Since anchoring in the DeFi fixed income track in 2021, TreehouseFi has always focused on 'breaking down the scenario-based connections between crypto assets and traditional values'. Relying on the tAssets liquid staking system and the continuous iteration of DOR's decentralized interest rate benchmark, it has built a development pattern of 'functional adaptation scenarios and ecological growth'. As of August 2025, the project has achieved stable operations across Ethereum, Arbitrum, and Mantle, with a total locked value (TVL) exceeding $550 million, serving over 65,000 users. The first RWA product 'On-Chain National Debt tAsset' has completed dual compliance filings with the SEC Regulation D and EU MiCA, custodied by State Street, with reservation configuration amounts exceeding $10 million. The monthly trading volume of derivatives developed based on DOR has surpassed $8 million, with scenario-based landing and ecological incremental effects continuing to stand out.
1. tAssets: Extension of Scenario-Based Functions, from 'Yield Tools' to 'Asset Hubs'.
tAssets breaks the limitations of traditional liquid staking's 'single function and fragmented scenarios' by adding 'scenario-based functions, deepening cross-protocol collaboration, and upgrading user rights', positioning itself as a hub connecting 'staking, wealth management, and RWA allocation', covering the full lifecycle needs of users.
In terms of scenario-based functions, tAssets has added 'Salary Investment' and 'Emergency Fund Zone', accurately matching users' daily needs. 'Salary Investment' allows users to set a fixed date each month for automatic minting of tAssets, with customizable amounts (minimum of $100). The system automatically selects the 'Basic Yield + Low-Risk MEY' combination, suitable for salaried individuals for long-term financial management. In the first month of launch, over 5,000 users participated, with a monthly investment scale reaching $800,000. The 'Emergency Fund Zone' provides users with '72-hour Quick Redemption + Guaranteed Yield' services—users' deposited tAssets can enjoy basic staking yields, and the redemption fee is reduced to 0.1%. If the MEY yield on the day of redemption is negative, the ecological fund will make up to the basic yield level. Currently, the fund scale in this zone exceeds $30 million, addressing users' pain point of 'needing money urgently but fearing loss of yield.'
In terms of cross-protocol collaboration, tAssets deepens cooperation with DEXs like Balancer and SushiSwap to expand liquidity scenarios. Balancer has launched the 'tETH-tUSDC Stable Pool', where users providing liquidity can earn 'trading fees + Nuts points' dual rewards. Currently, the TVL of this pool exceeds $12 million, with an average daily trading volume of $500,000. In cooperation with SushiSwap, the 'tAssets Staking Mining' activity has been launched, allowing users to stake tETH to mine SUSHI and $TREE dual tokens. During the event, over 2,000 new users were attracted, and tAssets' holdings increased by 15%. Meanwhile, tAssets' collateral scale on Aave Prime has exceeded $130 million, allowing users to collateralize tETH to borrow USDC and directly jump to the 'On-Chain National Debt tAsset' purchase page, forming a seamless closed loop of 'staking-borrowing-allocation', with a capital utilization efficiency increase of 120%.
In terms of user rights, tAssets optimizes the 'Long-Term Holding Incentive System' and adds 'Ecological Contribution Rights'. Users holding assets for over 180 days, in addition to the original 0.5% yield bonus, can additionally receive 'Priority Subscription Rights for RWA New Products' (such as the upcoming Green Wind Power tAsset), with a 0.2% reduction in subscription fees. Users participating in DOR quotes, community proposal voting, and other ecological activities can accumulate 'Contribution Points', which can be exchanged for 'tAssets Fee Discount Coupons' upon reaching the required contribution points. Currently, over 8,000 users have participated in ecological contributions, significantly enhancing user stickiness.
2. DOR: Deepening Traditional Integration and Expanding Data Applications, Upgrading the Value of Interest Rate Benchmarks.
DOR moves from 'on-chain data tools' to 'cross-domain pricing benchmarks', continuously releasing the industry value of interest rate benchmarks through 'deepening traditional asset management cooperation, expanding data application scenarios, and optimizing the green interest rate module', becoming a key link connecting crypto and traditional finance.
In traditional asset management docking, DOR has achieved breakthroughs from 'data adaptation' to 'business landing'. It has reached a cooperation with a leading asset management company in Europe to use DOR's 'Green RWA Interest Rate' for pricing its 'On-Chain Green Asset Fund'. The fund is initially set at $50 million and is raising funds simultaneously from traditional institutions and crypto users, with over $20 million raised in the first month. DOR has deepened cooperation with Refinitiv, adding the 'DOR Interest Rate Curve Chart' function to its terminal, allowing traditional institutions to view the tUSDC and green RWA interest rate curves for 7 days/30 days/90 days in real time, facilitating cross-period asset allocation. Currently, three traditional banks have obtained DOR data through this function for internal pricing reference.
In terms of data application scenarios, DOR has expanded into the fields of 'cross-border payment' and 'insurance pricing'. In collaboration with a cross-border payment company, it has developed a 'fixed-rate cross-border settlement tool' based on DOR's 'cross-chain tUSDC interest rate', allowing enterprise users to lock in cross-border settlement rates for the next 30 days, avoiding risks from exchange rate and interest rate fluctuations. In the first month of launch, the tool processed settlement amounts exceeding $3 million. In collaboration with a crypto insurance company, DOR's 'Ethereum Staking Rate (TESR)' is used for 'staking insurance' pricing—when the TESR falls below a preset threshold, the insurance payout ratio is automatically adjusted upwards, achieving dynamic linkage between interest rates and insurance. After the product was launched, the insurance take-up rate among tAssets users increased by 25%.
In the green interest rate module, DOR optimizes the 'Green RWA Interest Rate Calculation Model' and adds 'ESG Data Disclosure'. It introduces electricity generation data from third-party energy auditing agencies (such as SGS) for wind power projects as a core factor of the green RWA interest rate, ensuring that the rate can truly reflect project earnings. In accordance with EU SFDR regulations, a 'Green RWA Interest Rate ESG Report' is published monthly, disclosing information such as carbon reduction and environmental compliance certifications of underlying wind power projects, meeting traditional institutions' ESG due diligence needs. Currently, this report has been downloaded over 500 times, becoming an important reference for traditional institutions evaluating on-chain green assets.
3. Ecological Collaboration: Expansion of RWA Categories and Enhancement of Community Drive, with Continuous Release of Ecological Increment.
TreehouseFi forms a positive cycle of 'traditional assets attracting new users, community operation retaining users' through 'RWA product landing, regional ecological cooperation, and community-driven mechanism building', synchronously growing the ecological scale and value.
In terms of RWA categories, the project is advancing the landing of 'Green Wind Power tAsset' and 'Asian Corporate Bond tAsset' based on the 'On-Chain National Debt tAsset'. The underlying assets of 'Green Wind Power tAsset' are cash flow earnings from compliant wind power projects in Europe, custodied by Deutsche Bank, with a minimum investment amount of $500 and an expected annual yield of 2.8%-3.2%. It has completed the EU MiCA pre-review, with over 5,000 users reserving configurations, 40% of whom are traditional investors who are new to crypto assets. The 'Asian Corporate Bond tAsset' connects short-term bonds of AA+ rated companies in Singapore and Japan, with DBS Bank as the custodian, planning to launch in Q1 2026. Currently, two family offices in Southeast Asia have expressed interest in allocating, with reservation amounts exceeding $3 million.
In terms of regional ecological cooperation, TreehouseFi is expanding into Southeast Asia and Latin America markets, deepening local landing. In collaboration with a Southeast Asian crypto compliance platform, it has launched a 'localized version of tAssets', supporting local fiat currencies (such as Singapore Dollar, Indonesian Rupiah) to purchase tAssets while providing customer service in Chinese and Indonesian. In the Latin American market, it has cooperated with a local fintech company to integrate DOR's 'cross-chain tUSDC interest rate' into its micro-loan system, providing loan pricing references based on on-chain interest rates. Currently, regional cooperation has attracted over 8,000 new users, with a TVL growth of 12%.
In terms of community-driven mechanisms, the project has launched the 'Ecological Contribution System' to stimulate user participation enthusiasm. Users accumulate contribution points through behaviors like 'tAssets staking, DOR quoting, community content creation, and inviting new users'. Contribution points are graded and can be exchanged for rights—from 'fee discounts' to 'priority allocation rights for RWA', to 'community governance voting rights'. Currently, over 15,000 users have participated in the contribution system, with an average of 20 community proposals per month, 8 of which have been implemented (such as 'adjustment of tAssets cross-chain gas fee subsidy ratio'), making the community an important driving force for ecological optimization.
4. Future Outlook: Cross-Chain Collaboration and Industry Penetration, Building a Fixed Income Ecological Hub.
TreehouseFi's future layout focuses on 'cross-chain functional collaboration, RWA globalization, and DOR industry standardization' in three major directions, further strengthening its positioning as a 'DeFi fixed income ecological hub'.
1. Cross-Chain Functional Collaboration: Complete BNB Chain and Solana deployment in Q1 2026, launching the 'Cross-Chain tAssets Combination Configuration' function—users can customize the configuration ratio of tETH, tUSDC, and RWA across multiple chains, with the system automatically calculating cross-chain costs and expected yields, aiming to increase the proportion of cross-chain users to 30% and TVL to exceed $800 million.
2. RWA globalization: In 2026, launch 'Gold tAsset' (linked to London Bullion Market Association certified gold) and 'US Municipal Bond tAsset', cooperating with more than five global custodians, with a target RWA scale exceeding $300 million, covering major markets in Europe, America, Asia-Pacific, and Latin America.
3. DOR industry standardization: Promote the integration of DOR with traditional financial platforms such as Bloomberg Terminal and Bloomberg, publish the 'DOR Interest Rate Benchmark White Paper', and jointly formulate 'on-chain interest rate benchmark application standards' with industry organizations, aiming for a monthly trading volume of derivatives based on DOR to exceed $150 million by the end of 2026, becoming a core pricing reference tool for more than 15 traditional institutions.
As a benchmark for the scenario-based landing of DeFi fixed income, TreehouseFi continues to break through the connection channels between crypto and traditional values through the scenario extension of tAssets, traditional docking of DOR, and self-driven growth of the ecosystem. With the deepening of cross-chain collaboration, the richness of RWA categories, and the promotion of DOR industry standardization, the project is expected to become a core ecological hub in the global DeFi fixed income field, providing key support for the large-scale and standardized development of the industry.
