9:30 PM, possibly a big deal worth 100 U
Overview of Rhea Finance Valuation by Binance Alpha (By X @Wayne13yao)
This project is special—it is the merged product of the largest DEX and lending platform in the NEAR ecosystem, integrating the core resources of Ref Finance and Burrow.
📌 Funding Background:
Completed a $5 million seed round financing on March 30, 2022, with top institutions such as Jump Crypto, Dragonfly, and ParaFi participating;
As early as February 2022, the Ref Finance team also received a $4.8 million strategic investment;
Earlier in 2021, Ref Finance raised approximately $5.02 million by selling about 2.5 million tokens through a public auction on Skyward Finance, with an average price of about $2 per token.
💰 Valuation and Token Model:
Combining the funding data with the total token supply (1B), we estimate Rhea's current comprehensive valuation is around $100M.
This means the reasonable valuation for a single token is about $0.1, so 1000 tokens ≈ $100.
The project has a three-year unlocking period, with a relatively small initial circulation, which may amplify price fluctuations.
⚠️ Potential Risk Points:
Ecosystem Activity: The liquidity and user activity in NEAR are still relatively weak compared to mainstream ecosystems like Ethereum and Solana;
Valuation Premium: Financing occurred during the last bull market, and market enthusiasm has driven up valuations, putting secondary markets at risk of discount pressure.
Overall, Rhea Finance integrates the core DeFi assets of the NEAR ecosystem, backed by top VCs, and has certain strategic value. If you can grab it, do it!!!
