The past DeFi narrative often revolved around trading and lending. DEX opened the doors to trading freedom, lending protocols improved capital utilization, and stablecoins provided value anchoring. However, as these sectors gradually become saturated, the industry is looking for new breakthroughs. Increasing signs indicate that fixed income will become the next main battlefield for DeFi.
The reason is simple: as the user base matures, the demand for 'stable returns' is becoming increasingly strong. For retail investors, they hope to have on-chain options similar to bank wealth management; for institutions, they need standardized, predictable interest rate tools for risk management. In traditional finance, the bond market is worth trillions of dollars, far exceeding the stock market, which clearly indicates that the demand for fixed income is rigid.
Treehouse has seized this trend and is the first to propose establishing a DeFi fixed income layer. By providing standardized yield certificates through tAssets, constructing interest rate benchmarks through DOR, and pairing it with future FRA tools, it is gradually recreating an on-chain 'bond market.'
This is not only an opportunity for Treehouse but also an opportunity for the entire DeFi ecosystem. Whoever can firmly establish a foothold in the fixed income sector may become the next infrastructure-level project in DeFi.
