Recent developments in DeFi fixed income @TreehouseFi:

1/ Launched on South Korea's largest exchange Upbit, with the coin price doubling.

2/ Expanded to Avalanche, launching LST tAVAX.

Regarding Treehouse's expansion to Avalanche, many people only see the surface. Let me break down a few details.

First, for Treehouse's expansion to Avalanche, the chosen partner is BENQI.

BENQI is not only the second-largest protocol by TVL in the Avalanche ecosystem (second only to Aave), but more importantly, it is a leading ecosystem project invested in by the Avalanche Foundation.

The yield mechanism of tAVAX completely relies on BENQI, which binds the interests of Treehouse with the Avalanche ecosystem, rather than being a simple technical integration.

Secondly, the timing of this choice is no coincidence.

In August, Grayscale officially submitted an S-1 filing to the SEC to convert the Avalanche Trust into a spot ETF. VanEck is also competing in the same space. If approved, Avalanche will become the third cryptocurrency asset to have a U.S. spot ETF, following Bitcoin and Ethereum.

Is it a coincidence that Treehouse launched tAVAX at this juncture?

Finally, let’s address the most important question: how can retail investors position themselves in this expansion?

Two methods.

The first is for $AVAX holders.

tAVAX currently offers about 6% APY.

Source of yield: After users deposit AVAX into Treehouse, the protocol will first stake it in BENQI to obtain sAVAX. Then, it will collateralize sAVAX in AAVE to borrow more AVAX and stake it back in BENQI to obtain more sAVAX. Since the borrowing rate for AVAX is lower than the staking yield, this cycle can effectively amplify returns, allowing tAVAX holders to achieve higher returns than simple staking.

By holding tAVAX, users can earn the highest current yield, and once the Avalanche ETF is approved, it may lead to an increase in $AVAX.

The second method is for Treehouse ecosystem users.

Holding tAVAX also allows users to accumulate Nuts daily (1 Nut for every 20 tAVAX per day). These Nuts are part of the GoNuts Season 2 rewards, with a chance to receive $TREE token airdrops.

How to obtain tAVAX?

Step 1: Visit the Treehouse dApp.

Step 2: Connect your wallet and choose to deposit AVAX, WAVAX, or sAVAX.

Step 3: Confirm the transaction to mint tAVAX (instant delivery).

It's that simple.

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