Prophet warns: In July 2025, Japan will be in a major disaster! Ordinary people
are busy looking for shelters, but @rhea_finance is taking a different approach, launching "on-chain
shelters". Hold $RHEA tokens to enter virtual shelters. Project
Party claims: "It doesn't matter if reality collapses, Crypto will last forever!" Some people spit
groove: "Can you still access the Internet during a disaster?" The team smiled confidently: "We have gone to the middle
centralized nodes, the signal is stronger than your cry for help!"

The short story above is purely fictional ~ Rhea Finance is a company on the NEAR chain
by the two giants, Ref Finance (the largest DEX) and Burrow
Finance (a leading lending platform), merged to create a unified
a layer of flow and lending. What's more exciting is that it uses NEAR
chain abstraction technology allows users to seamlessly access
access multi-chain assets. The announcement of the cooperation with OKX Wallet on June 27, entering
further amplifies this advantage. OKX Wallet supports native BTC wallet
integration, and Rhea's Chain Signature Access allows users to use one
a wallet can manage assets such as BTC, ZEC, XRP, etc. and directly participate in
Swap, lending or liquidity provision. This technical synergy reduces cross-chain
the complexity of operations also rejuvenates assets on non-smart contract chains

In addition, Rhea's AI-driven framework automatically optimizes revenue through Rhea Agent
strategy, especially in the upcoming "cross-chain AI revenue vault",
Users only need to operate with one click, and AI can adjust positions according to market fluctuations. This
This kind of intelligence makes Rhea not only suitable for DeFi veterans, but also attracts people like me
Ordinary users who are not very good at technical details

Rhea Finance's roots can be traced back to the early days of the NEAR public chain
development, its predecessor Ref Finance was co-founded by NEAR co-founder Illia
Polosukhin @ilblackdragon created it. Illia is a big man, early
He became famous in 2015 for participating in the creation of Google's Transformer architecture
(later became the cornerstone of the AI field). He joined NEAR
The original intention is to promote the integration of decentralized technology and artificial intelligence, which is reflected in
Rhea's AI-driven framework is fully reflected. Ref Finance's
The first code submission took place on March 9, 2021, marking NEAR
The beginning of an important DeFi project in the ecosystem

But Rhea is not a one-man show by Illia. In April 2021, Ref Finance
After going online, the NEAR Foundation funded @proximityfi, a company focused on
NEAR R&D to guide and expand this project. Proximity
The addition of Labs brings more professional development resources, they not only optimize
Ref Finance's DEX functionality, and was established in early June 2021
Ref Finance DAO. The composition of this DAO is very interesting, the members are not
They are not selected based on capital background, but based on their activity and contribution quality on platforms such as Telegram and
Discord. This community-driven
This model makes me feel that the Rhea team is inherently decentralized
gene

Plus the merger of Burrow Finance (the largest lending on the NEAR chain
platform), Rhea's team can now be said to be a "hybrid". Burrow
The technical team has deep experience in the stability and scalability of lending protocols,
This complements Ref Finance's liquidity management capabilities. Although the official
The official data does not list all the core members in detail, but from the activity of the NEAR ecosystem
Looking at the degree, Proximity Labs' team should still be Rhea's backbone
strength. Illia's AI background plus Proximity's engineering strength, Rhea's
The technical direction seems to be set: chain abstraction and AI are the main features of the future

Rhea Finance itself has not directly disclosed the latest financing details, but from
Its predecessor, Ref Finance's investment background and NEAR ecosystem resource input
In terms of, its financing story is worth digging into. Ref Finance has attracted
Jump Crypto, Dragonfly Capital, D1 Ventures, OKX
Ventures, KuCoin Ventures, SevenX Ventures,
WOO Network, Move Capital and Puzzle Ventures, etc.
The attention of a number of Tier 1 venture capitalists. Jump Crypto, as the lead investor, shows
Early market recognition of its DEX potential. These investors not only brought
Funds also bring industry connections and strategic support

However, Rhea, as a new entity after the merger of Ref Finance and Burrow Finance
entity, the financing situation may have new progress. Considering the NEAR Foundation
The Foundation's continued support (Proximity Labs' funding is proof), plus
Driven by the DeFi boom since 2021, Rhea is likely to have merged
another round of money. Although the official did not disclose the specific amount, from NEAR
Ecosystem other project financing scale (such as NEAR itself in 2021-
2022 raised more than $300 million) speculation, Rhea's valuation may be in the number
between tens of millions and hundreds of millions of dollars. Especially in chain abstraction and AI these cutting-edge technologies
With the blessing of technology, institutional investors should be very interested

In recent months, Rhea's linkage with OKX Wallet (cooperation on June 27) and
Bitget Wallet (cooperation on June 26) may also indirectly bring
strategic investment or cooperation funds. OKX and Bitget are wallet giants like
Usually inject resource support into ecological cooperation, such as joint marketing or
Technology development fund. This makes me feel that Rhea's financing background is not just capital
injection is more like a multi-party ecosystem collaboration

@NEARProtocol

The "chain abstraction" vision of Rhea Finance has been
The most intuitive embodiment. Through NEAR Intents, Chain
Signatures and Omnibridge three major technical pillars, users can use a single
One NEAR account operates multiple blockchains such as Bitcoin and Ethereum

Rhea Finance launched the AI Agent function in June 2025, on behalf of
It represents an important leap for DeFi towards "autonomous finance". These AI intelligent bodies do not
They can not only automatically execute complex arbitrage strategies, but also dynamically adjust asset allocation according to market conditions.
Adjust asset allocation to achieve true "passive income"

The deeper meaning is that AI Agent transforms DeFi from "human-driven" to
"Algorithm-driven", which greatly reduces the threshold of professional knowledge. Ordinary users only need
Set risk preferences and return targets, and AI can execute the best strategy on their behalf.
This concept of "DeFi democratization" is expected to expand the DeFi user base from the current
Tens of millions to hundreds of millions

From the core indicators, Rhea Finance has established the NEAR ecosystem DeFi
Leading position: TVL of 139 million US dollars ranks first in NEAR DeFi, monthly transaction
The volume is nearly 300 million US dollars, and the annualized agreement income exceeds 8.5 million US dollars. special
It is worth noting that its loan capital scale of 9.124 billion US dollars shows a strong
Demand for capital use

In the NEAR DeFi ecosystem, Rhea Finance faces LiNEAR
Competition from staking service providers such as Protocol and Meta Pool, as well as Jumbo
Challenges from innovative DEXs such as Exchange. But Rhea's core advantage is
In the "ecosystem-level integration capability", it is not competing in a single track,
Instead, it creates new value propositions through horizontal integration

The moat effect of this "platformization" strategy has emerged: users are in
Every transaction and lending operation within Rhea can generate synergistic value
value, forming a strong network effect. With AI Agent, BTC.RHEA
As differentiated functions mature, this comprehensive advantage will be further consolidated

Rhea Finance announced on July 3, 2025 that $REF and
$BRRR holders can start depositing their tokens to be in TGE
After receiving $RHEA, this marks Ref Finance and Burrow
Finance merged into an important step towards a unified DeFi layer on the NEAR blockchain

https://x.com/rhea_finance/status/1940804586761342978…

The token conversion process does not require locking the deposited $REF and $BRRR tokens,
Allows users to maintain liquidity while participating in the $RHEA transition

User guide can be accessed through https://guide.rhea.finance/rhea-
finance-white-paper provides detailed instructions on how to navigate the conversion
process to ensure everyone has a smooth experience

Rhea Finance's ambition is not limited to technological innovation, it is driven by an integral program
And community incentives, ignited users' enthusiasm for participation. Launched on June 17
I was impressed by the points system, whether it's spot trading, cross-chain operations or
Creating Twitter content can accumulate points, and the $RHEA sky at TGE
The investment is just around the corner. Not to mention inviting new users through the commission link, you can get extra
Code points, which makes me feel that Rhea is building a self-circulating community
economy