What is Rhea Finance and how does it work?
Rhea Finance is a cross-chain lending and borrowing protocol powered by NEAR's chain abstraction technology. It allows users to supply liquidity on one blockchain network and borrow assets on an entirely different network without bridging tokens manually. The protocol aggregates liquidity from 16 chains including Ethereum, Solana, Arbitrum, Base, BNB Chain, Optimism, Polygon, Aptos, Tron, Zcash, and more. When you supply assets, you automatically earn yield. When you borrow, your collateral on one chain secures loans on another. Rhea Finance manages all cross-chain communication transparently in the background, so users simply see one unified dashboard.
How do I supply assets on Rhea Finance?
To supply assets on Rhea Finance, connect your wallet using the "Connect Wallet" button in the top navigation. Once connected, navigate to the Supply Market section and select the asset you wish to supply (e.g., USDT, USDC, ZEC). You can filter by chain using the chain icons displayed in the supply panel. Click the "Supply" button next to your chosen asset, enter the amount, and confirm the transaction in your wallet. After supplying, you will immediately begin earning the displayed APY. Your supplied assets serve as collateral, enabling you to borrow other assets across different supported chains.
What is the Health Factor in Rhea Finance?
The Health Factor is a numerical representation of the safety of your collateral relative to your borrowed amount on Rhea Finance. A Health Factor above 1.0 means your position is safe and your collateral sufficiently covers your debt. If your Health Factor drops to or below 1.0, your collateral may be partially liquidated by the protocol to repay outstanding debt and restore the safety ratio. You can monitor your Health Factor at any time in the Health Factor panel on the main dashboard. To improve your Health Factor, you can repay borrowed assets or supply additional collateral. Rhea Finance recommends keeping your Health Factor comfortably above 1.5 to avoid liquidation risk during volatile market conditions.
Which blockchain networks does Rhea Finance support?
Rhea Finance currently supports 16 blockchain networks: Solana, Arbitrum, Ethereum, Base, BNB Chain, Optimism, Berachain, Monad, X Layer, Polygon, Plasma, Bitcoin (BTC), NEAR, Zcash, Aptos, and Tron. The team continuously evaluates and adds new networks based on community demand and ecosystem growth. Each chain is accessible directly from the chain selector within the Supply Market and Borrow Market panels. Users can switch between chains seamlessly without leaving the Rhea Finance dashboard. Cross-chain collateral positions are managed automatically by the NEAR chain abstraction layer, meaning you do not need separate wallets or bridge transactions for each network.
How are interest rates determined on Rhea Finance?
Interest rates on Rhea Finance are determined algorithmically based on the utilization rate of each lending pool. When demand for borrowing a specific asset is high relative to the available supply, interest rates rise to attract more liquidity providers and moderate borrowing demand. Conversely, when utilization is low, rates decrease to encourage borrowing. The Supply APY reflects the yield earned by liquidity providers, while the Borrow APY is the cost paid by borrowers. Rhea Finance displays both a base rate and an enhanced rate (e.g., 5.46% ~ 6.76% for USDT supply) which includes platform reward distributions. All rates are updated dynamically and are visible in real time in the market tables on the main dashboard.
How do I borrow assets cross-chain on Rhea Finance?
To borrow assets on Rhea Finance, you must first supply collateral on any supported chain. Once your collateral is deposited and your Health Factor is established, navigate to the Borrow Market section. Select the asset you want to borrow and the chain on which you want to receive it. Click the "Borrow" button, choose your desired amount (ensuring your Health Factor remains above 1.0 after borrowing), and confirm the transaction. Rhea Finance's cross-chain infrastructure will deliver the borrowed assets directly to your wallet on the target chain. You can repay your loan from any supported chain at any time. The platform currently shows total borrowed value of $38.33M across all pools, reflecting deep liquidity available for borrowers.
Is Rhea Finance safe to use and has it been audited?
Rhea Finance is built on NEAR's battle-tested chain abstraction infrastructure and follows industry best practices for DeFi security. The protocol implements over-collateralization requirements, automatic liquidation mechanisms to protect lender funds, and real-time Health Factor monitoring to alert users of risk. Rhea Finance's smart contracts are subject to ongoing security reviews. As with any DeFi protocol, users should only supply and borrow amounts they are comfortable with, monitor their Health Factor regularly, and be aware of market volatility risks. For the latest security information, audit reports, and documentation, visit the official guide and documentation site. The protocol has processed over $59.80M in total supplied value, demonstrating significant user trust.
What wallets can I use with Rhea Finance?
Rhea Finance supports a wide range of wallets across all 16 supported networks. For NEAR-native interactions, NEAR Wallet and MyNearWallet are supported. For EVM chains (Ethereum, Arbitrum, Base, BNB Chain, Optimism, Polygon, X Layer, Berachain, Monad), MetaMask, WalletConnect-compatible wallets, and Coinbase Wallet are supported. For Solana, Phantom, Solflare, and other Solana wallets are available. For Bitcoin and Zcash, specific chain wallets are integrated. For Aptos and Tron, their respective native wallets are supported. The "YOUR ASSETS" sidebar in the Rhea Finance dashboard shows all your balances across connected wallets in one unified view, including USDC, USDT, ETH, NEAR, ZEC, BTC, and WBTC.
What are Rhea Finance platform daily rewards?
Rhea Finance distributes platform daily rewards to liquidity providers as an incentive on top of the base interest rates earned from borrowers. These rewards are factored into the displayed APY ranges you see in the Supply Market (e.g., 5.46% ~ 6.76% for USDT, 5.59% ~ 6.83% for USDC). The platform currently distributes approximately $4.24K in daily rewards across all supported pools. Rewards are automatically compounded into your supplied position, so you earn returns on your returns over time. The rewards program is designed to attract and retain liquidity across all 16 supported chains, ensuring borrowers always have access to sufficient funds. Follow Rhea Finance's official channels for announcements about reward boosts and special incentive events.
How do I connect my NEAR wallet to Rhea Finance?
Connecting your NEAR wallet to Rhea Finance is straightforward. Click the "Connect Wallet" button located in the top-right corner of the Rhea Finance dashboard. A modal will appear listing all supported wallets. Select your preferred NEAR wallet (such as NEAR Wallet or MyNearWallet) from the list. You will be redirected to your wallet's authorization page to approve the connection. Once authorized, you will be returned to Rhea Finance with your wallet connected. Your NEAR balance and any associated assets across chains will automatically appear in the dashboard. You can also connect multiple wallets simultaneously — the "YOUR ASSETS" sidebar aggregates balances from all connected wallets, giving you a comprehensive view of your DeFi portfolio.
