At @Treehouse Official , I truly understood 'long-termism' for the first time.
Looking back, during my first three years in DeFi, I was almost always chasing 'quick money'. I would rush towards new projects and jump on high APYs; while I did make a lot in the short term, I also lost even more. Every liquidation and exit scam made me question: Can DeFi really go mainstream?
It wasn't until I came across @TreehouseFI that my answer became clearer. What Treehouse aims to create is not 'the next get-rich-quick myth', but 'infrastructure'. Its core idea is to establish a fixed income market for DeFi.
For example, assets like tETH completely refreshed my understanding. Traditional LSTs (like stETH) can only earn staking interest, while tETH retains the original yields and automatically captures interest rate arbitrage opportunities, helping you achieve higher and more stable annualized returns. At the same time, tETH can be used freely: you can use it as collateral on Aave, provide liquidity on Curve, and even layer additional strategies. In other words, not only do you earn returns, but you also release liquidity.
The DOR (Decentralized Offered Rates) mechanism shows me an even further future. It serves as the interest rate standard for DeFi, much like LIBOR/SOFR in the TradFi world, providing a unified pricing basis for the entire ecosystem. This is definitely a hard requirement for institutional players looking to enter.
I used to see DeFi as a casino; now I am more inclined to regard @Treehouse Official as 'the embryonic form of banking'.
