Binance Alpha launches Rhea ($RHEA), a quick look at project information
Rhea is a new generation of DeFi infrastructure on the NEAR public chain, merged from Ref Finance and Burrow Finance, integrating liquidity and lending functions.
The project completed a $5 million seed round of financing, relying on NEAR's chain abstraction and AI framework, integrating multi-protocol collaboration, intelligent liquidity, and community incentives to enhance the composability and scalability of the ecosystem.
★｜Rhea Tokenomics
➤ RHEA: Core Token
$RHEA has the function of protocol governance and value accumulation. Whether it is transaction fees, lending spreads, or treasury operation income, it will eventually converge to $RHEA holders.
More importantly, $RHEA is also the underlying asset for liquidity provision and staking. In the future, other incentives in the ecosystem will eventually need to be converted back into $RHEA to form a closed loop.
In addition to $RHEA, the Rhea ecosystem also has $xRHEA and $oRHEA, accurately covering the three core scenarios of protocol growth, user incentives, and governance participation.
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➤ xRHEA: Staking Certificate
$xRHEA is obtained by staking $RHEA, is non-transferable, and can be regarded as proof of participating in ecological construction, which can unlock more protocol functions
▰ Mine oRHEA
▰ Use as gas in the ecosystem
▰ Increase profit multiples
▰ Participate in more gameplay as collateral for lending
The time and quantity of $xRHEA held will directly affect the future $oRHEA → $RHEA exchange efficiency, which is a kind of proof of on-chain reputation and influence.
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➤ oRHEA: Behavior Driven
oRHEA is a new type of incentive token. Users obtain $oRHEA by providing liquidity, participating in lending, etc. Whether it can eventually be exchanged for $RHEA at a 1:1 ratio depends on your "reputation value" in the ecosystem, which is the quantity and staking duration of xRHEA.
This design avoids short-term arbitrage by airdrop hunters and allows users who are truly willing to participate in construction for a long time to receive more rewards.
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★｜Written at the end
The token system design of RHEA is relatively ingenious. The three tokens $RHEA, $xRHEA, and $oRHEA form a virtuous value closed loop, which not only enhances the protocol's own anti-cycle ability but also provides users with more possibilities for participating in depth and strategic gameplay.
