TL;DR:
Treehouse is building a fixed income layer for DeFi by introducing benchmark interest rates and tokenized income-generating assets to bring stability to crypto yields.
Decentralized Offering Rate (DOR) is an on-chain benchmark aimed at standardizing interest rates in DeFi, similar to LIBOR or SOFR in traditional finance.
tAssets (such as tETH) allow users to earn yields while maintaining full composability across multiple protocols and chains.
TREE is not only a governance token but also used for interest rate setting, incentivizing data accuracy, and funding the development of the ecosystem.
For Binance users who are new to TREE, how can we introduce Treehouse in the simplest way?
Treehouse is the fixed income layer for DeFi — we establish benchmark interest rates through Decentralized Offering Rate (DOR) and provide tokenized income-generating assets (tAssets) for predictable returns in DeFi.
DeFi has revolved around yields since day one. What prompted you to decide that DeFi needed its own fixed income layer?
While DeFi offers yields, it lacks a structured system. Interest rates are volatile, there is no unified benchmark, and risk-adjusted tools are insufficient — making pricing and comparative opportunities difficult.
In traditional finance, the fixed income market is built on reliable benchmarks, transparent pricing, and structured risk frameworks — all of which are currently lacking in DeFi.
With growing institutional interest, the market urgently needs predictable, transparent yield infrastructure. Treehouse provides reference interest rates through DOR and tokenized income assets through tAssets, enabling sustainable, composable capital formation.
What has been the most significant milestone since TREE's launch?
We believe there are three aspects:
Protocol adoption — tETH has been integrated into Aave, Compound, Pendle, Euler, and expanded to Mantle and Arbitrum, with plans to launch on Solana and Avalanche next.
TVL Growth — Since September 2024, TVL has increased by over $500 million, with more than 60,000 tAsset holders.
DOR Launch — Now officially operational, publishing interest rates daily, aggregating contributions from review panel members, and integrating with operators like CoinDesk Indices and ether.fi. This will serve as the foundation for a benchmark-driven fixed income market in DeFi.
tETH is the core product of Treehouse. How does it work, and where can users deploy it?
tETH is a yield-bearing liquid staking token designed to unify ETH interest rates while maintaining full composability.
Its sources of yield include:
Staking rewards for underlying ETH obtained through wstETH.
Market Efficiency Yield (MEY) from interest rate arbitrage.
Point rewards from activities like GoNuts Season 2.
Users can deploy tETH on Aave, Compound, Pendle, and Euler — earning yields while using it as collateral or providing liquidity.
Treehouse refers to DOR as the on-chain LIBOR or SOFR. Why are benchmark interest rates so important for DeFi?
DOR will publish transparent benchmark interest rate curves on-chain, generated daily by an expert panel based on on-chain metrics, validator data, and proprietary models.
Benchmark interest rates can bring consistency, comparability, and pricing transparency to lending and structured products — all of which are key elements in building a scalable fixed income market in DeFi.
How can users verify interest rates, fund pool allocations, and yield situations?
All data is publicly available on-chain and can be viewed via the DOR Dashboard, including submitted data from expert panels, prediction accuracy, and historical interest rates.
For tAssets, the allocation strategy, staking flows, and annual percentage yield (APR) can all be viewed through the Treehouse dApp to ensure complete transparency.
Besides governance functions, what other uses does TREE have?
TREE supports participation in DOR (including reviewer staking and interest rate rewards), grants access to benchmark data, funds ecosystem incentives, and is used for governance decisions that drive the future development of Treehouse.
Pre-Deposit Vaults offering annual percentage yields of 50–75% have garnered attention. How can these yields remain sustainable?
These are limited-time launch incentives supported by protocol growth allocation funds, aimed at aligning TREE holders with the early expansion of DOR. Over time, yields will gradually return to normal levels to reflect protocol revenue and data monetization capabilities.
Treehouse's tokenomics features a longer unlocking period. How does this promote stability?
More than one-third of TREE supply is allocated to the community. The shares for the team and investors will be gradually unlocked over several years, with lock-up periods in place to prevent short-term speculation and ensure long-term interest alignment.
How does Treehouse differ from other yield-generating protocols?
Treehouse is not just a liquidity mining protocol; it is also infrastructure. We provide foundational modules for the DeFi fixed income market: tAssets, DOR, and the TREE token as a connecting link. Our focus is on sustainable, transparent returns rather than short-term rewards.
What are the next steps for tAssets?
We will expand from Ethereum, Mantle, and Arbitrum to launch tAVAX, tSOL, and tBNB, bringing our fixed income layer to more public chains.
Will TREE have deeper integration with Binance?
Yes, TREE has already entered Binance Earn and the Booster Program. We are exploring the deployment of tBNB on the BNB Chain and planning joint marketing activities with Binance to educate users about real yields in DeFi.
What is the most impactful action for TREE holders right now?
Stake into Pre-Deposit Vaults to support DOR's interest rate setting and earn higher annual percentage yields; or deposit into tETH and other tAsset vaults to gain Market Efficiency Yield (MEY) as well as additional activity rewards.
What dynamics should users pay attention to in the next six months?
Focus on the adoption progress of DOR — including the addition of more reviewers, integration with more protocols, and innovations such as interest rate swaps, fixed-rate products, and structured vaults driven by institutional partners utilizing DOR rates.
What is Treehouse's five-year vision?
Our goal is to scale and structure the DeFi fixed income market to be comparable to traditional finance (TradFi) — supported by transparent benchmarks, reliable yield-bearing assets, and infrastructure capable of driving the next generation of digital finance.
Disclaimer
This article includes third-party opinions and does not constitute financial advice. The content does not represent Binance's stance. This article has been translated; for the most accurate information, please refer to the original version.
