⚡️ Hey, friends of Avalanche, @TreehouseFi has officially brought its star product tAssets to the Avalanche ecosystem, with tAVAX as the debut.
If you are familiar with Treehouse, you should know that their first tAsset - tETH, has been steadily running on Ethereum for nearly a year, with solid reputation and data.
Compared to the traditional AVAX staking that everyone is familiar with, such as going directly to BENQI for about 5% annualized return, tAVAX uses a combination of cyclical staking and borrowing arbitrage to increase returns to 6-7% APY, currently the highest staking return on-chain. It combines the stability of staking with a bit of clever operational alpha.
You deposit AVAX / WAVAX / sAVAX -> the protocol automatically stakes it to BENQI -> collateralize sAVAX to AAVE -> borrow more AVAX -> continue staking to BENQI -> receive more sAVAX -> cycle leverage to amplify returns.
Holding tAVAX not only gives staking rewards but also accumulates Nuts, with future opportunities to exchange for $TREE airdrops.
🔥 Extra benefits in the first two months after launch:
1️⃣ Deposit any amount of tAVAX to receive a 100% Buff, doubling the points.
2️⃣ Deposit ≥ 2 tAVAX to unlock a special ski goggles badge, which may have exclusive rewards in the future.
3️⃣ Plus, recently Grayscale submitted an application to convert the Avalanche Trust to a spot ETF. If the AVAX price rises, holding tAVAX means enjoying both staking rewards and price appreciation.
Avalanche finally has a stable and efficient staking tool, don't let your AVAX sit idle, check out tAVAX.
👉 For details, see here: https://www.treehouse.finance/blog/tavax-launch
