Treehouse has transformed DOR into a multi-role game theory mechanism. Simply put, there are panelists providing interest rate observations and forecasts, and delegators using tokens to support the performance of these panelists. The protocol then converges on the 'closest to reality' quotes through rewards and penalties, ultimately forming a reusable reference curve.
To get this chain running, the project opened the pre-deposit vault after the TGE: by depositing TREE into the vault within a limited window and choosing your favored panelists, you can earn protocol rewards at an annualized rate of 50%-75%; official channels simultaneously released the 'believer bonus' gameplay, embedding weight for subsequent points and seasonal activities. Compared to ordinary lock-up, every participant here is actually contributing to the credibility of the interest rate curve, rather than simply gambling on inflation.
The outer side of this economic closed loop is the paving on the transaction and distribution levels. The HODLer Airdrops on July 28 distributed early equity to mainstream entry points, and multiple listings on July 30 brought circulation and price discovery into the public domain. In early August, the research page and plaza content continuously popularized the combination of DOR and tAssets, providing readable paradigms for institutions and high-net-worth users. For a 'benchmark' protocol, opening public entry points first allows more strategies and products to be willing to link to this curve.
Many people will ask, how can interest rates be decentralized? The answer is not in slogans, but in accountability and consideration. The earnings of panelists are tied to the quality of their quotes, and the earnings of delegators are tied to their selection ability. The protocol pulls behavior into a reasonable range through incentives and penalties. The DOR documentation explains this set of contracts—economics—governance linkage as a consensus mechanism, aiming to let 'collective wisdom' prevail, rather than amplifying mysterious information sources. As long as you can clearly explain 'quote errors—panelist weights—reward distribution' in your content, readers will understand that this is not 'fortune telling', but an economic system with costs and outputs.
The pre-deposit vault has a non-intuitive function: it separates the circulation of the 'speculation period' from the 'construction period'. Locking a portion of tokens to support DOR within a set timeframe not only hedges against early selling pressure but also economically encourages longer-term curve construction. Of course, the sustainability of this design comes from subsequent real usage demand, not a perpetual motion machine. In your content, you can align the 'pre-deposit vault reward expiration rhythm' with the 'external utilization rate of tETH'; only when both weaken simultaneously should one be wary of systemic loosening.
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