As DeFi continues to expand, the demand for fixed income products is increasing, similar to the Vai of bonds in the traditional financial market. However, building a transparent, decentralized and secure interest rate system on the blockchain is still a big challenge. That is why Treehouse was born to unify the on-chain ETH interest rate market and create a foundation for the fixed income product ecosystem. So what is special about the project that it is listed on Binance? Let's find out with Allinstation through the article below!
What is Treehouse (TREE)?
Treehouse is a pioneering DeFi protocol building a Decentralized Fixed Income Layer for digital assets. The project introduces two core infrastructure components:
- tAssets (e.g. tETH): are liquidation Staking Token that enable users to earn real yields that outperform Ethereum's PoS rewards.
- DOR (Decentralized Offered Rates): is a decentralized reference interest rate setting mechanism, similar to LIBOR or SOFR in traditional finance, but deployed on-chain .
Treehouse's goal is to converge Shard ETH interest rates into a unified standard, creating the basis for long-term, stable, and accessible lending, borrowing, Staking , and hedging products.
How does Treehouse (TREE) work?
Treehouse operates based on a collaborative model between parties in the ecosystem:
- Users deposit ETH or LST into the protocol to receive tETH, thereby earning real yield and using tETH in DeFi platforms.
- Operators are the ones who initiate the DOR Feeds. Treehouse will operate the first DOR called TESR (Treehouse Ethereum Staking Rate).
- Panelists (vetted) will provide interest rate data or forecasts, and Stake TREE/tAssets to guarantee accuracy.
- Delegators are those who own tETH and delegate to Panelists the obligation to establish DOR, but still retain ownership of the Token.
- Referencers integrate DOR Feed into financial products such as lending, swaps or Derivative pricing.
- Clients are end users who benefit from tETH fixed interest, arbitrage or Staking products.
Through the prediction – Stake – reward/penalty – DOR setting loop, Treehouse ensures a transparent, objective and anti-manipulation interest rate mechanism.
Treehouse Products
Treehouse develops core products to build the fixed income infrastructure for digital assets. From Staking , interest rate determination to reward distribution, each product is designed to work seamlessly within the ecosystem.
tETH
tETH is Treehouse's first liquidation Staking asset – Mint when users deposit ETH or LST (like stETH, rETH, cbETH) into the protocol.
Uses:
- Accumulate real yields through interest rate arbitrage strategies.
- Can still be used as collateral on DeFi platforms such as AAVE, Compound, Pendle,…
- Support DOR's economic security through Stake or delegating to Panelists.
Goal: Converge ETH interest on-chain and provide fixed income solutions for users.
DOR – Decentralized Offered Rates
DOR is a decentralized reference rate setting system, similar to LIBOR/SOFR but on the blockchain.
- First DOR: TESR (Treehouse Ethereum Staking Rate) – represents Ethereum’s “risk-free” interest rate.
- Activity: Determined through Panelists Stake TREE or tETH and submitting interest rate predictions. Results will be aggregated and recorded on-chain.
- Application: Used by integrated platforms (Referencers) to price financial products such as lending, fixed yield, derivatives,...
GoNuts Point System
GoNuts Point System is a reward system that encourages users to join Treehouse early.
How to earn points:
- Send ETH or LST to receive tETH.
- Provide liquidation on integrated platforms.
- Participate in Staking, delegating or contributing to the DOR setup process.
Uses: Nuts points will be used for ranking, TREE Airdrop allocation, or exchange for incentives in the Treehouse ecosystem.
Treehouse Highlights
- ETH interest rate market consolidation: helps converge Shard yields into a risk-free benchmark – similar to government bonds in TradFi.
- Liquid Staking upgrade: tETH allows users to participate in yield arbitrage while remaining liquidation and usable in DeFi.
- Enhanced economic security: holding tETH helps ensure the integrity of the DOR system.
- Multi-protocol integration: tETH can be used as collateral on AAVE, Compound, Euler, Pendle, Gearbox,…
- Multi-tiered incentives: users can receive yield, accumulate Nuts points, and enjoy Airdrop from multiple sources.
Overview of TREE Token and Tokenomics
Basic information
- Token Name: Treehouse
- Ticker: TREE
- Contract: 0x77146784315Ba81904d654466968e3a7c196d1f3
- Blockchain: Ethereum (ERC)
- Total Supply: 1,000,000,000 TREE
TREE Allocation:
- Community Reward: 20%
- Strategic investors: 17.5%
- Development team: 12.5%
- Treasury DAO: 12.5%
- Community Airdrop : 10%
- Ecosystem Fund: 10%
- Core Contributors: 5%
- Future Airdrop : 5.75%
- Cooperation with the floor: 3.75%
- Liquidation: 3%
TREE Distribution Schedule:
TREE Token will be unlocked gradually over 48 months, ensuring sustainable distribution and long-term benefits.
TREE use cases:
TREE is the utility and governance Token of the Treehouse protocol, with the following main functions:
- Pay DOR query fees for integrated financial services.
- Staking Panelist to participate in the DOR setup process.
- Get rewarded from consensus mechanism based on forecast accuracy.
- Participate in DAO governance: propose and vote on changes in the system.
- Grants & ecosystem support: DAO can grant TREE to Treehouse integrated products.
Roadmap Q3/2025
- tAssets Phase 2 (ongoing): Expand and upgrade the tAssets product line, including support for new LSTs and increased DeFi integration.
- Bamboo Project – Forward Rate Agreement (FRA) market: Develop and launch the Forward Rate Agreement (FRA) market to support interest rate hedging and trading based on future interest rate forecasts.
- Live DOR Rates: Launch live on-chain DOR feeds, starting with TESR and potentially expanding to other assets.
- Integrate with key DeFi protocols: Connect tETH and DOR with platforms like Compound, AAVE, Euler, Gearbox,… to expand practical applications.
- Gaia Launch: Introducing Gaia – a new product or platform within the Treehouse ecosystem (further details to follow).
Development Team, Investors and Partners
Treehouse Founding Team
Treehouse is led by people with extensive experience in both traditional finance and startup technology:
Brandon G. – Co-Founder & CEO
- Held Vai at major financial institutions such as Wells Fargo and Morgan Stanley
- Brandon co-founded Treehouse in 2021, he is the man behind the project's overall development and operations strategy, and represents Treehouse at major events such as MooFest 2025 and in-depth podcasts on DeFi Fixed Income.
Bryan Goh – Co-Founder
- Bryan has a strong background in travel-tech, having started Host Bully, Dibly, Native and Travelr (acquired by Hotels.com.sg).
- At Treehouse, he leads product and design, delivering intuitive and cohesive user experiences in products like tETH and TESR.
Ben Loh – Co-Founder
- Prior to Treehouse, Ben was a Venture Fellow at AV/Blue Ivy Ventures, where he gained experience in venture capital and startup analysis.
- At Treehouse, he plays a Vai connecting technology, on-chain data, and long-term product strategy.
Investment fund
Strategic Round – April 15, 2025
- In April 2025, Treehouse completed a strategic Capital round at a valuation of up to $400 million, although the amount raised was not disclosed.
- This round brings together many prominent individual investors in the industry such as Jordi Alexander (Selini Capital), Guy Young (Ethena), Matthew Tan (Etherscan), Richmond Teo (Paxos APAC), Michael Ashby, and Darius Sit (QCP Capital), showing great confidence in the project's long-term vision of establishing a fixed income class for DeFi.
Grant – December 18, 2024
- Treehouse received a grant from Compound Labs, one of the leading lending protocols on Ethereum. The grant is intended to support Treehouse in further developing its decentralized interest rate infrastructure and integrating deeper into the existing DeFi ecosystem.
- The specific amount was not disclosed, but marks an important milestone in terms of strategic relations.
Seed Round (March 16, 2022)
- Treehouse successfully Capital $18 million in a Seed round in March 2022. The round was led by Mirana Ventures and Lightspeed Venture Partners, with participation from YZi Labs (formerly Binance Labs), GSR, Wintermute, Jump Capital, and over 13 other investors.
- This Capital is used to build the first products such as tETH and the DOR platform.
Pre-Seed (September 15, 2021)
- At a very early stage, Treehouse successfully raised $2.4 million from strategic investors such as The Brooker Group (lead), Coinhako, CRC Capital and Global Founders Capital.
- The Pre-Seed round Vai as a foundation for market research, economic model development, and founding team recruitment.
Partner
Treehouse is actively connecting with leading protocols in DeFi to increase product applicability such as integrating tETH into Lending & Derivatives protocols: AAVE, Compound, Euler, Gearbox, Pendle,...
Conclude
As the DeFi market continues to grow but lacks a transparent and stable interest rate benchmark, Treehouse has emerged as an essential infrastructure for on-chain fixed income. With a hybrid model of liquidation Staking assets (tETH) and decentralized interest rate setting mechanism (DOR), Treehouse not only generates real yields for users but also opens up the possibility of building specialized financial products such as fixed lending, interest rate hedging, and derivatives.
With a team of experienced people, backed by many large funds, Treehouse is gradually positioning itself as the “LIBOR of DeFi” – becoming a bridge between the traditional financial system and the new generation of decentralized finance. If Fixed Income is the missing Shard of DeFi, then Treehouse is the team of architects building that long bridge, transparent, sustainable and decentralized.
