Treehouse Architecture

• tAsset is a liquid-staking token (LST) that works to provide real yield in excess of a chain's risk-free rate through interest rate arbitrage.

• Decentralized Offered Rate (DOR) is a reference rate setting consensus mechanism incentivizing a market of stakeholders to provide accurate interest rates data and forecasts.

• Operators are the initiators of DOR feeds and help to maintain the integrity and success of existing DORs. Treehouse will serve as the first Operator, working with select Panelists to bring to life the first DOR, the Ethereum Staking Rate (ESR) Curve.

• Panelists are entities that are equipped with proprietary models and Treehouse DOR software to provide interest rate data or forecasts. At this time, only whitelisted Panelists who have passed stringent checks are allowed to perform this duty, ensuring the early integrity of the Treehouse Protocol.

• Referencers are entities that integrates DOR feeds directly into their own interest rate-related services or products, utilizing DOR in the pricing or settling of financial instruments.

• Delegators are participants who delegate tAssets to Panelists to fulfill DOR duties on their behalf. Delegators retain full ownership of their assets but give agency rights to their selected Panelists.