TreehouseFi, as a decentralized protocol focusing on the DeFi fixed income market, has been established since 2021, with the core goal of 'building on-chain fixed income infrastructure'. Through the innovative tAssets liquid staking system and the DOR decentralized interest rate benchmark mechanism, it fills the gap of fragmented interest rates and the lack of a unified benchmark in the DeFi field, while providing transparent and scalable fixed income solutions for both retail and institutional users, gradually becoming a key bridge connecting the traditional financial fixed income market and the crypto ecosystem.
One, Core positioning and core products
1. Project positioning
TreehouseFi's core mission is to bring the mature fixed-income market (such as bonds and interest rate derivatives) from traditional finance into the crypto space, addressing the long-standing issues of 'lack of interest rate benchmarks and unstable yields' in the DeFi ecosystem, ultimately creating a fixed income ecosystem that is multi-chain compatible, supports RWA (real-world assets), and covers the entire user base. As of August 2025, the protocol has formed a three-layer structure of 'infrastructure + products + ecosystem', serving over 60,000 users, with the total locked value (TVL) in the ecosystem exceeding $500 million.
2. Core product matrix
(1) tAssets: Liquid staking token 2.0
tAssets are the core asset carrier of TreehouseFi, represented by tETH, supporting users to deposit ETH or mainstream liquid staking tokens (LSTs, such as stETH) to obtain, with the dual attributes of 'yield optimization + ecological compatibility':
• Diversification of income sources: Integrating basic staking income (APY), market efficiency income (MEY, capturing cross-market yield differences through automated interest rate arbitrage), Nuts point rewards (protocol native points, which can be exchanged for $TREE in the future), and potential re-staking points, allowing ordinary users to enjoy institutional-level yields without professional strategies;
• Strong ecological compatibility: Has integrated with leading DeFi protocols such as Aave (including Prime and Core Instance markets) and Pendle, tETH can be used as collateral to borrow stablecoins like USDT and USDC, and supports cross-chain usage (currently deployed on Ethereum, Arbitrum, Mantle, with plans to expand to more public chains);
• Strict risk control: Through asset pool diversification management, smart contract limits, and other mechanisms to control arbitrage risks, and the protocol has been audited by four top institutions including Trail of Bits and Sigma Prime, with security recognized by the industry.
(2) DOR: Decentralized quoting interest rate system
DOR is the core infrastructure of TreehouseFi, analogous to traditional finance's SOFR (Secured Overnight Financing Rate) or LIBOR, providing a uniform interest rate benchmark for on-chain financial products:
• Mechanism design resistant to manipulation: Rate predictions are submitted by 'Panelists' (quoters) who stake TREE or tAssets. The system ensures data transparency through outlier removal, random sampling, and other consensus mechanisms while introducing game theory incentives (those with accurate predictions receive TREE rewards, while inaccurate ones face staking penalties);
• The first launched product TESR: Treehouse Ethereum Staking Rate, focusing on the Ethereum ecosystem, providing an interest rate curve linked to Ethereum staking yields, which can be directly used for pricing derivatives such as interest rate swaps, fixed-rate loans, and floating-rate bonds;
• Clear commercial value: Enterprises or protocols using DOR data need to pay a $TREE query fee, forming a sustainable protocol revenue model while providing key tools for institutional users to enter the DeFi fixed income market.
Two, Technical architecture and ecosystem scale
1. Technical advantages
• Interest rate standardization: DOR first realizes decentralized standardization of interest rate benchmarks in the DeFi field, solving the fragmentation problem of interest rates between different protocols and lowering the development threshold for cross-protocol products;
• Cross-chain compatibility: Developed based on the ERC-20 standard, the smart contract address (0x77146784315Ba81904d654466968e3a7c196d1f3) is compatible with mainstream public chains such as Ethereum and BNB Chain, and future cross-chain expansion will further enhance asset circulation efficiency;
• Security assurance system: In addition to multiple audits, the protocol has a HackenProof bug bounty program (incentivizing white hat hackers to find vulnerabilities) and a DAO insurance fund (covering potential security event losses), while core parameter adjustments require community governance voting, reducing centralization risks;
• User-friendly design: The automated arbitrage strategy of tAssets does not require manual operation by users, automatically completing cross-market yield capture in the background, reducing the participation threshold for ordinary users.
2. Current status of ecosystem development
• User and asset scale: Over 60,000 users hold tAssets, with the ecological TVL exceeding $500 million, among which the collateral scale of tETH on Aave continues to rise, becoming an important collateral asset in the Aave stablecoin lending market;
• Integration and cooperation: Deep cooperation has been reached with leading DeFi protocols such as Aave (collateral integration) and Pendle (yield certificate cooperation), while initiating RWA tokenization exploration (such as on-chain national bonds), planning to bring traditional fixed income assets on-chain;
• Cross-chain expansion pace: Currently covering three public chains: Ethereum, Arbitrum, and Mantle, with plans to expand to new chains in the coming weeks to further increase user coverage and asset circulation range;
• Ecological incentive mechanism: 50% of the $TREE token allocation is used for community and ecological growth, including 20% community rewards (staking, user contributions), 10% ecological fund (developer subsidies, hackathons), and 5.75% future airdrops, continuously attracting developer and user participation.
Three, Native token $TREE: Functions and economic model
1. Core functions of the token
$TREE, as the native token of the TreehouseFi ecosystem, combines utility and governance attributes:
• Protocol payment: Enterprises and protocols querying DOR data need to pay a $TREE fee, part of which is used for Panelists rewards and ecological funds;
• Staking and consensus: Panelists participating in DOR interest rate predictions need to stake $TREE or tAssets, with the amount staked directly linked to the accuracy of predictions and rewards;
• Governance rights: $TREE holders can vote to decide on protocol parameters (such as DOR quoting cycle, tAssets arbitrage strategy), product design (such as adding new RWA categories), and the direction of ecological fund usage;
• Rewards and incentives: Actions such as staking, liquidity provision, and governance participation within the ecosystem are all rewarded with TREE, and Nuts points can also be exchanged for TREE in the future, forming a complete incentive loop.
2. Token economics
• Total supply: 1 billion tokens, all minted during the TGE (Token Generation Event 'Gaia') in July 2025;
• Distribution structure:
◦ Community and ecosystem (45.75%): 20% community rewards, 10% ecological fund, 5.75% future airdrops, and 10% exchange and liquidity support;
◦ Team and investors (specific ratios not disclosed): All have a 4-year linear unlocking period, including a 12-month lock-up period, ensuring long-term interests are aligned;
• Unlocking plan: The overall unlocking period is 48 months, with community and ecological allocations exceeding 45%, avoiding early selling pressure and ensuring long-term stability of the ecosystem.
3. Market performance (as of August 2025)
• Price range: $0.3533 to $0.373, with a 24-hour drop of 3.3% to 4.47%, and a 7-day drop of 14.6%. The current price is about 41% lower than the historical high (ATH, $0.6068, July 2025);
• Market value and ranking: Market value of approximately $55.1 million to $59.14 million, ranked #547 to #586 on CoinMarketCap and #586 on CoinGecko;
• Liquidity and trading platform: 24-hour trading volume of $27.96 million to $137 million, with Binance (TREE/USDT pair) as the main trading platform (24-hour trading volume of about $41.84 million), and listed on more than 10 mainstream exchanges including KuCoin, MEXC, Bybit;
• Price forecast: Expected to be $0.50 to $1.00 in 2025 (depending on DOR adoption rate and market sentiment), expected to be $1.00 to $2.00 in 2026 (if fixed income and RWA ecosystem expansion standards are met).
Four, Community building and financing background
1. Community operation and activities
• Iconic airdrop: In July 2025, became Binance's 29th HODLer airdrop project, distributing 12.5 million $TREE (1.25% of total supply) to BNB staking users, rapidly expanding the user base;
• Continuous incentives: 5.75% of $TREE is reserved for future airdrops, specifically rewarding early tAssets holders and ecosystem contributors; the Nuts point system provides additional rewards for tETH holders, enhancing user stickiness;
2. Financing and team
• Financing history:
◦ Seed round (March 2022): Raised $18 million, with investors including YZi Labs (former Binance Labs), Jump Capital, Mirana Ventures, Wintermute, and other top crypto institutions;
◦ Series A (April 2025): Valuation of $400 million, with new investors including MassMutual Ventures (traditional financial institution), Guy Young, and other industry veterans, combining resources from both crypto and traditional finance;
• Team background: The core team spans digital asset analysis, traditional finance, RWA, and on-chain technology, with founder Brandon Goh (former CEO) as a digital asset analysis expert, Bryan Goh focusing on RWA and traditional finance integration, and Thu Như Anh leading the development of tAssets and DOR technology, possessing professional capabilities to build fixed income infrastructure.
Five, Competitive advantages and future prospects
1. Core competitive advantages
• Market positioning is scarce: The scale of the traditional financial fixed income market is more than five times that of the stock market, and this track in the DeFi field is almost blank. TreehouseFi's DOR and tAssets are the first to build infrastructure, forming a first-mover advantage;
• Significant technical barriers: DOR's anti-manipulation interest rate consensus mechanism and tAssets' automated arbitrage strategy are both industry innovations, audited by multiple parties, with superior safety and reliability compared to similar projects;
• Strong ecological synergy: Cooperation with Aave enhances tAssets liquidity, DOR provides pricing basis for subsequent interest rate derivatives and RWA products, forming an ecological closed loop of 'assets-benchmark-products';
• Coverage of both institutions and retail: tAssets meet the low threshold high yield needs of retail users, while DOR and RWA layout attract institutional users, covering all user levels.
2. Future development directions and potential
• Technical and product iteration: Optimize tAssets arbitrage strategies, improve cross-chain yield efficiency; expand DOR interest rate categories (such as adding BNB Chain, Solana ecosystem interest rate benchmarks), and support the development of more derivatives;
• Key focus of ecological expansion: Accelerate the landing of RWA tokenization (such as on-chain national bonds, corporate bonds), connecting traditional fixed income assets with the crypto ecosystem; deepen cooperation with DeFi protocols to expand collateral and usage scenarios for tAssets;
• Market potential: If the DeFi fixed income market penetrates according to the proportions of traditional finance, DOR is expected to become the industry standard interest rate benchmark, and the scale of tAssets may break through $1 billion TVL as cross-chain and RWA expand, with significant growth potential for $TREE's market value.
Six, Summary
TreehouseFi has built a differentiated competitive barrier in the DeFi fixed income field with the dual-core innovations of 'tAssets liquid staking + DOR interest rate benchmark'. From the current progress, the protocol has achieved its phased goals of 'technical landing (audited), ecological startup (500 million TVL, 60,000 users), and market recognition (listed on top exchanges, institutional financing)', with 50% of tokens allocated for community and ecosystem, a strict unlocking plan, and backing from traditional financial institutions, laying the foundation for long-term development.
Although the short-term TREE price is affected by market sentiment and experiences fluctuations, with the industry penetration of the DOR interest rate benchmark, the cross-chain expansion of tAssets, and the implementation of the RWA ecosystem, TreehouseFi is expected to become the core infrastructure of the DeFi fixed income market, driving the crypto ecosystem towards a more mature fixed income area that is closer to traditional finance. Its long-term market influence and the growth potential of TREE's value are worth paying attention to.@Treehouse Official #Treehouse $TREE
