Total Value Locked$179.55m
TVL by Chain
Near$179.55m
Key Metrics
Fees 30d$240,155
Fees 30d by chain
Near$240,155
Fees 7d$61,987
Near$61,987
Fees 24h$11,316
Near$11,316
Cumulative Fees$5.47m
Near$5.47m
Revenue 30d$60,926
Revenue 30d by chain
Near$60,926
Revenue 7d$15,595
Near$15,595
Revenue 24h$2,721
Near$2,721
Cumulative Revenue$1.38m
Near$1.38m
Active Loans$27.13m
Total Raised$5m
Mar 31, 2022$5mRound: Investors: Dragonfly Capital, ParaFi Capital, Jump Crypto, Lemniscap, Mentha Partners, Warburg Serres Investments, QCP Capital, DeFi Capital, D1 Ventures, GFS Ventures, SevenX Ventures, IOSG Ventures, Kronos Research, Move Capital, Metaweb Ventures
Protocol Information
Rhea Lending is a decentralized, non-custodial, pool-based interest rates platform that enables users to supply assets to earn interest, and to borrow against them to unlock liquidity. Burrow is similar in nature to Aave, Compound, and other pool-based protocols.
Audits:
Methodology
TVL: Summed up all the tokens deposited in their main lending contractView code on GitHubFees: Interest paid by borrowersView code on GitHubRevenue: Percentage of interest going to treasuryView code on GitHubYields
Pools Tracked6
Average Supply APY11.1%
Hacks
Date: Apr 16, 2026
Amount: $18.4m
Classification: Oracle Manipulation
Technique: Spot Price Manipulation
Chains: Near
Language: Solidity
Target Type: DeFi Protocol
Competitors
Rhea Lend history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Mar 14, 2022 to Oct 27, 2026.
All-time high TVL: $273.62m on May 26, 2024. All-time low TVL: $60,382 on Mar 14, 2022.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $214.29m |
| Sep 29, 2026 | $192.47m |
| Sep 30, 2026 | $197.85m |
| Oct 1, 2026 | $212.66m |
| Oct 2, 2026 | $193.05m |
| Oct 3, 2026 | $186.01m |
| Oct 4, 2026 | $190.86m |
| Oct 5, 2026 | $195.92m |
| Oct 6, 2026 | $207.89m |
| Oct 7, 2026 | $202.28m |
| Oct 8, 2026 | $212.69m |
| Oct 9, 2026 | $181.37m |
| Oct 10, 2026 | $194.15m |
| Oct 11, 2026 | $210.87m |
| Oct 12, 2026 | $233.93m |
| Oct 13, 2026 | $204.47m |
| Oct 14, 2026 | $204.84m |
| Oct 15, 2026 | $189.36m |
| Oct 16, 2026 | $204.22m |
| Oct 17, 2026 | $197.17m |
| Oct 18, 2026 | $189.04m |
| Oct 19, 2026 | $194.03m |
| Oct 20, 2026 | $189.41m |
| Oct 21, 2026 | $191.91m |
| Oct 22, 2026 | $209.84m |
| Oct 23, 2026 | $194.95m |
| Oct 24, 2026 | $182.13m |
| Oct 25, 2026 | $178.84m |
| Oct 26, 2026 | $181.72m |
| Oct 27, 2026 | $178.41m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $222.9m |
| Dec 31, 2024 | $170.98m |
| Jan 31, 2025 | $159.12m |
| Feb 28, 2025 | $111.07m |
| Mar 31, 2025 | $110.69m |
| Apr 30, 2025 | $108.39m |
| May 31, 2025 | $109.93m |
| Jun 30, 2025 | $103.41m |
| Jul 31, 2025 | $124.98m |
| Aug 31, 2025 | $109m |
| Sep 30, 2025 | $122.33m |
| Oct 31, 2025 | $100.82m |
| Nov 30, 2025 | $94.45m |
| Dec 31, 2025 | $83.53m |
| Jan 31, 2026 | $75.58m |
| Feb 28, 2026 | $61.37m |
| Mar 31, 2026 | $72.58m |
| Apr 30, 2026 | $73.98m |
| May 31, 2026 | $102.27m |
| Jun 30, 2026 | $81.85m |
| Jul 31, 2026 | $73.79m |
| Aug 31, 2026 | $77.55m |
| Sep 30, 2026 | $197.85m |
| Oct 27, 2026 (latest) | $178.41m |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $12.18m |
| Dec 31, 2023 | $61.88m |
| Dec 31, 2024 | $170.98m |
| Dec 31, 2025 | $83.53m |
Fees and revenue by UTC calendar month, May 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| May 2025 | $236,696 | $59,174 |
| Jun 2025 | $600,791 | $150,201 |
| Jul 2025 | $542,366 | $135,595 |
| Aug 2025 | $653,725 | $163,432 |
| Sep 2025 | $621,696 | $155,426 |
| Oct 2025 | $419,398 | $104,851 |
| Nov 2025 | $291,697 | $72,923 |
| Dec 2025 | $224,997 | $56,248 |
| Jan 2026 | $263,231 | $65,808 |
| Feb 2026 | $116,833 | $29,211 |
| Mar 2026 | $188,897 | $47,226 |
| Apr 2026 | $266,342 | $68,516 |
| May 2026 | $155,243 | $38,947 |
| Jun 2026 | $193,574 | $48,422 |
| Jul 2026 | $134,009 | $33,497 |
| Aug 2026 | $153,819 | $42,575 |
| Sep 2026 | $193,539 | $48,457 |
| Oct 2026 (to date) | $228,306 | $57,781 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/rhea-lend
Frequently asked questions
What is Rhea Lend's TVL?
As of Oct 27, 2026, Rhea Lend has $179.55m in total value locked. TVL has decreased 9.7% over the past 30 days.
What chains does Rhea Lend operate on?
Rhea Lend operates on Near. Near holds the largest share at 100%.
How much has Rhea Lend generated in fees and revenue?
Over the past 30 days, Rhea Lend generated $240,155 in fees. Of that, $60,926 was protocol revenue. Based on the trailing year, the annualized rate is $2.47m in fees and $625,302 in revenue.
How does Rhea Lend's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Rhea Lend ranks #22 by TVL. The category holds $52.102b across 518 protocols, and Rhea Lend accounts for 0.3% of that total. Similar protocols include Templar Protocol, Nearlend DAO, Aave V3, Morpho Blue, SparkLend, JustLend V1, Maple, Hyperliquid Earn, Compound V3, and Kamino Lend.
How much has been borrowed through Rhea Lend?
As of Oct 27, 2026, Rhea Lend has $27.13m in active loans.
Has Rhea Lend ever been exploited?
Rhea Lend has 1 recorded security incident. The most recent incident occurred on Apr 16, 2026 and involved $18.4m. It was classified as Oracle Manipulation.