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Rhea reported that user-balance reconciliation was complete on May 8 and announced the reopening of lending operations on May 13, 2026, with a recovery framework and strengthened security.
nitter.rdrama.net/rhea_finance/articlesAn April 16 exploit used fake-token pools and margin-trading routes to drain the lending reserve; Rhea estimated losses at approximately $18.4 million. The DEX reopened after the incident, and Rhea permanently discontinued NEAR margin trading.
www.theblock.co/post/397961/rhea-finance-post-mortem-exploit-losses-18-4-million-double-initial-estimatesRHEA launched as the consolidated governance and utility token for the former Ref Finance and Burrow Finance ecosystems, replacing REF and BRRR.
www.near.org/blog/rhea-finance-debuts-rhea-token-unifying-nea-rs-leading-de-fi-protocols-with-chain-abstracted-liquidityOn March 4, 2025, Ref Finance and Burrow Finance announced their merger to form Rhea Finance, combining NEARโs decentralized exchange and lending protocol.
watcher.guru/news/ref-burrow-merge-to-launch-rhea-finance-a-next-gen-chain-abstracted-liquidity-solutionRhea Finance was reintroduced in February 2025
rhea-finance.medium.com/ref-finance-burrow-finance-merge-to-launch-rhea-finance-the-chain-abstracted-liquidity-solution-82a17a2ae662