TREE Series (Twenty-Four): DOR Reference Financial Products
DOR, as Treehouse's decentralized interest rate system, provides referencers with powerful tools to build financial products, while the TREE token acts as the lubricant for it all. Who are the referencers? They are developers who integrate DOR into their products, such as interest rate swaps, fixed borrowing, or forward agreements. DOR addresses the manipulation risks of traditional benchmarks like LIBOR by generating forward-looking interest rate curves through a consensus mechanism, making these products more transparent and reliable.
TREE is crucial here: referencers must pay query fees using TREE, which directly incentivizes panel members and operators to submit accurate data. For example, a referencer wanting to create an ETH staking rate forward agreement (FRA) can price it using DOR's TESR curve. Users participating through tAssets can earn stable returns. TREE's governance rights also allow holders to vote on adjustments to DOR parameters, ensuring the products adapt to market changes.
Furthermore, DOR supports CeFi index audits and even seeks benchmark authorization, which will attract traditional financial institutions. Referencers can develop OTC markets to make tETH trading more flexible. TREE's DAO rewards will fund these innovations, while community airdrops will encourage users to try new products.
From the user's perspective, these financial products lower the risk threshold of DeFi. You can delegate TREE staking to panel members, indirectly supporting DOR while sharing in the rewards. In summary, DOR reference financial products make TREE not just a token, but an engine for ecosystem growth. If you want to explore fixed income, starting with these products may change your view on on-chain finance.
