Understand @TreehouseFi ( $TREE) TGE Value Worth Participating in One Article
Receiving Index: ★★★☆☆ (3/5)
Price Prediction: $0.1-0.3
The initial circulating market value of TGE is expected to be between $60 million and $80 million
Confirmed Exchanges: @Binance, @Bybit_Official, @MEXC_Official
Similar projects for reference: @LnfiNetwork (LN)
I really like this project today, with polarized advantages and disadvantages
Binance's favored child @yzilabs and Bybit's favored child @mirana are invested; FDV has a staggering $400 million, so let's hurry up and read on.
Advantages:
1. A luxurious lineup of top-tier investors:
Treehouse has the support of Binance's favored child @yzilabs and Bybit's favored child @mirana Ventures, @GSR_io, and other top VCs in the crypto space.
In this latest funding round, it was led by MassMutual Ventures, a financial giant managing over $500 billion in assets (ranked 357th in the 2018 Fortune Global 500). This top-tier endorsement spanning Web3 and traditional finance not only provides ample funding but also brings powerful strategic resources.
2. A top team with a background in Wall Street regular army:
Project CEO @mytwogweis has extensive experience in fixed income and interest rate derivatives at top financial institutions like Morgan Stanley, HSBC, and Wells Fargo. This professional background in traditional finance (TradFi) is a real 'dimensionality reduction strike' for building the DeFi fixed income market.
Disadvantages:
1. Overvaluation, huge takeover risk:
The fully diluted valuation (FDV) of the last round of private placement reached $400 million. This means that TGE participants have almost no valuation advantage, essentially paying for the profits of early investors and institutions. Entering at such a high position, unless the project's subsequent performance is extraordinary, the short-term upside potential is severely compressed, and the takeover risk is extremely high.
2. Doubts about on-chain real data:
The project party claims that by the end of 2024, its total locked value (TVL) has exceeded $300 million, with over 16,000 users. However, according to third-party data platform DeFiLlama, its current TVL is almost negligible.
The huge difference in data raises serious doubts about the true appeal and sustainability of its products.
