The public chain project has paid less attention recently, and I stumbled upon a project in the NEAR protocol @rhea_finance when I was brushing up
It can be simply understood as a decentralized Defi platform, built on the NEAR network, with the goal of creating a chain abstract liquidity solution to solve the problems of decentralized liquidity and complex cross-chain operations in the DeFi ecosystem.
It is worth noting the integration of the two major protocols, Ref Financ and Burrow Finance.
Bright spot:
High-quality decentralized financial services can be achieved by leveraging NEAR's low gas fees, fast transaction confirmations, and WebAssembly-based smart contracts.
Looking back at the core functions of the ecosystem, I think the core is Satoshi Ramp, which can directly solve the pain points of cross-chain liquidity and Bitcoin integration in the DeFi ecosystem.
Another reason is that it provides a key underpinning for the chain's abstract liquidity solution.
If you haven't understood 🤔 it yet, it can also be understood as an easy transfer of BTC to the NEAR network without complex bridging functions.
With the Satoshi Ramp function, the user experience can be greatly improved, which is very useful.
With the most core, then there must be a second one, that is, the "unified liquidity center"
He is responsible for integrating the liquidity of NEAR, BTC and EVM chains, providing deep transaction pools and low-cost transactions, supporting functions such as token swaps, lending, yield farming, and more.
Now that we've said that, if you think about it a little further, you can think of Satoshi Ramp, and these two functions work together perfectly, the former to introduce liquidity, and the latter through integration.
Jointly promote the ecological development of Rhea Finance, and provide core support 🧐
Finally, fast cross-chain and deep liquidity provide innovative solutions for Defi users and developers.
However, please pay attention to smart contracts and market risks, and the above content is only used as a reference to DYOR
Related information:
Rhea Finance raised $4.8 million in seed round, and the token $RHEA currently has a market capitalization of about $2.41 million.
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