Public chain projects have received relatively little attention recently, and I stumbled upon a project in the NEAR protocol while browsing Twitter: @rhea_finance. It can be simply understood as a decentralized DeFi platform built on the NEAR network, aiming to create a chain-abstract liquidity solution to address the issues of fragmented liquidity and complex cross-chain operations in the DeFi ecosystem. Notably, it integrates two major protocols: Ref Finance and Burrow Finance. Highlights: By utilizing NEAR's low gas fees, it offers fast transaction confirmations and WebAssembly-based smart contracts, enabling high-quality decentralized financial services. Looking back at the core functions within the ecosystem, I believe the most essential is the Satoshi Ramp, which can directly address the pain points of cross-chain liquidity and Bitcoin integration in the DeFi ecosystem. Another reason is that it provides crucial support for the chain-abstract liquidity solution. If you still don't understand 🤔, it can also be seen as easily transferring BTC to the NEAR network without complex bridging functions. With the Satoshi Ramp feature, user experience can be significantly enhanced, making it very practical. With the most core feature established, there is certainly a second one, which is the "Unified Liquidity Center." It is responsible for integrating liquidity from NEAR, BTC, and EVM chains, providing deep trading pools and low-cost transactions, supporting token swaps, lending, yield farming, and more. Since we are on this topic, expanding the thought further leads us to Satoshi Ramp; these two features can work perfectly together, with the former introducing liquidity and the latter through integration. Together, they drive the ecological development of Rhea Finance, providing core support 🧐. Finally, rapid cross-chain capabilities and deep liquidity offer innovative solutions for DeFi users and developers. However, it is important to note the risks associated with smart contracts and the market; the above content is for reference only, DYOR. Related information: Rhea Finance raised $4.8 million in seed funding, and the token $RHEA currently has a market cap of approximately $2.41 million.
Show original
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.