Treehouse Protocol
  • The Decentralized Fixed Income Layer
  • Overview
    • Treehouse Architecture
    • Key Terms
    • Learning Resources
    • Technical Whitepaper
    • Support and Community
  • tETH
    • Introduction
    • Architecture
      • Yield Optimization
      • Gas Optimization
      • Token Accounting
      • Deployment Process
      • Redemption Process
      • Safety Mechanisms
      • Profitability Assessments
    • Risks
      • Counterparty Risks
      • Liquidity Risks
      • Oracle Risks
      • Overutilization Risks
      • Regulatory Risks
      • Smart Contract Risks
    • Security
      • Audits
      • Bug Bounty
    • User Guides
      • How to Deposit
      • How to Withdraw
        • Below Redemption Band
          • Swap
          • Fast Redemption
        • Above Redemption Band
          • Normal Redemption
          • Fast Redemption
      • How to LP
      • Referral System
      • How to Bridge
    • Key Addresses
  • DOR
    • Introduction
    • Key Design Principles
    • Stakeholders
      • Checks & Balances
    • Consensus Mechanism
    • Payout Mechanism
      • Panelist Pool
      • Delegator Pool
      • Payout Example
      • Payout in DORs with Multiple Tenors
    • Slashing Mechanism
      • Slashing Formula
      • Distribution of Slashed Tokens
      • Slashing in DORs with Multiple Tenors
      • Exceptional Cases
    • Glossary
    • Applications
    • Appendix
  • TESR
    • Treehouse Ethereum Staking Rate (TESR)
    • Ethereum’s Proof of Stake (PoS) Mechanism
      • Consensus Layer Rewards
        • Attestation Rewards
        • Sync Committee Rewards
        • Proposer Rewards
      • Execution Layer Rewards
        • Priority Fees/Tips
        • Maximal Extractable Value (MEV) Bribes
    • Observation Period
    • Publication Time
    • Index Calculation
    • Data Precision
    • Disruptive Events To Index Calculations
      • Ethereum Fails to Finalize Blocks
      • Changes to the Staking Reward Mechanism
      • Too Few Validators
    • Pre-publication Reliability Checks
      • Rate Volatility Check
      • TESR Component Sanity Data Check
    • Governance
      • Rate and Methodology Adjustments
      • Monitoring
      • Cessation
      • Licensing and Distribution
    • Data Sources
    • Decentralization
      • How Consensus is Reached?
    • Get Published Rates
      • API
      • Smart Contract
  • DOR Panelist Terminal
    • Panelist Submission Guide
  • TELR
    • Treehouse Ethereum Lending Rate (TELR)
  • Methodology
  • Data Sources
  • Market Exclusion Criteria
  • Weighting Scheme
  • Update Frequency
  • Get Published Rates
    • API
  • TEBR
    • Treehouse Ethereum Borrowing Rate (TEBR)
  • Methodology
  • Data Sources
  • Market Inclusion Criteria
  • Weighting Scheme
  • Update Frequency
  • Get Published Rates
    • API
  • About Us
    • Road to Decentralization
    • Build With Us
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  1. tETH

Introduction

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Last updated 5 months ago

tETH is a liquid staking token (LST) that converges the fragmented on-chain ETH interest rates market. Holders of tETH earn real yield in excess of Ethereum’s Proof-of-Stake (PoS) rewards through interest rate arbitrage while still being able to use tETH for DeFi activities. tETH is also foundational to supporting the implementation of Decentralized Offered Rates (DOR).

Ensuring on-chain interest rate efficiency: Holders of tETH actively shape on-chain markets by converging rates to Ethereum’s “risk-free” rate.

Democratizing access to fixed income arbitrage: tETH allows users to participate in arbitrage strategies typically accessible only to institutional investors.

Powering Decentralized Offer Rates (DOR): By holding tETH, users help extend cryptoeconomic security to DOR.