$TREE has gone up on Upbit, everything is as expected
Treehouse has raised a total of $18 million, with investors including well-known institutions from both traditional finance and the crypto field such as MassMutual Ventures. The project addresses the fragmented interest rate issue in the DeFi market through innovative technology, creating infrastructure for stable yields, comparable to the traditional financial 'bond market'.
The core innovations are @Treehouse Official Treehouse assets (tAssets) and decentralized quoted interest rates (DOR). tAssets function like a 'smart passbook', automatically optimizing returns from multiple DeFi protocols; DOR acts like the 'LIBOR of DeFi', providing a reliable benchmark interest rate through a consensus mechanism. These two features allow users to effortlessly find the best rates, making returns more predictable. The TREE token serves as the core of the ecosystem, used for governance and incentives, enhancing the protocol's decentralized characteristics.
Treehouse was founded in 2021 in Singapore by a seasoned team from traditional finance and technology fields, with a total locked value (TVL) reaching $560 million. The project ensures security by collaborating with top auditing firms and plans to launch more products in the future to expand cross-chain functionality. Compared to other DeFi projects, Treehouse's focus on standardized yields and institutional-level risk management sets it apart in the fixed income sector.
