RHEA LST

RHEA LST receives a B- risk grade (28/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — standard liquid staking model with beneficial DEX and lending integration, but smaller scale and merger-related integration risk warrant attention. RHEA LST is a liquid staking product on the NEAR blockchain from Rhea Finance, which was formed by merging Ref Finance (NEAR's largest DEX) and Burrow Finance (NEAR lending protocol). Users stake NEAR and receive rNEAR, a yield-bearing token that can also be used as collateral in Rhea's integrated lending markets. With $12M TVL, it's a smaller but vertically integrated competitor in the NEAR liquid staking space.

The key risks identified for RHEA LST are: (1) rNEAR has lower secondary market liquidity compared to dominant NEAR LSTs like LiNEAR and Stader, meaning you may face slippage when trying to sell large amounts quickly (2) The ability to use rNEAR as collateral for borrowing enables leveraged staking — if NEAR price drops sharply, leveraged positions can be liquidated in a cascade (3) Rhea Finance was formed from a merger of two separate protocols, and the integration of different codebases could introduce unexpected bugs at the interface layer

RHEA LST scores 28/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 3/20, Oracle Surface: 2/10, Documentation Gaps: 4/10, Track Record: 7/15, Scale Exposure: 3/10, Regulatory Risk: 3/10, Vitality Risk: 6/10. The highest risk area is Vitality Risk at 6/10.

Among 81 rated Liquid Staking protocols on Hindenrank, RHEA LST ranks #28 by safety (lowest risk score = safest). Its 28/100 risk score and B- grade place it in the middle tier of Liquid Staking protocols.

RHEA LST scores 7/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.