Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
RHEA: The Soul of DeFi
Recorded: Aug. 12, 2025 Duration: 0:35:18Space Recording
Short Summary
Real Finance is making waves in the DeFi space with its recent project launch and token issuance, aiming to enhance liquidity and community engagement through strategic partnerships and innovative features. The COO, Escobar, emphasizes the importance of user satisfaction and security as the platform prepares for significant growth.
Full Transcription
Thank you. Thank you. Hello, Real Finance.
Can you hear me? All right, awesome.
So let's get started then since we have quite a few people tuning in.
We've gone very more.
So awesome.
Let's get started.
So first of all, welcome everyone to our Gay Live AMA.
And we're very, very excited to get this started.
And we have a very special guest today
we've got real finance and to support real finance we've got Escobar who is the COO of the project so
we're very excited to have you here Escobar and all of us at GATE we're excited to learn more
about real finance what the project is about what we can look forward to in the future,
and more exciting things along the way.
So before we get started, I just want to say that
to all the listeners, we have an additional $100 worth
of RIA tokens up for grabs for AMALI participants.
So make sure to like, share, and drop your questions
in the comments below.
And we'll pick some of the best questions for Escobar to answer. So awesome. So first of all,
welcome Escobar. Would be nice if you could give a brief introduction about yourself and
explain what Rio Finance is to our listeners. Oh, yeah.
I'm not Escoba, by the way.
So maybe we wait for a few moments.
Yeah.
Oh, yeah.
Sure, sure, sure. Thank you. Thank you. Hello, hey there. Hey there Escobar?
Hello, hello Escobar, can you hear me? Hey, Real Finance. Hello, Escobar. Yeah, I can hear you. Is it Escobar?
Yeah, it's Escobar, yeah.
Okay, okay.
Awesome, awesome.
So, awesome.
Really excited to have you here with us, Escobar.
As I mentioned earlier, we're excited to learn more about Real Finance, you know, everything
about the project and about the future as
well.
So, yeah, it would be cool if maybe we can start off with an introduction about yourself
and what is Rio Finance.
Yeah, for sure.
Thank you so much for hosting.
So, I'm Escobar, COO of Rio Finance.
Rio Finance itself is the previously REF and Borrow,
which is the biggest tax and the biggest landing on NIR protocol,
which has been focusing on the NIR DeFi itself,
addressing all this community activity around liquidity.
We have merged to a new entity called RIA Finance back in February
2025 and decided to merge our RE and Barrow token into one and also issue a new token, Korea token.
That's a little bit of background.
Ref Finance itself originally founded by our first line code, right?
It by Ilya Polosukin himself, which is the founder of NIR.
by Ilya Polosukin himself, which is the founder of NIR. And it was handed over to the team,
which is to my team to take care on the operation side and innovation and also the development
on a future alignment with the NIR tech stack. On my side, personally, I used to run one of the largest Bitcoin breach in the ecosystem, which is that's aligned with RIA background right now is focusing on a chain signature.
The day I focus on Bitcoin breach is just a lot of liquidity fragmentation.
And I decided to join RIA because we have the same vision what to be delivered to the market, which is inter-probability and also user experience.
So yeah, thank you for having us today.
Wonderful, thank you very much Azkabar.
So yeah, it's really awesome that you've given a very
like roundup answer of what Rio Finance is
and we're excited to kind of dive deep into it as well.
So given that it's part of the near ecosystem and so on,
so why is real finance so important
for the growth of the DeFi ecosystem?
Well, yeah, it's a very interesting question.
So you mentioned it's a growth of the DeFi ecosystem.
It's not for Nier ecosystem itself,
because think about all this product built
on top of other web services, right?
We treat Nier as one of our key protocol aligned with us
to build all this infrastructure for this DeFi
to make sure
there's no liquidity fragmentation.
Utilizing near tech stack is something that has been our goal since day one,
how we can emphasize their tech stack to the market,
make sure it's become an application where I can deliver all this
liquidity focus in in the divide ecosystem
so uh why ria is important um thing about ria is not just for the near users um there is no
there's no border for users to use ria because um an example you're talking about bitcoin people say
that bitcoin there is no divide because there is no smart contract um it just doesn't make sense then apparently we can deliver that to the bitcoin
ecosystem we have spin off um a btc.ria which is it's a native btc defy it's still using near
uh change signature tech stack but it addresses all um um the btTC capability in the DeFi ecosystem,
such as supply BTC as a collateral,
and then they can borrow out some assets,
they can trade, or they can leverage trade using their BTC.
That's how important it is.
The next step is we have been start looking
into another EVM ecosystem.
We'll start with BNB.
That's aligned with our token issued on BNB.
With that being said, all those BNB users can simply connect their BNB native wallet
or even Binance wallet can be used directly on RIA, which is they can supply assets,
they can do it, they can stake their RIA token, then uh upcoming they will be able to use that um
to trade on top of ria as well uh without bothering that hey i need a near near wallet account um
well it's just it's just too much for users to take care of a lot of seed phrase um and even
using gate wallet it's doable right do uh use do a transactions from gate wallet from
bnb chain and then you can just do transaction come up near it's also do uh support supported
on via per today so um that's um how important it is you think about liquidity fragmentation is no
longer fragmented it's all just one single application happen to be
using near tech stack where we believe the most in terms of security uh finality and all this um
uh transactions uh speed right so that's that's the main focus on how cheap the the gas fee is
the gas fee is.
Even in NIR, it allow us to use XRIA,
which is one of our utility token,
as a gas fee, which is pretty interesting.
You don't need to care about,
hey, I'm from BTC, I'm from BNB,
I'm from whatever the chain is.
We abstract away, it's just the RIA as the application.
You have RIA as the home of the liquidity for you
wonderful wonderful that's very clear to see how uh ria finance is really going to dominate the
ecosystem as well so moving on to the next question this is something that you know a lot of users
have been asking about which is the ria token right so uh so the next question is is something that you know a lot of users have been asking about which is the RIA token right so so the next question is how does a RIA token play a role in the whole RIA
ecosystem yeah so RIA token itself have three tokens inside of the token design
so a lot of people have been playing around with points a lot of people have a lot of people have been playing around with points. A lot of people have, a lot of projects
has been playing around with whatever reputation.
But for us, it's not limited to reputation.
It's not limited to point.
It's more gamified, but it's also liquidity focus.
But then the experience must be a dex uh must be a divi native users
because they gonna care on chain transaction the most so uh we designed this token design with um
three component which is ria is the tradable token and um there is xria where user get xria by staking area and um xria itself have a
bunch of you of utility on top of it which is um in the security wise it's totally safe even um in
the in the utility wise is utility was pretty interesting so XRIA can be spent as a gas fee.
That's the upcoming one.
And also XRIA can be supplied as a collateral.
That will go live in probably two to three days.
Right now, XRIA can be locked,
and then it boosts your lending incentive.
So an example, you have 4% APY,
and then you stake like,
and you lock like six months timeframe,
X amount, let's say 10K of XRIA, at the example.
Then you're gonna have another extra 1% to 2% yield,
which is very interesting.
You just deposit stablecoin,
and then you can get 11% yield.
I'm not sure, can get 11% yield. I'm not sure.
Single deposit, 11% yield. It's quite interesting enough for the market. That's how we address
how we design XRIA. And then the other utility of XRIA itself is xria will be um yeah xria will be suppliers of collateral and then they can earn
oria token and oria itself is an incentive token um instead of getting uh giving users ria directly
um after they get a point the point will be convertible to oria with a certain time frame
and a certain price range.
And these Aurea have a fasting period.
The longer fasting they choose, then more Aurea they get.
And the more Aurea they get, then the high chance they get more Aurea token.
But the conversions of Aurea to Aurea,
it's all based on their on-chain transactions
and also on-chain reputation how much they have involved
in the whole ria ecosystem um in terms of product or features yeah so that's that's how we designed
the ria token wow we were very informative and and it's very clear to see how the ria token plays
such an important part within the ecosystem
and it has a lot of value for users as well.
So that's really, really cool.
So building on how RIA token plays a part as well, it would be interesting to know the
future plans for RIA Finance as well.
So could you tell us a little bit about what the roadmap looks like for RIA Finance?
Yeah. could you tell us a little bit about what the roadmap looks like for real finance yeah um
pretty well i i just gonna refill all this alpha if it's about room in in a very close time we have
um we have x btcs lending we also gonna have a cross-chain lending deposit, which is enable any assets from other chain.
Let's say even non-smart contract chain, let's say XRP.
Well, people don't like Cardano Pro, but let's say Cardano or Stellar, Trezor, all these tokens will be depositable directly from their native chain
or even from their native wallet directly on landing without having near wallet.
So just put aside about near wallet.
Even all these OKEx, gate, whatever whatever all the wallet don't need to support um
near perspective let's say and then you can just inter you can just connect from the source chain
directly if the wallet supported that chain um so and that's the one of the major things that we
want to deliver and then next things we have a vault so um in the market
probably people familiar with vault as in a vault on top of the lp right uh adjusting lp strategy
uh on the concentrate liquidity or uh automated liquidity it's all it's all makes sense. But we see it in another way, how users can get a max APY
without any improvement loss, without any other downside.
So how we do it to make sure we have a sustainable revenue
as well for Riyang.
We're going to create a vault that enables users to deposit,
let's say, Nier token or USDC or BTC token.
And we're going to loop that assets for them. We thought they need to care about,
hey, I need to supply and I need to borrow.
I need to pay attention on the LTV. I need to pay attention on
the liquidation price um
everything it's just too much for the users right um if you go to bank probably no one mentioned to
you hey you get liquidated but they're just gonna tell you like how much yield you get so that's how
we implement the concepts um usually should just focus on the yield, what they can get on top of it.
So we got to develop a fault that then,
let's say the BTC, back to BTC.
Supply BTC as a collateral,
and then we borrow out stablecoin,
and then we help them to loop that to,
let's say, other chain or other ecosystem
that probably have more yield.
We're gonna aggregate that yield
and see that where's the best opportunity for us.
Then we loop that.
And then for NIR assets,
we are going to launch our LST in two days.
So we're going to have a NIR deposit as well.
User deposit NIR,
and then we're going to stake that on our LST.
And then on top of our LST,
we're going to loop that on lending.
Then we borrow our stablecoin, and then how we can loop that back to near and generate revenue for them.
So sorry, generate APY for them.
So it's basically how we want to maximize users liquidity to make sure it's efficient as possible.
And they just get they just need to care about how much APY I can get,
which is with a very low risk of liquidation as well. Then on top of that, we're gonna have AI Vault.
The AI Vault product itself is very interesting.
If you ever think about asset management application,
you just click on, hey, I want to invest my
USD to this kind of risk, let's say low risk or high risk. Then we're going to implement the same
with the AI to get this user portfolio behavior. And then we decided like, hey, normally you invested on the low risk situations.
But today, this is what we recommend in terms of vote.
And then you can deposit directly.
This is the concept that we offer and the yield
that you can get.
So that's one of the things that we
want to focus on in Q4.
But in parallel, we're going to have a lot of chain
being supported on RIA.
Yeah, especially EVM is quite easy.
Because we have BNB live right now,
we're just going to see a lot of more native chains supported.
Yeah, we thought the liquidity won't leave near.
Liquidity stay on near. It's just
we aggregate every user experience to one place. Yeah. Awesome. Thank you very much for that. Very
nice to see the future kind of plans in place for you as well and lots of improvements going on
there as well. So really awesome. And I'm sure our listeners are excited to hear about that as well. So thank you for that. And now
we've concluded the first part of the AMA where we can dive into, you know, what Real
Finance is, a little bit about their mission and vision, what we can look forward to in the future uh their token and so on so now let's
move on to the second part where i kind of go through some of the questions that users have
submitted and see if there are any um questions that look pretty interesting so i see all over
So I see over 500 questions.
So it's pretty crazy.
One second.
So the first one is, what are some of the biggest challenges
you faced or real finance has faced
when building this protocol?
This is from Mali 7U.
What's the biggest challenge you face?
Yeah, the challenges, yeah.
Community satisfaction.
I think it's the most challenging part.
We need to find the best way how everyone can be happy um so far uh community
sentiment was very good um well we just tracked back back in the days when we launched our token
30 july it's just like 12 days ago uh we have some issue when when claiming the airdrop people
just thinking hey what's happening uh why we cannot claim the airdrop? Even a lot of projects set up a very strict restriction.
They charge a penalty if you claim your airdrop directly
on day one.
We are not doing that.
It's simply we mismanage some technical issue.
But then when they claim their airdrop,
everyone is happy because we know
that who's supposed to be incentivized.
And we know that who is the most important in the market.
If you haven't got the airdrop back in the days,
then it doesn't mean you're not important
it's just we have we have 26 of token the um committed just for this allocation incentive
airdrop whatever in the future uh it's it will be distributed from time to time but think about
um the sustainability of the sustainability of the project is just not, hey, this is 26% and I'll deliver everything into day one.
The way that we deliver things is not that way because we see a lot of very good community members who apparently they are farming airdrop, but they stay and they stick with us.
who apparently they are farming airdrop,
but they stay and they stick with us.
Even though they just simply stake their token,
they decided to stake with the yield that's been over.
So I can say it's all about human to human.
Tech is not hard to build.
Tech is a lot of expertise know how to deliver the tech, but it's all about the
service because in our principle, business is service. And who we are serving is the community.
So we believe that to find the best way to incentivize everyone and to make everyone happy is the most challenging part
back in the days.
But I think right now, everyone was showing quite good
sentiment and quite excited with what we are working on.
We have at least 16 announcements line up
that probably gonna change the situation on the default market.
that probably going to change the situation
on the default market.
Awesome. Thank you for that.
Definitely building trust from your users is a very hard thing to do in that three until you actually do it.
And that's really cool. Thank you for that.
So building up on that, I see another question from Sandy Canil, which goes,
so how do you plan to grow the community in the coming months?
Sorry?
Grow community in the upcoming months?
Yeah.
Will you be having some events or any activities
to help grow the community?
Yeah.
We have an event soon in Coinbasebase in bali uh in one week
and then well that's alpha we haven't announced that um then we're gonna have an event in kbw
um it's about community catch up um then um about growing our community we're gonna start
About growing our community, we're going to start kickoff regional community.
So if you are someone, well, we don't try to limit this, but our resources is quite limited.
We're going to start with China, Vietnam, Korea, and Indonesia as a top four community that we are going to grow. And we have team member there and quite good presence
in the market, especially our users.
So we're going to focus on that four region at first.
Oh, and Russia.
Russia is also a very good community.
Yeah, that's part of the way we want
to play around to grow the community incentive and also make it sustainable.
Awesome. Awesome. Thank you for that.
The next question is from Jenna Edit.
So it goes for real finance, what kind of collaborations are you looking to? what kind of projects are you looking to collaborate with in the future?
Should I drop the exact one or I can say whatever?
Yeah, you don't need to drop the exact one. You can just give your rough ideas also yeah we're gonna see huge tvr pop happening in in ria we are not into
tvr game but um we have a very good strategy on um onboarding um liquidity It's a retail liquidity and it's not institutional or whatever. And we
partner up with some good assets in the market that are already well known. We are not playing
around with institution at all. It's pure community and it's pure wales community
so that's our our main focus to deliver um well everyone is going to compare about tvl and also
uh market price fdv of the projects uh for us f FDV, of course, is important. Everyone banks is important. You guys
are investors, those who are having token, whatever. But it's more about investing in an
alignment that we are building. It's not just about liquidity, right? Investing alignment as in supporters always believe on what we try to deliver and what
changes that we can do in the market.
Yeah, that's how we say it.
I can say one of the entities already everywhere who are going to work with us, they are one
of the best BTC solution in the market.
Awesome, awesome.
Thank you for that.
The next question is from DeFi Gamer,
and it goes,
so what measures are there in place to ensure the security
and like the overall security of real finance as a platform?
You can give a rough answer for this as well. Oh, security? Okay. and like the overall security of real finance as a platform.
You can give a rough answer to this as well.
Security, okay.
We have BlockSec, we have Tasis.
If you guys know Tasis Defense who have been focusing on all this BTC audit.
BlockSec is all change in nature and LST audit, LP.
They are quite familiar with all this Nier code.
Then we have another four entity
that provided by Nier Foundation
who support us all on this audit stuff you can check
on the website we are fully audited and our our contract is all audited like probably um once
every three to six months every single every single quarter probably uh in every and every
decision making that we do like in terms of contract we're just going to do audit
yeah it's very transparent it's all about um community security right
awesome awesome thank you for that and now for the last question is from christicle and it goes um
are there any plans to expand to other l2s like Arbitrum or ZKC or will RIA remain near COVID?
We are going to expand to a lot of chain, like I mentioned,
but not L2, OK?
We are not anti-EVM.
We are one of the big fans of EVM.
That's why we have BNB.
But again, it's more about alignment.
What change signature can take care of is the most important for us.
Instead of, hey, there's liquidity, there's community, there's grant, and we go there.
Because we are quite old projects.
We are here since 2021.
We have to go through the cycle of Luna. is we are quite old projects. We are here since 2021.
We have to go through the cycle of Luna.
We have to go through the cycle of FTX.
So we have to go through that cycle.
We have to go through that cycle of a lot of shitty cycle.
So it's really all about alignment.
Revenue is important,
but revenue is
more into how far
the innovation we can do
and how far research
that we can develop.
That's the game plan.
Awesome.
Awesome. Thank you for that.
And yeah,
we've pretty much covered
the five user questions. Thank you for that and yeah we've uh we've pretty much covered the five uh user questions so
thank you for that we'll uh i'll post more on that on how you can reach out to us later so
yeah i want to say thank you to us for sharing everything about real finance we got to know
about you know what you guys are doing um how you guys are you know being different in the defy space
how you guys are you know being different in the d5 space well we can look forward to in the future
and the token as well so it's really awesome and thank you very much Escobar for sharing
everything I'm sure the community is also excited to support the RIA token on gate as well. And yeah, as a closing remark, is there anything we'd like to share to our gate listeners?
Yeah.
First is trade on gate.
Gate team is our good friend.
I love the whole listing team.
Katrin, shout out Katrin Ava.
Thank you so much for all the support.
And also the marketing thompson
yeah it's been amazing working with great and the next thing is if you're a yapper
keep yapping for ria um if we ever uh see that season one is not that good for you
that doesn't mean season two is not good for you as well if you are um farmers point uh liquidity
airdrop looking for token looking for incentive we have season two kickoff soon and that will
be incentivized with aria token that you can convert to ria so yeah explore explore defy explore um whatever uh you can make sure you uh do you uh do your own
due diligence um but um yeah ria ria is quite safe for you to interact and learn all about defy
awesome awesome awesome awesome thank you very much as Azkabar. Thank you to Real Finance for joining.
And, yeah, and for all the listeners,
please make sure to show some love to Real Finance,
follow their Twitter,
and then check them out on Gate as well,
trade their token.
And, yeah, hopefully see you all soon.
And we'll be super excited to have Real Finance again
in our future sessions as well. Thank you. Thank you very much. Yeah, thank you very much, Azkabar to have Real Finance again in our future sessions as well.
Thank you very much. Yeah, thank you very much, Skabar and the Real Finance team.
Thank you to our listeners and we'll see you all soon.
Thank you. Have a good one. Bye-bye.
Speaker
Rhea Finance
from
Rhea Finance
