# Treehouse

> The decentralized fixed income layer

Treehouse is a decentralized fixed income protocol. It lets users earn yield on staked assets through interest rate arbitrage and publishes on-chain benchmark interest rates.

Treehouse is a decentralized fixed income protocol built on interest rate arbitrage and on-chain benchmark rates. It issues yield-bearing liquid staking tokens through tAssets and publishes consensus-based reference rates through Decentralized Offered Rates (DOR). Users earn returns on staked assets, while builders and protocols get transparent rates for pricing and settling fixed income products.

Users deposit native tokens or existing liquid staking tokens and receive tAssets that earn base staking rewards plus additional yield from arbitrage between fragmented native staking rates and lending market rates. DOR works differently, using a panel of participants who submit rate data, with staking, rewards, and slashing to keep submissions accurate and decentralized. The published rates track staking yields, with lending and borrowing rates alongside them.

The protocol is organized around two products, tAssets for yield and DOR for benchmark rates, and a native governance and utility token, TREE, that coordinates fees, staking, and voting. tAssets is available across several blockchains, and DOR rates are readable through APIs and smart contracts. Treehouse is used by stakers seeking yield, rate panelists and delegators, and developers building fixed income and derivatives applications.

- Type: Protocol
- Sector: DeFi
- Status: Active
- Founded: 2021-03-01
- Profile: https://thegrid.id/profiles/treehouse

## Products

- [tAssets](https://thegrid.id/profiles/treehouse): tAssets is a liquid staking product that issues yield-bearing tokens against deposited native tokens or existing liquid staking tokens. It earns base staking rewards plus Market Efficiency Yield from interest rate arbitrage, by supplying collateral to lending markets and borrowing native tokens for restaking. tAssets stay liquid and composable across DeFi for collateral, liquidity provision, and delegation to DOR panelists. (Liquid Staking, Live, Main Product)
- [Decentralized Offered Rates (DOR)](https://thegrid.id/profiles/treehouse): Decentralized Offered Rates (DOR) is an oracle system that produces consensus-based reference interest rates for digital assets. Operators, Panelists, Referencers, and Delegators provide and validate rate data, with game theory incentives and slashing mechanisms keeping submissions accurate. Published rates covering Ethereum staking, lending, and borrowing support derivatives pricing, hedging, and fixed income product construction. (Oracle, Live)

## Assets

- [Treehouse ETH (TETH)](https://thegrid.id/profiles/treehouse): tETH is a liquid staking token representing staked ETH on Treehouse Protocol. It is used for earning staking yield, providing collateral in DeFi lending markets, and delegating to DOR Panelists on Ethereum and Arbitrum. The protocol employs an interest rate arbitrage strategy that cycles assets through lending markets to capture yield above the standard Ethereum staking rate. (Liquid Staking Tokens (LSTs))
- [Treehouse AVAX (TAVAX)](https://thegrid.id/profiles/treehouse): tAVAX is a liquid staking token representing staked AVAX on Treehouse Protocol. It is used for earning AVAX staking yield and as collateral in DeFi applications on Avalanche. The protocol deploys adaptive yield strategies on Benqi and Aave to supplement base staking rewards with additional arbitrage returns. (Liquid Staking Tokens (LSTs))
- [Treehouse (TREE)](https://thegrid.id/profiles/treehouse): TREE is the utility and governance token of Treehouse Protocol. It is used for paying DOR querying fees, staking as collateral in the rate-setting process, distributing consensus rewards to participants, and voting on protocol governance decisions. It aligns Panelists, Delegators, and users through staking requirements and fee distribution across the DOR ecosystem. (Utility)
- [Treehouse HYPE (THYPE)](https://thegrid.id/profiles/treehouse): tHYPE is a liquid staking token representing staked HYPE on Treehouse Protocol. It is used for earning staking yield and providing liquidity in pools on HyperEVM, the only network where it is deployed. Automated lending strategies add arbitrage returns to base staking rewards for tHYPE holders. (Liquid Staking Tokens (LSTs))

## Links

- [Main](https://www.treehouse.finance)
- [Documentation](https://docs.treehouse.finance/protocol)
- [Blog](https://www.treehouse.finance/blog)
- [Whitepaper](https://www.treehouse.finance/tAsset_Whitepaper.pdf)
- [Media Kit/branding](https://www.treehouse.finance/company/brand)
- [Terms of Service](https://docs.treehouse.finance/protocol/legal/terms-of-service)
- [Privacy policy](https://docs.treehouse.finance/protocol/legal/privacy-policy)
- [Forum](https://governance.treehouse.finance)
- [Governance](https://snapshot.box/#/s:treehousefi.eth)
- [MICA Whitepaper](https://docs.treehouse.finance/protocol/legal/micar-whitepaper)
- [Twitter / X](https://x.com/TreehouseFi)
- [Discord](https://discord.gg/treehousefi)
- [LinkedIn](https://linkedin.com/company/treehousefinance)
- [Telegram](https://t.me/TreehouseFi)

## Legal

This data is provided under two licensing models.

Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
- a project's presence in The Grid's data does not imply endorsement.


- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP