**[Treehouse and Euler Launch First Fixed-Rate Lending Market Anchored to On-Chain Benchmark Rate TESR]** BlockBeats News, June 4 — Treehouse announced that its on-chain benchmark rate, TESR (Treehouse Ethereum Staking Rate), has been integrated with Euler to launch the first fixed-rate lending market in DeFi anchored to a benchmark rate. Users can use tETH or wstETH as collateral to borrow WETH, with borrowing rates locked at the beginning of each monthly cycle based on the TESR 30-day consensus rate and remaining unchanged throughout the cycle, thereby eliminating uncertainties caused by borrowing rate fluctuations. The initial markets launched include tETH/WETH and wstETH/WETH. This market is professionally managed and risk-controlled by DeFi treasury management institution KPK, ensuring institutional-grade security and liquidity. Treehouse stated that this initiative provides DeFi users with a new fixed-rate borrowing option, potentially reducing risks associated with borrowing cost fluctuations and further advancing the development of on-chain interest rate markets. [Original Link]