When DeFi yields spread chaotically like jungle vines—Lido's stETH and Rocket Pool's rETH each govern their own, liquidity fragmentation and interest rate volatility are severe, do we desire a 'stabilizing force'? **Treehouse**'s answer is to weave a network of interest rate convergence using DOR (Decentralized Quotation Rate) and tETH (Yield-enhanced LST), unifying fragmented ETH yields into a priceable, hedgeable on-chain benchmark.

🔍 Pain Point: The 'Tower of Babel' dilemma in the DeFi yield market

Currently, the Ethereum staking yield market has a threefold fragmentation:

- Liquidity Fragmentation: Over 30 types of LSTs (liquid staking tokens) compete for market share, user yields are constrained by protocol risks and liquidity depth;

- Interest Rate Opacity: Lending and derivatives platforms set their own interest rates, lacking on-chain consensus benchmarks, arbitrage costs are high;

- Yield Volatility: The randomness of POS rewards and MEV profits renders 'fixed income' virtually nonexistent in DeFi.

Traditional finance anchors interest rates with LIBOR/SOFR, while Treehouse's DOR mechanism represents an on-chain leap of this paradigm—by having expert groups (like Staking Rewards, RockX) submit interest rate forecasts, generating TESR (Treehouse Ethereum Staking Rate) through votes from $TREE stakers, becoming the first on-chain risk-free interest rate benchmark.

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🌐 tETH + DOR: Treehouse's dual-engine design

1. tETH: The 'Aggregator' and 'Amplifier' of yields

- Users deposit ETH or any LST (like stETH, rETH), minting tETH at a 1:1 ratio;

- The protocol automatically executes interest rate arbitrage strategies (like borrowing spreads, derivative hedges), allowing tETH yields to exceed the base staking rate by 3%-5%;

- Retaining Liquidity: tETH can be used as collateral on mainstream DeFi platforms like Aave and Compound to achieve yield stacking.

2. DOR: The 'Consensus Layer' of interest rates

- Economic security is jointly guaranteed by $TREE stakers and tETH holders, malicious predictors will face penalties;

- Real-time On-chain Publishing: DOR data is freely available, financial protocols can subscribe to high-frequency APIs for a fee (payment token is $TREE), used for loan pricing and interest rate derivative clearing.

> 💡 Case: Lending platforms use TESR as a floating interest rate anchor, users pay 'TESR+2%' interest when borrowing ETH—transparent and resistant to manipulation.

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🚀 $TREE Token: From Governance to Yield Flywheel

- Staking as a Service: Stake $TREE to support DOR groups through Pre-Deposit Vaults, earning **50%-75% APR** (limited to 30 days);

- Governance Empowerment: Voting to determine DOR parameters (like group admission standards, penalty ratios), protocol fee distribution;

- Value Capture: 50% of DOR data query fees are used to repurchase and destroy $TREE, building a deflationary model.

Token distribution emphasizes community leadership: **20% for community rewards**, 10% airdrop (including 12.5M tokens for Binance HODLers).

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📈 Ecological Explosion: Integration, Airdrops, and Market Confidence

- CEX Momentum: $TREE has landed on 12 top exchanges including Binance (spot/contract), OKX, Coinbase, with liquidity depth jumping into the top three LST protocols;

- Airdrop Linkage: Binance airdropped 12.5M $TREE to BNB stakers, simultaneously launching a $750K trading incentive program;

- Institutional Backing: Completing strategic round financing with a **$400 million valuation** in April 2025, led by QCP Capital and Selini Capital.

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💎 Future: The on-chain 'new coordinate system' of fixed income

Treehouse's ambition is to become the pricing core of DeFi interest rates:

- Short-term (2025 Q3): Launch 'Project Bamboo' forward rate agreements (FRA) to support users in hedging interest rate fluctuations;

- Long-term: Expand DOR to BTC staking, RWA yields, and other scenarios, creating a cross-chain interest rate benchmark network.

> 🌟 Key Insight: When tETH's TVL surpasses $550 million, the on-chain call volume of DOR increases daily, $TREE is no longer just a governance token—it is the 'infrastructure stock' of the fixed income market, with value expanding as the DeFi interest rate market scales.

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Join the reconstruction wave: stake $TREE to participate in Pre-Deposit Vaults, or hold tETH to become a security guardian of DOR—this is a dual channel for early users to capture on-chain interest rate dividends.

#Treehouse #DeFi #FixedIncome #CryptoTrading $TREE

👉 Track Progress: @Treehouse Official