I came to the crypto space to do two things! That is to make money, make money, make money! If it doesn't rise, and keeps falling, when will it end?
1. DOR: Making 'interest rates' into a callable interface
There are only two key points: 1) DOR provides a decentralized term curve (weekly, monthly, quarterly), sourced from multiple submissions and aggregations, deviations will be punished; 2) This curve can be directly embedded into liquidation, lending, pricing, and swaps. Practical advice: treat DOR as the 'only interest rate source', incorporate it into your risk parameters and liquidation formulas; leave fallback paths for the oracle (multi-source aggregation/manual switch); check the curve error and version changes weekly. Three things to judge if it's useful: how many protocols reference it, whether the terms are comprehensive enough, and how quickly it recovers from anomalies. Don't chase fancy narratives, first use it to tidy up the chaos of 'each family calculates differently.'
2. tETH: Making 'returns' into a composable underlying asset
tETH is not a simple interest certificate, but a packaged yield asset that combines the interest rate opportunities of the Ethereum ecosystem. You can directly use it as collateral, as LP, or as structured underlying; its task is to 'converge yields and make volatility more controllable.' The order of operations: small amount subscription → observe subscription and redemption price deviations → incorporate into your position management and risk control sheet. Two red lines: do not treat it as a pure LST (the subscription and redemption logic and pricing mechanism are different), and do not use high leverage without assessing the redemption window. The criteria for assessing whether it is worth holding long-term are simple: is the net asset value growth stable, is the anchoring to DOR smooth, and is auditing and disclosure keeping up.
DOR solves 'how to price', tETH solves 'what to use as collateral'. First connect these two modules, then discuss various strategies. If it can run stably in production, this fixed income stack is truly valuable.
@Treehouse Official #Treehouse $TREE