2/
From a market perspective, DeFi fixed income products have always been seen as a gap in traffic.
Traditional DeFi products often emphasize liquidity mining and speculation.
Lack of publicly accessible, controllable risk + stable return investment options.
TreeHouse precisely addresses this pain point and may become a bridge to attract new capital.
But challenges also exist, two key points.
Sustainability of returns: Is the source of returns behind fixed income robust enough?
Yield: Is the return behind fixed income competitive enough in web3?
The current 3-4% is clearly insufficient.
Other considerations
Compliance issues: RWA, fixed income products often touch on regulatory gray areas.
Market education cost: How to get DeFi players accustomed to high returns to accept '4%-8% fixed income management'?
TreeHouse's ambition is to inject fresh blood into DeFi with fixed income management products.
It is not just a product, but could be an experiment for DeFi to penetrate mainstream finance.
Whether it can succeed also depends on:
Is the return model transparent and sustainable?
Can it find a balance between regulation and the market?
Can it truly attract 'new capital' into DeFi?
