Tree

In the dual predicament of 'yield rate internal competition' and 'chaotic interest rate pricing' in the 2025 DeFi market, Treehouse (TREE) emerged as the 'DeFi version of LIBOR'. This protocol, launched by Binance Megadrop and focusing on the fixed income track, has fundamentally rewritten the 'disordered pricing' rules of the DeFi fixed income market through three major innovations: dual-token mechanism (tETH+TREE), on-chain data hub, and cross-chain liquidity aggregation. In its first month of launch, the TVL (total locked value) exceeded $2 billion, with daily trading volume exceeding $300 million, making it the fastest-growing financial infrastructure-level project within the Binance ecosystem. This article will focus on the core theme of 'market-oriented pricing of fixed income interest rates', analyzing how Treehouse and Binance transform DeFi fixed income from a 'speculative game' into an 'expected, anchorable' asset allocation tool.