In the past month, Near has appeared on the list of the most active addresses on-chain, with 51 million monthly active addresses, second only to Solana. Looking at the TVL based on $Near, the ecosystem has been steadily growing since the beginning of 2023. Among them, Rhea has the highest TVL, accounting for 95% of the TVL on the Near chain. This is because @rhea_finance was formed by the merger of two protocols, Ref Finance and Burrow Finance. The merged Rhea has become a massive DeFi system with a TVL of $150 million. ╰┈➤ DeFi Product System Rhea includes DEX, lending products, cross-chain bridges, and staking. ▌ DEX Rhea DEX is a self-custodial DEX, where funds are kept in wallets without needing to deposit them on the platform. Rhea DEX supports spot swap trading and leveraged trading. ◆ Spot Swap The total TVL for swap trading is $40.69 million, with a trading volume of $5.33 million in the last 24 hours. ◆ Leveraged Trading Leveraged trading currently supports up to 3x leverage. For example, in the Near/USDC pair, the current long liquidity for leveraged trading is $25,300, and the short liquidity is $30,500. ◆ Liquidity Pools Different trading pairs in the liquidity pools support different AMM models, including standard AMM, concentrated liquidity CLMM allowing LPs to choose price ranges, and automated liquidity management ALMM. The stablecoin pool uses Curve's algorithm. For instance, NEAR+USDC and NEAR+USDT both use the CLMM model, with the highest APY approaching 400%. ▌ Lending Products Rhea's lending platform has total deposits of $211 million and total loans of $92.87 million. The platform's earnings in the last day were approximately $13,000. USDT deposit rates range from 11.09% to 13.15%, USDC deposit rates range from 10.08% to 11.93%, NEAR deposit rate is 1.41%, xRHEA deposit rates range from 9.53% to 14.29%. ▌ Cross-Chain Bridge Rhea supports asset cross-chain transfers between NEAR and Arbitrum, Avalanche, BASE, Ethereum, OP, Polygon, and Solana. ▌ Staking Stake $NEAR to participate in NEAR ecosystem's LSD and earn $rNEAR. The current APY is 9.33%. Stake $RHEA to participate in platform earnings distribution and earn $xRHEA. The current APY is 20.42%. Staking $RHEA or $xRHEA can enhance returns on the lending platform, with APY increasing by 1 to 1.5 times. ╰┈➤ Security ▌ Code Security Audit Report Before and after the merger, Rhea's protocols were audited by independent auditors Jita, BlockSec, SigmaPrime, and trailofbit, with at least 50 audit reports. Bee Brother provides a brief overview of the latest audit reports from 2025. ◆ RHEA Token Contract Audit The most recent audit report was in April 2025, Audit Agency: BlockSec Total findings: 3 low-risk issues - fixed, 1 code optimization suggestion - optimized ◆ Contract for Staking NEAR to Generate rNEAR The most recent audit report was in August 2025, Audit Agency: BlockSec Total findings: 3 high-risk issues - fixed, 2 low-risk issues - 1 fixed, 1 not fixed 1 optimization suggestion - optimized ◆ Lending Contract The most recent audit report was in April 2025, Audit Agency: BlockSec Total findings: 4 high-risk issues - fixed 1 medium-risk issue - fixed 5 low-risk issues - 4 fixed, 1 not fixed 3 optimization suggestions - 2 optimized, 1 not optimized ▌ Bug Bounty The highest bug bounty on the platform is $250,000, with a total of $96,900 paid out. ▌ Guardian Mechanism Rhea has prepared a guardian mechanism, where guardians are several NEAR addresses with the authority to pause the main contract. When Rhea faces performance issues, serious errors, or malicious attempts, the guardian mechanism comes into play. Guardians identify and verify the issues, notify other guardians, and pause the contract. ╰┈➤ More Features and Prospects ▌ AI Agent Rhea supports interaction with AI Agents. In the lower right corner of the interface, you can enter the AI Agent dialogue box to participate in DeFi through conversation, and it supports communication in Chinese. During the conversation, the AI Agent can read the user's wallet balance, but sometimes it will also ask the user for their balance. After making a request, the AI Agent will reply with detailed transaction information and ask the user to confirm. The user can reply to confirm just like chatting. Next, an authorization button will pop up in the chat window, and clicking the authorization button will prompt a wallet signature. When the transaction is successful, the AI Agent will inform the user in the dialogue box. This is a very interesting experience! ▌ Chain Abstraction Rhea implements cross-chain interoperability based on NEARChain Signatures technology. NEAR accounts can call smart contracts to sign and transact on other blockchains. Based on chain abstraction technology, Rhea may be able to launch more DeFi products around the NEAR ecosystem... ╰┈➤ Season 2 Leaderboard of the Points System The Season 2 leaderboard of the Rhea points system has just been launched. Trading, adding LP, and lending on the Rhea platform can accumulate points. Spot Trading: For spot trading on Swap, a single transaction of no less than $100 earns 10 points for every $100 traded, and an additional 20% points for specified trading pairs when a single transaction exceeds $1,000. Cross-Chain: For cross-chain transactions through the Rhea bridge, a single transaction of no less than $100 earns 10 points for every $100 crossed. When crossing between Near and EVM chains, an additional 20% points are earned for single transactions exceeding $1,000. Leveraged Trading: For leveraged trading, a single margin of no less than $50 earns 10 points for every $50. Continuous trading for 15 days, 30 days, and 60 days earns multipliers of 1.2x, 1.5x, and 2x respectively. Adding LP: For TVL in liquidity of no less than $100, 50 points are earned daily for every $100 TVL. When specified trading pairs exceed $10,000 in TVL, an additional 5% points are earned daily. If LP is maintained for more than 30 days, the points multiplier is 1.2x. Lending: In Rhea lending, 50 points are earned daily for every $100 deposited, and 100 points for every $100 borrowed. If deposits or loans exceed 30 days or 60 days, the points multipliers are 1.2x and 1.5x respectively.