Treehouse has announced the launch of its native token TREE following the successful completion of its Token Generation Event (TGE). The token is now available for trading on major crypto exchanges.
Launch of TREE Token and its Potential Uses
The TREE token has become available for trading on several major exchanges, including Binance, OKX, and Coinbase. The main functions of the token include:
- Staking to support trading via Pre-Deposit Vaults; - Participation in governance for protocol updates; - Earning rewards based on forecast accuracy.
As part of the launch, the first utility of the token was activated: Pre-Deposit Vaults, which are temporary staking pools with a guaranteed interest rate of 50 to 75% APR.
Fixed Income Infrastructure: DOR and tAssets
Treehouse is developing infrastructure solutions for fixed income in decentralized finance through the Decentralized Offered Rates (DOR) mechanism and tAssets.
DOR is a framework designed to provide transparency and stability to DeFi yields, similar to LIBOR and SOFR in traditional finance. A published benchmark reflecting ETH staking yields has also been introduced.
Strategy and Vision of Treehouse
Brandon Goh, the founder and CEO of Treehouse, expressed that the TREE token represents more than just a token, but an important step toward creating fixed income infrastructure on-chain. The company plans to further expand tAssets and introduce new derivative instruments to support both institutional and DeFi-native use cases.
The launch of the TREE token and the active initiatives to build fixed income infrastructure underscore the growing interest in decentralized finance and reinforce Treehouse's position as a leader in this field.
