I. Project Overview

TreeHouse, as a decentralized fixed income infrastructure protocol, solves the problem of on-chain interest rate fragmentation through an original dual-drive mechanism:

  1. tAssets Yield Certificate: Users who deposit ETH/LST assets automatically generate freely tradable tETH/tLST certificates, relying on cross-protocol arbitrage to maximize returns.

  2. DOR Benchmark Interest Rate: A transparent interest rate system formed by professional team quotations and community governance, providing a market-based pricing anchor for tAssets. As of August 2, 2025, the total locked value (TVL) of the protocol reached $508 million, with an annualized yield of 3.12%, a cumulative user base of 52.4k, and full support for the Ethereum, Mantle, and Arbitrum ecosystems through 10+ independent security audits.

II. Core Team and Capital Structure

  • Team Composition: The co-founders include quantitative experts from traditional financial institutions and smart contract developers from leading DeFi protocols such as Compound. The project was launched in 2021 to build a yield bridge between TradFi and DeFi.

  • Security System: Accepts code verification from top auditing firms such as Trail of Bits and Sigma Prime, and establishes an on-chain risk reserve mechanism.

  • Financing Strategy: Favored by top investors such as YZi Labs, Mirana Ventures, Wintermute, Bitpanda, Jump Capital, etc., with a total financing of 18 million and a valuation of 400 million. Adopts a progressive token release model, with 45% of the ecological fund allocated in TREE tokens, with a 48-month unlocking cycle.

III. Token Economic System

1. TREE Core Utility

  • Governance Rights: Holders can participate in key decisions such as DOR parameter optimization and ecological fund allocation.

  • Access Mechanism: Interest rate quoters need to pledge TREE to obtain qualification, and smart contract calls to DOR data require payment of token fees.

  • Value Capture: Part of the protocol income is used for token repurchase and destruction through DAO decisions, and the remaining part is rewarded to high-precision interest rate submitters.

  • Staking Rewards: Staking TREE can earn 50% to 75% APR.

2. Allocation Scheme

Allocation Scheme

3. Deflationary Model

  • A 3% transaction fee is charged for all transactions and permanently destroyed.

  • 50% of DOR data query fees are used for market repurchases.

IV. Project Progress

  1. Historical Airdrop: The first airdrop of 47,000 TREE tokens was completed on July 29, 2025, and listed on Binance spot and contracts.

  2. Product Iteration: The DOR interest rate derivatives market will be launched in the fourth quarter of 2025, with tETH futures contracts as the first launch.

  3. Ecological Cooperation: Working with Ondo Finance to promote tokenized U.S. Treasury projects, directly anchoring the U.S. Treasury yield curve.

  4. Future Airdrops: The S2 season airdrop event is in progress. Staking ETH can earn points, and points can be exchanged for $TREE after the S2 season ends.

@Treehouse Official #TreeHause $TREE