$RHEA is practically the entire NEAR DeFi sector in one token.
Main theses:
Monopoly: DEX + Lending + Bridge + Liquid Staking. 95% of all DeFi TVL on NEAR is in RHEA.
The project arose from the merger of Ref Finance (from NEAR co-founder Illia Polosukhin) and Burrow Finance.
In April 2026, there was a hack (~$18M), but most of the funds were returned/frozen, the vulnerability was fixed, lending will be restarted this month.
Economy:
He buys and burns his token on commission.
Now it is trading at approximately 1.5x price-to-fees (with lending turned off).
For comparison: Jupiter (Solana) — ~4.2x. Even on current commissions, the rebaiting potential is 2.5–3x.
Catalysts:
Restart lending (additional buy pressure).
The first normal lending market for ZEC (Zcash) — holders of the privacy coin are looking for yield.
If NEAR DeFi grows (currently only 0.08% of the market cap of the chain), RHEA will take almost everything.
DYOR
One of the good bets on
$NEAR NEAR +
$ZEC #RHEA