NEAR Foundation congratulates RHEA Finance on the launch of its native token, $RHEA, one of the most anticipated token generation events (TGEs) in the NEAR ecosystem to date.
RHEA Finance is the result of a merger between NEAR’s leading DEX, Ref Finance, and its leading lending protocol, Burrow Finance: a chain‑abstracted liquidity solution with cross‑chain access and AI‑powered yield optimization.
This merger of two of NEAR’s foundational DeFi protocols creates a capital-efficient single stop for trading, lending, BTC margin products, and memecoin margin markets. RHEA is uniquely designed to support chain-abstracted access across NEAR, EVM chains like BNB, and non-smart contract chains like Bitcoin, Zcash and XRP—all made possible by NEAR’s Chain Signatures technology, which enables seamless access through a single wallet on the source chain.
Later in 2025, RHEA will introduce an AI-powered Vault, built using NEAR’s Shade Agents. This product will allow users to deposit funds once and let the AI dynamically move assets across chains to optimize for yield. Users will receive real-time notifications as the AI-powered Vault reallocates capital—bringing centralized-finance simplicity to on-chain DeFi.
“RHEA is the center of liquidity in the NEAR ecosystem, connecting Bitcoin, ZEC, EVM chains, and dozens more into a frictionless DeFi experience. By leveraging NEAR Shade Agents and Chain Signatures technology, RHEA users can deposit once and automatically move funds across chains to optimize yield, without ever needing to switch wallets,” said NEAR co-founder Illia Polosukhin. “Entirely new experiences and products are becoming possible now that users and AI agents can seamlessly operate across the entire blockchain landscape.”
“RHEA is a major milestone for NEAR’s DeFi evolution,” said Aescobar, RHEA Finance Operation Lead. “We’re combining liquidity, user incentives, and AI-powered optimization under one abstracted experience. Whether you’re a BTC whale, a DeFi power user, or someone simply seeking APY and high assets utilization rate—RHEA lets you do more with less friction.”
The $RHEA token is now live and trading on Binance Alpha, Gate.io, MEXC, Bitget, LBank, PancakeSwap, NEAR Intents, and the native RHEA DEX. $RHEA is issued through the consolidation of $REF and $BRRR, the tokens that previously powered Ref and Burrow, respectively. This merger brings together years of liquidity, infrastructure and ecosystem development into a single governance and utility token.
The $RHEA token launch also includes trading incentives and airdrop eligibility for early users who participated in the platform’s point campaign. An airdrop checker is available via the platform.
Experience next-gen DeFi with RHEA Finance—trade $RHEA, explore yield farming, supply assets as collateral, margin trade, check your airdrop eligibility—and stay updated by following RHEA Finance on X, Telegram, and Discord for the latest announcements and community discussions.
