routing selects pool paths for best output.
- **Lending & margin:** Over-collateralised money market with asset-specific risk parameters, dynamic interest curves, open liquidations and flexible incentives. Margin trading (up to 3x) is built on the shared lending pool and DEX.
- **LP as collateral:** LP tokens can be used as collateral without interrupting farm incentives.
- **Incentives:** Boost Farming supports multi-token rewards, LP-token seeding and boost tokens with lockups.
- **Cross-services:** Aggregator Bridge unifies access to multiple bridge providers; Satoshi DeFi brings native-wallet BTC users into NEAR DeFi; Apollo Pool offers single-asset strategy vaults; Vault by Shade Agent provides AI-driven vault recommendations with notifications.

Question 3

Who created Rhea (RHEA)?

Accepted Answer

Rhea was formed by the teams and communities behind Ref Finance and Burrow Finance within the NEAR ecosystem. The project is positioned as a unified successor to those protocols, with a DAO-based governance model to be revealed following token generation.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	RHEA-USDT RHEA_USDT	gateio	A	0.01436USDT	0.22%	917,166.00RHEA	434	0.01433USDT	0.01442USDT
2	RHEA-USDT RHEAUSDT_SPBL	bitget	BB	0.01439USDT	0.49%	262,702.57RHEA	91	0.01432USDT	0.01439USDT
3	RHEA-USDT RHEA_USDT	bitunix	C	0.01435USDT	0.00%	4,989,948.34RHEA	5,747	0.01435USDT	0.01436USDT
4	RHEA-USDT RHEAUSDT	mexc	C	0.01431USDT	0.10%	3,779,151.44RHEA	3,085	0.01430USDT	0.01463USDT
5	RHEA-USDT RHEAUSDT	toobit	C	0.01433USDT	-0.10%	3,736,725.00RHEA	4,268	0.01434USDT	0.01438USDT
6	RHEA-USDT RHEA_USDT	bydfi	-	0.01431USDT	0.10%	3,390,803.66RHEA	3,307	0.01430USDT	0.01449USDT
7	RHEA-USDT RHEAUSDT	binanceusa	B	0.02690USDT	0.00%	0RHEA	0	0.02690USDT	0.02690USDT