

What is Binance Treehouse (TREE Coin)? Overview of the upcoming Treehouse project, analysis of token economy and future development
目录
- 什么是 Treehouse (TREE)?
- Treehouse(TREE)如何运作?
- Treehouse产品
- tETH
- DOR——分散报价利率
- GoNuts积分系统
- Treehouse亮点
- TREE 代币和代币经济学概述
- 2025 年第三季度路线图
- 开发团队、投资者和合作伙伴
- Treehouse 创始团队
- 投资基金
- 伙伴
- 总结
随着DeFi的不断扩张,固定收益产品的需求日益增长,其作用类似于债券在传统金融市场中的作用。然而,在区块链上构建一个透明、去中心化且安全的利率体系仍然是一个巨大的挑战。正因如此,Treehouse应运而生,旨在统一链上ETH利率市场,并为固定收益产品生态系统奠定基础。那么,在币安上线的项目究竟有何特别之处呢?让我们通过以下文章一起探秘!
什么是 Treehouse (TREE)?
Treehouse 是一个开创性的 DeFi 协议,旨在为数字资产构建一个去中心化固定收益层。该项目引入了两个核心基础设施组件:
- tAssets(例如 tETH):是流动性质押代币,使用户能够获得超过以太坊 PoS 奖励的实际收益。
- DOR(Decentralized Offered Rates):是一种去中心化的参考利率制定机制,类似于传统金融中的 LIBOR 或 SOFR,但部署在链上。
Treehouse 的目标是将分散的 ETH 利率汇聚成统一的标准,为长期、稳定、可访问的借贷、借款、质押和对冲产品奠定基础。
Treehouse(TREE)项目主页
Treehouse(TREE)如何运作?
Treehouse 基于生态系统中各方之间的协作模式运作:
- 用户将 ETH 或 LST 存入协议以接收 tETH,从而获得实际收益并在 DeFi 平台中使用 tETH。
- 运营商是发起 DOR 喂价的人。Treehouse 将运营第一个 DOR,名为 TESR (Treehouse Ethereum Staking Rate)。
- 小组成员(经过审查)将提供利率数据或预测,并质押 TREE/tAssets 以保证准确性。
- 委托人是拥有 tETH 并将建立 DOR 的义务委托给小组成员的人,但仍保留代币的所有权。
- 参考者将 DOR Feed 整合到贷款、掉期或衍生品定价等金融产品中。
- 客户是从 tETH 固定利息、套利或质押产品中受益的最终用户。
Treehouse 通过预测 – 权益 – 奖励/惩罚 – DOR 设置循环,确保利率机制的透明、客观和防操纵。
Treehouse产品
Treehouse 开发核心产品,构建数字资产的固定收益基础设施。从质押、利率确定到奖励分配,每款产品都旨在与生态系统无缝衔接。
tETH
tETH 是 Treehouse 的第一个流动权益资产——当用户将 ETH 或 LST(如 stETH、rETH、cbETH)存入协议时生成。
用途:
- 通过利率套利策略积累实际收益。
- 仍可在 Aave、Compound、Pendle 等 DeFi 平台上用作抵押品……
- 通过质押或委托给小组成员来支持 DOR 的经济安全。
目标:将ETH利息聚合到链上,为用户提供固定收益解决方案。
tETH核心产品
DOR——分散报价利率
DOR 是一个去中心化的参考利率设定系统,类似于 LIBOR/SOFR,但在区块链上。
- 第一个 DOR: TESR(Treehouse Ethereum Staking Rate)——代表以太坊的“无风险”利率。
- 活动:由质押 TREE 或 tETH 的小组成员提交利率预测,并进行投票决定。结果将被汇总并记录在链上。
- 应用:综合平台(参考者)使用其对贷款、固定收益、衍生品等金融产品进行定价……
DOR——分散报价利率
GoNuts积分系统
GoNuts Point System 是一种鼓励用户尽早加入 Treehouse 的奖励系统。
如何赚取积分:
- 发送 ETH 或 LST 来接收 tETH。
- 在综合平台上提供流动性。
- 参与质押、委托或为 DOR 设置过程做出贡献。
用途: Nuts积分将用于Treehouse生态系统中的排名、TREE空投分配或兑换奖励。
Treehouse亮点
- ETH 利率市场整合:有助于将分散的收益率收敛为无风险基准——类似于 TradFi 中的政府债券。
- 流动性质押升级:tETH 允许用户参与收益套利,同时保持流动性并可用于 DeFi。
- 增强经济安全性:持有 tETH 有助于确保 DOR 系统的完整性。
- 多协议集成:tETH 可用作 Aave、Compound、Euler、Pendle、Gearbox 等的抵押品……
- 多层次激励:用户可获得收益、积累Nuts积分、享受多种来源的空投。
TREE 代币和代币经济学概述
基本信息
- 代币名称:Treehouse
- 股票代码:TREE
- 合约:0x77146784315Ba81904d654466968e3a7c196d1f3
- 区块链:以太坊(ERC)
- 总供应量:1,000,000,000 TREE
TREE 分配:
- 社区奖励:20%
- 战略投资者:17.5%
- 开发团队:12.5%
- 国库 DAO:12.5%
- 社区空投:10%
- 生态系统基金:10%
- 核心贡献者:5%
- 未来空投:5.75%
- 与场内交易商的合作:3.75%
- 流动性供应:3%
TREE 分发时间表:
TREE 代币将在 48 个月内逐步解锁,确保可持续分配和长期利益。
TREE 用例:
TREE 是 Treehouse 协议的实用和治理代币,具有以下主要功能:
- 支付综合金融服务的DOR查询费用。
- 质押小组成员参与 DOR 设置过程。
- 根据预测准确性从共识机制中获得奖励。
- 参与 DAO 治理:对系统变更提出建议并进行投票。
- 赠款和生态系统支持:DAO 可以将 TREE 授予 Treehouse 集成产品。
2025 年第三季度路线图
- tAssets 第二阶段(正在进行中):扩展和升级 tAssets 产品线,包括对新 LST 的支持和增强的 DeFi 集成。
- 竹子项目——远期利率协议(FRA)市场:开发并启动远期利率协议(FRA)市场,支持基于未来利率预测的利率对冲和交易。
- 实时 DOR 汇率:启动实时链上 DOR 信息,从 TESR 开始,然后扩展到其他资产。
- 与关键的 DeFi 协议集成:将 tETH 和 DOR 与 Compound、Aave、Euler、Gearbox 等平台连接起来,以扩展实际应用。
- Gaia 发布:推出 Gaia——Treehouse 生态系统中的新产品或平台(更多详情请见下文)。
开发团队、投资者和合作伙伴
Treehouse 创始团队
Treehouse 的领导者在传统金融和初创技术领域都拥有丰富的经验:
Brandon G. – 联合创始人兼首席执行官
- 曾在富国银行、摩根士丹利等大型金融机构任职
- Brandon 于 2021 年与他人共同创立了 Treehouse,他是该项目整体开发和运营战略背后的推手,并代表 Treehouse 参加 MooFest 2025 等重大活动以及有关 DeFi 固定收益的深入播客。
Bryan Goh – 联合创始人
- Bryan 在旅游科技领域拥有丰富的经验,曾创办 Host Bully、Dibly、Native 和 Travelr(被 Hotels.com.sg 收购)。
- 在 Treehouse,他领导产品和设计,为 tETH 和 TESR 等产品提供直观且有凝聚力的用户体验。
Ben Loh – 联合创始人
- 在加入 Treehouse 之前,Ben 曾担任 AV/Blue Ivy Ventures 的风险投资研究员,在那里积累了风险投资和初创企业分析方面的经验。
- 在 Treehouse,他扮演着连接技术、链上数据和长期产品战略的角色。
Treehouse 创始团队
投资基金
战略轮次——2025年4月15日
- 2025年4月,Treehouse完成了一轮战略融资,估值高达4亿美元,但具体融资金额并未披露。
- 本轮融资汇聚了 Jordi Alexander (Selini Capital)、Guy Young (Ethena)、Matthew Tan (Etherscan)、Richmond Teo (Paxos APAC)、Michael Ashby、Darius Sit (QCP Capital) 等业内知名个人投资者,对项目建立 DeFi 固定收益类别的长期愿景充满信心。
格兰特——2024年12月18日
- Treehouse 获得了来自以太坊领先借贷协议之一 Compound Labs 的一笔资助。这笔资助旨在支持 Treehouse 进一步开发其去中心化利率基础设施,并更深入地融入现有的 DeFi 生态系统。
- 具体金额尚未披露,但标志着战略关系方面的一个重要里程碑。
种子轮(2022 年 3 月 16 日)
- Treehouse 于 2022 年 3 月成功在种子轮融资中筹集了 1800 万美元。此轮融资由 Mirana Ventures 和 Lightspeed Venture Partners 领投,YZi Labs(前身为 Binance Labs)、GSR、Wintermute、Jump Capital 以及其他 13 位投资者参与其中。
- 这笔资金用于构建tETH、DOR平台等首批产品。
种子前(2021 年 9 月 15 日)
- 在早期阶段,Treehouse 成功从 The Brooker Group(领投)、Coinhako、CRC Capital 和 Global Founders Capital 等战略投资者手中筹集了 240 万美元。
- 种子轮前融资是市场调研、经济模型开发和创始团队招募的基础。
Treehouse 筹款数据(来自 Cryptorank)
伙伴
Treehouse 正在积极与 DeFi 领域的领先协议对接,以提高产品适用性,例如将 tETH 集成到借贷和衍生品协议中:Aave、Compound、Euler、Gearbox、Pendle……
总结
随着 DeFi 市场持续增长,但缺乏透明稳定的利率基准,Treehouse 应运而生,成为链上固定收益产品的重要基础设施。Treehouse 采用流动性质押资产(tETH)和去中心化利率机制(DOR)的混合模型,不仅能为用户创造实际收益,还为构建固定利率借贷、利率对冲和衍生品等专业金融产品开辟了可能性。
Treehouse 拥有一支经验丰富的团队,并得到多家大型基金的支持,正逐步将自己定位为“DeFi 版 LIBOR”,成为传统金融体系与新一代去中心化金融之间的桥梁。如果说固定收益是 DeFi 缺失的一块拼图,那么 Treehouse 就是搭建这座透明、可持续且去中心化长桥的建筑师团队。
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