Recently, there have been calls for "Defi Summer is back", and Defi is quietly undergoing a renaissance, with TVL hitting the highest point of the bull market defi summer. But the most significant difference between this round and the previous round is: Defi Summer is no longer dominated by Ethereum, and multi-chain bursts will become the main tone of this round of Defi Summer. DeFi opportunities outside Ethereum, DeFi opportunities outside the EVM ecosystem cannot be ignored. The data on the @NEARProtocol chain of the established public performance has accelerated, and the growth rate of intent transaction data has accelerated, with the 24-hour trading volume of DEX exceeding $12 million. The Near ecosystem leader protocol @rhea_finance occupies a pivotal ecological niche. Finding defi opportunities in the Near Chain ecosystem is essentially an opportunity to find the ecological niche leader @rhea_finance. @rhea_finance As an ecological hub, it revitalizes the liquidity of the entire Near chain, and according to Defillama data, the market value of stablecoins on the Near chain (USDC + USDT) reaches $68 million, most of which comes from Rhea's lending business. Backed by the strong support of the Near Foundation and the on-chain abstract narrative, Rhea has started a multi-pronged DeFi renaissance on the @NEARProtocol chain at the business level. 1/ Introduce a three-token economic model: RHEA/ xRHEA/ oRHHEA to build an economic flywheel; $RHEA As the core token of the protocol, all functions of the platform are unlocked. xRHEA is a staked certificate of $RHEA that is used to pay platform transaction fees and gas; oRHEA serves as a reward token to incentivize platform participants, which can be converted into $RHEA / xRHEA based on the user's reputation system; 2/ Launch of multi-chain LST token - rNEAR; Based on the Near ecosystem's complete intent layer + chain abstraction, Rhea is about to launch $NEAR multi-chain LST token rNEAR, which will greatly improve the liquidity and composability of $NEAR tokens. In addition, @rhea_finance Chain Abstraction has supported the Bitcoin network to attract BTC liquidity, and will soon support BNB's native liquidity to provide BNB with a diversified interest-bearing strategy, among others. The DeFi Renaissance of the NEAR Chain has already emerged, will the Renaissance of other public chains be far away?