Ref Finance and Burrow Finance Merge to Launch Rhea Finance – The Chain-Abstracted Liquidity Solution

PRESS RELEASE.

In a major milestone for decentralized finance ( DeFi), Ref Finance (NEAR’s leading DEX) and Burrow Finance (NEAR’s top lending protocol) have officially merged to launch Rhea Finance — a next-generation chain-abstracted liquidity platform connecting Bitcoin, NEAR, and major EVM ecosystems.

This merger represents a transformative shift in DeFi accessibility, consolidating liquidity, trading, and lending into a single, high-performance entity. By combining the liquidity and utility of NEAR’s 2 most established DeFi protocols, Rhea Finance provides unparalleled efficiency, deeper capital pools, and a frictionless user experience for a diverse range of DeFi participants.

Why the Merger?

The current DeFi landscape is highly fragmented, requiring users to navigate multiple chains, platforms, wallets to access liquidity, leverage assets, and optimize their yield strategies. Rhea Finance eliminates these inefficiencies by offering a unified liquidity hub, purpose-built to serve:

• NEAR Stakeholders – Investors, founders, and key contributors in the NEAR ecosystem who require efficient capital deployment and deep liquidity solutions.
• Bitcoin Holders & DeFi Users – BTC holders looking for on-chain yield opportunities, facilitated by Satoshi Ramp, the fastest BTC on/off-ramp for DeFi, allowing transactions with just a single Bitcoin wallet.
• EVM DeFi Users – Traders from Ethereum and other EVM ecosystems seeking to leverage multi-chain liquidity, with a focus on ETH-based yield strategies.
• Memecoin Traders – Speculative traders from Ethereum, Base, Solana, and Ordinals ecosystems who demand high- liquidity markets and leveraged trading for trending assets.

Additionally, the merger introduces a new tokenomics model, consolidating $REF and $BRRR into a single main token, $RHEA, while introducing $xRHEA and $oRHEA as utility tokens to enhance governance, incentives, and ecosystem functionality.

The Rhea Advantage – A Unified Liquidity Hub

• Satoshi Ramp – The Fastest BTC On/Off-Ramp – Enabling seamless Bitcoin integration into NEAR’s DeFi ecosystem, providing BTC holders with yield opportunities and deep liquidity access.
• Cross-Chain Liquidity & Yield Optimization – Supporting NEAR’s upcoming OmniBridge and major EVM bridge solutions, allowing users to maximize yield across multiple blockchain networks.
• Institutional-Grade Liquidity & Capital Efficiency – By consolidating liquidity from NEAR, BTC, and EVM networks, Rhea Finance reduces fragmentation and slippage, creating a more efficient trading environment.
• Advanced Trading & Lending Features – Offering spot and margin trading, liquidity loops, and leveraged strategies, Rhea Finance enables both institutional and retail traders to execute high- volume transactions efficiently.
• Optimized Risk Management & Collateral Flexibility – A chain-abstracted DeFi layer that enables dynamic lending options, strategic asset deployment, and enhanced capital efficiency.

Pioneering the Future of Multi-Chain DeFi

With deep liquidity, seamless interoperability, and an optimized trading experience, Rhea Finance is setting a new standard for multi-chain DeFi engagement. Whether you’re a high-net-worth investor, an active BTC holder, an EVM yield farmer, or a meme coin trader, Rhea Finance provides the most efficient gateway to DeFi across multiple chains, with NEAR Protocol serving as the foundational technology—recognized as one of the fastest and most secure blockchain ecosystems.

“This merger is more than just combining two protocols—it’s about building a unified DeFi infrastructure that serves all users, from Bitcoin and NEAR to the most active memecoin traders. Rhea Finance is designed to remove friction and provide seamless liquidity access across multiple ecosystems.”

About Rhea Finance

Rhea Finance is a strategic merger of Ref Finance and Burrow Finance, creating NEAR’s most advanced DeFi hub. By integrating Bitcoin, NEAR, and EVM ecosystems, Rhea Finance consolidates liquidity, lending, and trading into one unified platform, offering a seamless DeFi experience for institutional and retail users alike.

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