The $TREE token is the native utility and governance asset of the Treehouse Protocol, a decentralized finance (DeFi) platform aiming to bring transparency and stability to on-chain fixed income markets. Launched in late July 2025, TREE operates on Ethereum and Binance Smart Chain, and is integral to Treehouse’s Decentralized Offered Rate (DOR) system—a decentralized benchmark rate mechanism inspired by traditional financial benchmarks like LIBOR .
TREE serves multiple purposes within the ecosystem. It is used to pay for DOR data queries, incentivize and secure rate-setting panelists through staking, and participate in protocol governance. Additionally, TREE can be staked in Pre-Deposit Vaults, offering yields between 50% and 75% APR, thereby encouraging active participation in the network.
Following its Token Generation Event (TGE), TREE was listed on major exchanges including Binance, Coinbase, OKX, and Bitget. However, the token experienced significant price volatility, with its value dropping over 50% shortly after launch due to airdrop-related sell pressure . As of now, TREE trades around $0.44, with a circulating supply of approximately 156 million tokens out of a maximum of 1 billion .
Despite early market fluctuations, Treehouse’s innovative approach to decentralized fixed income and its robust infrastructure position TREE as a noteworthy asset in the evolving DeFi landscape.
