#Rhea 7 July 30 Binance Alpha Project @rhea_finance
Introduction What is Rhea Finance? Rhea Finance is a project aimed at making DeFi (Decentralized Finance) simpler, with the goal of integrating liquidity, lending, and trading from the Bitcoin (BTC), NEAR, and Ethereum (EVM) ecosystems into a 'one-stop' platform. Simply put, it is like a DeFi superstore where you can do everything: swap coins, borrow money, earn yields. It was formed from the merger of Ref Finance (the largest DEX on NEAR) and Burrow Finance (a NEAR lending protocol) in 2025, based on the NEAR blockchain, known for its speed and low fees, with the mainnet already launched. Technical Highlights Satoshi Ramp: The fastest way to transfer BTC into the NEAR ecosystem, allowing BTC holders to directly engage in DeFi and earn yields. Chain Abstraction: Connecting NEAR, BTC, and EVM chains, enabling seamless cross-chain asset transfers, eliminating the hassle of multiple wallets. One-Stop DeFi: Integrating DEX (coin swapping), lending, and leveraged trading, supporting 'cyclical strategies' to amplify yields. Financing and Collaboration Financing: After the merger in March 2025, the valuation reached 100 million USD, with the specific financing amount undisclosed, but Ref and Burrow previously each had several million USD in funding, with investors including Electric Capital and HashKey Capital. Collaboration: Partnering with Binance Wallet, Bitget, and OKX for airdrop promotion, and also technical collaboration with Layer N, WOO Ecosystem, and YouMinter. Roadmap March 2025: Merger of Ref and Burrow, launch of RHEA Points system. July 30, 2025: $RHEA token listed on Binance Alpha, Bitget, OKX, with a major UI upgrade. Q3 2025: OmniBridge goes live, with more cross-chain features. What is the $RHEA token? Total Supply: 1 billion tokens, fixed supply, with a 3-year vesting period. Distribution: 4% (40 million tokens) has been airdropped, 6% for future activities, 51% for the community (LP, trading, tasks, etc.), the remainder distributed among teams, investors, etc., with details not fully disclosed. Uses: Pay for transaction and lending fees. Earn rewards through staking. Governance voting to decide platform development. How much is it worth? Current Price: As of July 22, 2025, $RHEA is about 0.0716 USD, with a market cap of 2.77 million USD and a circulating supply of 38.58 million tokens. Valuation: FDV of 100 million USD, implying a price of 0.1 USD per token based on 1 billion tokens. Pre-market Price: RHEA Points activity implies a price of about 0.05-0.1 USD.