Treehouse @Treehouse Official This project has recently gained significant attention in the community, but many people may not fully understand what it is actually doing. Simply put, they are trying to accomplish something that many DeFi players have long anticipated — bringing 'fixed income' genuinely onto the blockchain, and it's not just a concept; it is already in motion.
Everyone knows that in traditional finance, interest rates are a fundamental reference indicator, such as LIBOR and SHIBOR; almost all financial product pricing is linked to them. However, in DeFi, this area has long been fragmented or even blank, with no recognized benchmark interest rate system. This has made it difficult to design and price so-called 'fixed income products' in a standardized way, and users are hesitant to trust them easily.
Treehouse @Treehouse Official is building a decentralized interest rate system from the ground up, called DOR (Decentralized Offering Rate). It aggregates real-time data from multiple mainstream institutions — for example, generating TESR (Ethereum Staking Reference Rate) from data across over twenty Ethereum staking service providers — and then verifies it through nodes to ultimately output a trustworthy and tamper-resistant on-chain benchmark interest rate. This is akin to equipping the DeFi world with a 'standard timer' so that when people develop bonds, structured finance, interest rate swaps, and other products, they will have a reliable basis to reference.
Moreover, #Treehouse has also launched tAssets, such as tETH and tBTC. This is not simply about wrapping assets; it is backed by a strategy engine that automatically captures yields. You deposit ETH and receive tETH, and the protocol will automatically look for arbitrage opportunities on platforms like Lido and Curve, such as borrowing at low interest rates while staking at high yields, earning the interest rate differential and returning it to you. It's like putting your assets into an 'yield optimization mode' automatically, without needing to constantly operate it yourself, which is especially suitable for users who want to see continuous asset appreciation without frequent transactions.
So far, the market seems quite receptive to them. The total locked value has surpassed 600 million USD, the number of users is close to 50,000, and they have even established partnerships with institutions of the caliber of Coinbase and ConsenSys. This indicates that both ordinary users and professional players have a genuine demand for this 'on-chain fixed income' model.
$TREE As the governance and utility token of the entire system, it runs through all aspects of DOR data usage, strategy execution, and community decision-making. The more active the ecosystem and the more use cases it has, the more solid its value foundation will be.
In my view, #Treehouse is not just a protocol; it is more like laying the 'foundation' for the entire DeFi industry. It addresses not just superficial issues but the core bottleneck of missing underlying interest rates. If it can successfully expand cross-chain and incorporate more assets in the future, it could very well become a key bridge connecting the traditional financial world and the Crypto world.
By that time, we might really see 'fixed income products' on the blockchain becoming as popular, reliable, and standardized as government bonds or deposits in the traditional world. And Treehouse is already at the starting point of this trend.