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	0.05170USDT	7.31%	2,703,114.00RHEA	2,694	0.04818USDT	0.05240USDT
2	RHEA-USDT RHEAUSDT	mexc	C	0.05187USDT	7.19%	1,819,891.34RHEA	3,868	0.04839USDT	0.05264USDT
3	RHEA-USDT RHEA_USDT	bydfi	-	0.05186USDT	7.18%	1,491,306.12RHEA	3,070	0.04839USDT	0.05264USDT
4	RHEA-USDT RHEA_USDT	bitunix	C	0.05171USDT	7.22%	1,440,295.14RHEA	5,846	0.04823USDT	0.05223USDT
5	RHEA-USDT RHEAUSDT	toobit	C	0.05175USDT	7.17%	1,353,771.00RHEA	4,946	0.04829USDT	0.05215USDT
6	RHEA-USDT RHEAUSDT	binanceusa	B	0.05767USDT	20.97%	77.00RHEA	1	0.04767USDT	0.05767USDT