RHEA Finance: Intent-Based DeFi in Practice

Captions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.

1. 0:10

   Hi everyone. Uh I'm Escobar. People know me Escobar while my real name is Mike. So uh I would like to introduce you to RIA Finance. RIA Finance is quite old projects in near uh we are there since 2021 and um it comes from the merging of two biggest protocol in year. It's the biggest decks and biggest landing which is ref finance and borrow finance. Um we combine the biggest decks and the biggest landing uh since uh that's go

2. 0:37

   live since 2021 serving uh billions of volume on trading and um in 2025 itself we have around 280 million in terms of uh TVL. Um yeah, the vision is very simple on merging this entity because um it doesn't make sense to operate under one team but uh two tokens, two protocols and it's quite confusing for the community that we decided to merge everything into one uh in 2025.

3. 1:06

   Um D5 has been quite fragmented uh for us um because uh we see a lot of chains has been building D5 um we see a lot of projects in each of the ecosystem but then it doesn't make sense um while in the end we want to serve the same community because it's there's only one D5 users um then we aligned with near uh we decided to um instead of just building for near we um yeah we we merged the protocol and build it for the crosschain uh crosschain users. So how we do it

4. 1:38

   basically we're leveraging the near intent um to uh build the product on top of them while still um still building with our liquidity that's already on. Uh we allow users um on the on the landing side. Yeah. So on the landing side uh we have um a very simple product that's a land to earn yield. So uh users on USDT USDC they can supply the assets and earn around 5% APY and they can use it as a collateral assets and they can borrow against uh those assets in another

5. 2:09

   chain. So an example if you're users um from Aptus let's say you can supply assets on Aptus and you're going to borrow against it on arbitum or EVM or any other EVM chain or Salana um and we allow users to repay instantly from from those chain as well uh from any chain where your assets is supported um as long as it's in your wallet you can just pay it um yeah you can also withdraw

6. 2:33

   from from any chains uh where where the assets are supported why it's different uh we simply build this as a one-click crosschain solution. Uh because in the end uh you want a unified positions between your liquidity across all chain.

7. 2:47

   Um well if you have a liquidity on EVM that maybe you just uh allow your your uh assets uh stay in EVM and then you leverage them between EVM. But what we try to tackle here, we are serving more than just EVM users because uh nonem is supported like apt test uh like I mentioned before and also Solana. Um as you can see in the video here um we we can give you a example of how it works.

8. 3:15

   Uh we allow users from Zcash uh yeah we allow users to supply the uh Zec token natively on Zcash chain and they can borrow against it on any other chain supported. Um yeah it just takes some times to get a quote and you supply directly while on the Zcash itself we going to uh get them a yield when they supplying their assets. It's not an isolated position because uh in the end

9. 3:40

   the isolated pool doesn't make sense anymore in our opinion just because uh it give a another uh fragmented liquidity. So we decided to make it uh a unified crossing position between all of those assets. Um yeah it allow you to supply Zcash and um simply going to uh you you're simply going to borrow against it on on any other chain. Um the next product that we have been building is the crosschain trading. Uh what well

10. 4:10

    people just going to ask uh what will be the difference between intent and aria crosschain trading. uh what we trying to serve right now is um on on the intent itself you need to deposit you need to withdraw uh which is on the other protocols they they're also building the solutions but what make us different is uh we provide a one-click uh solutions where you can simply trade any ass from uh one assets to any other assets on a different chain but also uh the assets

11. 4:37

    that's not supported by uh near in itself where it's not whitelisted on near in because most of the assets that been whitlisted is only the blue chip assets where there's a ton of liquidity already. While we try to solve the problem to for the meme token, let's say from one chain, uh they can trade to any other assets um to to other chain to the blue chip assets on on the other chain.

12. 4:59

    Um this problem uh can be solved even further with uh the new intense upgrade in the future where we allow users to trade one meme to another meme in uh across all chain that's supported where the problem that other protocol maybe have been solving is the EVM side but we try to uh penetrate uh the market with um non EVM non EVM chain which is our our main focus has been Zcash Bitcoin and uh Salana are um apt and and more of the non non EVM chain.

13. 5:33

    Um yeah, you can see how it works on uh we simply connect one uh EVM uh EVM wallet that we're going to trade uh to Zcash. They can accept their ass uh they can receive their assets uh directly on the Zcash uh on their Zcash wallet.

14. 5:47

    While right now Zcash don't have the extension uh wallet in the in the browser uh they they're going to receive in their uh uh app wallet directly. Well uh we're going to go into the next steps where it's it become more interesting.

15. 6:02

    Um so these are all the chain that we have been serving right now. Uh Tron is going live in two weeks. We just go live with plasma as one of the supported chain. Uh and we have been working closely with the BNB team as well. Um yeah RIA road mapap on 2026. Uh this is just the first quarter of our road map.

16. 6:21

    Um the first product that we're going to go live with is a Zcash Chrome extension wallet because right now Zcash itself it's only live with the uh application wallet where we think uh on the privacy narrative is very strong but there is no u well they they don't try to serve the market where there's a web three native users. So what we try to tackle here while we're leveraging the new intent uh

17. 6:45

    uh infrastructure we're going to build a D5 protocol for them and uh then how they going to use it then we're going to rely on the wallets uh the application wallet to integrate us which is that's nonsense. So we try to launch our uh Zcash chrome extension wallet that can be used um maybe in one month from now.

18. 7:06

    Um yeah it simply uh allow them to do all the uh the uh shielded transactions and non-shielded transaction including the um divide like we going to build a zcash earn for that and uh zcash trading. Yeah. On the next steps we have the metadex aggregator where uh we rely a little bit on the new intent side. if they support the crosschain uh messaging we we're gonna support all uh any memes uh token or any other token that's not whitel listed with a very limited uh

19. 7:36

    liquidity it will be supported on ria uh on the crosschain trading solutions uh real liquid uh we call it real liquid it's basically uh leveraging hyperlquid API we're going to build a front end for the users uh where they can use their appto salana wallet to trade directly on hyperlquid it's not doable with hyperlquid directly because hyper liquid only on EVM then um that's one of the uh problems that we try to solve and we believe that's uh one of the product that can define the

20. 8:07

    product market fit because um in the end people don't want to rely on the bridge too much uh yeah it's it's too risky on that front. So uh the last part is the smart collateral system. Um no matter where we go on the crosschain solutions, we still rely on near because near is part of our infrastructure already since day one. So what we try to do with smart collateral system is we're going to build um a solutions where near token can be supplied as a collateral from any

21. 8:38

    chain but we're going to uh convert that to the LST token on the back end. So they still going to earn the yield and we not uh there is no uh foundation uh bootstrapping the liquidity. They don't need incentive. They simply rely on a validator and get it get the yield directly. While they still can build a crosschain position for that which is um with the liquid staking token they build a collateral positions and they borrow assets against it.

22. 9:04

    Well, uh, RIA itself, uh, has go live, um, trading on most of the venue that you can see, uh, even in, uh, the US market, we has been serving the through the Binance US. Um, we go live with the new token um, I think July 2025 after we merged the previous token. So, ref R ref and borrow token has been merged uh, to the RIA token um, simply to redefine the market um, product market fit. As long as we we stick to the near int narrative, then uh that's how we want to

23. 9:36

    build. Yeah. Team members um our CTO is um the early contributors for near we are um well he's the one who translate all this uh near white paper into Chinese. Then uh Zero is our CEO. Uh he's not here today but he is the uh early contributors for ZKing. uh and that's how we are confident enough to build uh privacy solutions in the uh Q2.

24. 10:03

    Well, there's uh myself and uh Ilia and Bowen is our advisor. Bowen is previously uh head of defy for near and Ilia himself is the founder of Nar. Well uh the interesting part of RIA itself the correlation uh how how we get connected with Ilia RIA itself is founded by Ilia back in 2021 uh with the uh previous um with the early DeFi team uh under the name Ref Finance and they hand over to to our team to uh operate

25. 10:34

    because um yeah it's it more it make more sense from the community level. Um so here are our partners and investors uh since day one and yeah you can access ria crosschain uh with x.rea.inance and on the near chain site you can app.ria finance. That's it. Thank you.