A Major Step Forward for NEAR Mobile
We are excited to announce a major update to NEAR Mobile that brings two groundbreaking features: NEAR Intents v1 integration and Rhea Finance integration. This update represents a significant leap in making Web3 more accessible, efficient, and user-friendly.
With NEAR Intents v1, NEAR Mobile now enables seamless cross-chain swaps and the ability to control addresses on other blockchains directly from within the wallet. This means users can receive and send tokens across different chains without the complexity of manual bridging or switching networks.
Additionally, our Rhea Finance integration provides users with a powerful DeFi experience inside NEAR Mobile, offering token swaps, lending, and staking opportunities—all in one place. These advancements not only improve usability but also push NEAR further as a leader in blockchain innovation.
NEAR Intents v1: A Simplified Cross-Chain Experience
Blockchain transactions should be simple and seamless, no matter what chain you are interacting with. With this latest update, NEAR Mobile users can now execute cross-chain swaps and interact with addresses on other blockchains, all from within the NEAR wallet.
What does NEAR Intents v1 enable?
🔄 Cross-chain swaps – Easily swap assets across different blockchains without needing bridges or wrapping tokens. 🛠️ Control external addresses – Send and receive assets on other blockchains directly from NEAR Mobile.
This is just the beginning. The first version of NEAR Intents lays the foundation for a fully chain-abstracted experience where users no longer need to worry about the underlying blockchain infrastructure.
Rhea Finance Integration: A New Era for DeFi on NEAR
With the recent merger of Ref Finance and Burrow Finance, NEAR now has a unified DeFi hub: Rhea Finance. This new platform combines the best of both worlds—the leading decentralized exchange (DEX) and lending protocol—into a single powerhouse for DeFi on NEAR.
With NEAR Mobile’s latest update, users can now:
- 🔄 Swap tokens easily using Rhea’s LP & Swap services.
- 💳 Earn 10-14% yield on USDC by lending assets through the Lend & Borrow feature.
- 🔒 Access DeFi services directly from their wallet, with a streamlined user experience.
Rhea Finance not only makes DeFi more accessible but also strengthens NEAR’s position as a competitive ecosystem for on-chain financial products.
Looking Ahead: A More Native NEAR Intents Integration
This release is just the first step. While NEAR Intents v1 enables basic cross-chain interactions, the next phase will introduce a fully native integration, making cross-chain transactions feel effortless.
With the upcoming version, users will be able to:
- 🔄 Interact with multiple blockchains natively, without realizing they are switching networks.
- 🛠️ Enjoy abstracted transactions, where assets move seamlessly across chains in a single tap.
- 🚀 Experience the easiest multi-chain wallet ever built.
By removing friction, NEAR Mobile is moving closer to a Web3 experience where blockchain complexity disappears, making it as intuitive as using any Web2 application.
NEAR’s Vision: Innovating for Real Adoption
Unlike many blockchain projects focused solely on EVM compatibility, NEAR takes a different approach: building technology that makes Web3 more usable for the masses.
With innovations like chain abstraction and NEAR Intents, NEAR is pioneering a new era where users don’t need to understand the technical details of how blockchains work—they just transact.
Chain abstraction is the future of blockchain UX, and NEAR is leading the charge. By ensuring that users can move assets seamlessly and interact with multiple networks effortlessly, NEAR is solving some of the biggest challenges preventing mainstream adoption.
Get Started Today
📲 Update NEAR Mobile now to start using NEAR Intents v1 and explore Rhea Finance directly from your wallet.
🚀 Stay tuned—we are just getting started! The fully native NEAR Intents integration is coming soon, bringing an even more intuitive cross-chain experience.
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