When it comes to the next wave of DeFi explosion, the Co-Founder & Chief Squirrel of @Treehouse Official pointed to a key factor in the podcast: the benchmark interest rate.
Just as the Cambrian explosion of life required a stable ecological environment, DeFi also needs a reliable 'financial foundation' to usher in a wave of innovation, and Treehouse's DOR (Decentralized Offered Rate) is doing just that.
Previously, the interest rate market in DeFi was as chaotic as a road without traffic rules: staking yields and borrowing costs were calculated separately, and developers wanting to create interest rate swaps or fixed income products had no unified reference standard to rely on.
But DOR is different; it relies on an expert team to combine on-chain data to report interest rates, with data that is transparent and verifiable, and it can also form a forward interest rate curve, effectively providing a clear track for DeFi.
@Treehouse Official hopes to open the door to fixed income through DOR, potentially allowing DeFi to witness a bustling scene where various innovative products emerge, akin to the Cambrian explosion.