What is Treehouse (TREE)?

Deep Dive

1. Purpose & Value Proposition

Treehouse aims to stabilize DeFi yields by introducing fixed-income infrastructure. Its flagship product, tAssets (e.g., tETH), allows users to earn yield from Ethereum staking and interest rate arbitrage while remaining liquid. The protocol also generates Decentralized Offered Rates (DOR)—on-chain benchmarks akin to TradFi’s LIBOR—used to price loans, derivatives, and structured products.

This addresses DeFi’s volatility by offering predictable returns, attracting both retail users and institutions (Treehouse Blog).

2. Technology & Architecture

• DOR Consensus: Panelists (vetted experts) submit daily rate forecasts, which are aggregated into benchmarks. TREE holders stake tokens to back accurate forecasters, earning rewards tied to performance.
• tAssets: Liquid staking tokens that combine ETH staking yields with Market Efficiency Yield (MEY)—a strategy capturing spreads between lending platforms like Aave and Spark.

This dual-layer system unifies fragmented interest rates and enables composability across DeFi (Treehouse Docs).

3. Tokenomics & Governance

• Supply: 1 billion max, with 15.6% circulating at launch.
• Utility:
  
  • Staking: Back DOR Panelists for rewards (50–75% APR).
  • Governance: Vote on protocol upgrades and treasury allocations.
  • Buybacks: 50% of fees from tETH are used to repurchase TREE, reducing supply and aligning growth with token value.

Token holders also pay fees to access DOR data, creating a sustainable revenue loop (Governance Proposal).

Conclusion

Treehouse positions itself as DeFi’s fixed-income layer, combining tAssets for yield generation and DOR for standardized benchmarks. Its tokenomics incentivize long-term participation through staking rewards and buybacks.

What’s next? Can Treehouse’s DOR become the default rate-setting mechanism for institutional DeFi adoption?