As 2024 draws to a close, we’re pausing to reflect on an incredible year. 

Together, we launched the protocol in September, expanded across ecosystems, and built a thriving global community. None of this would have been possible without YOU—our supporters, builders, and believers. Thank you for being part of our journey to build the decentralized fixed income layer for digital assets.

Let’s look back at what we’ve achieved together in 2024 and share a glimpse of the exciting milestones waiting for us in 2025.

A Year of Milestones

This year, we launched the Treehouse Protocol on September 10, 2024, marking the beginning of a journey to revolutionize fixed income in DeFi. The response was overwhelming—our tETH vault reached $28 Million Total Value Locked (TVL) within the first four hours of launch and grew to $86 million TVL in just one day during the first cap raise. By the year’s end, we’ve surpassed $300 million TVL across all tAssets, with a 58% month-on-month growth rate since September.

Treehouse also solidified its place among the Top 100 protocols across all chains, with 16,800+ unique wallet holders spanning 142 countries. Each new cap raise and milestone was a testament to the growing demand for real yield solutions in DeFi and the trust you’ve placed in our vision.

Expanding the Ecosystem

2024 was also a year of ecosystem growth. We launched on two chains—Ethereum and Mantle—bringing tAssets to a wider audience. 

In October, we introduced the cmETH vault with $80M+ TVL to date, unlocking a new pathway for Mantle users to participate in DeFi fixed income solutions. 

These expansions have been key to spreading the benefits of tETH and Treehouse’s mission to build the Decentralized Fixed Income Layer in DeFi.

Collaborations and Integrations

This year, we are also excited to share that Treehouse onboarded 12 panelists to our Decentralized Offered Rates (DOR) initiative, including QCP Capital, Selini, and Hashkey! These partnerships are paving the way for transparent, reliable benchmarks in DeFi to enable fixed income products.

On top of that, we’ve also been integrated with partner protocols to allow our tAssets to be fully integrated into the DeFi ecosystem, giving our users more flexibility to engage with the Treehouse ecosystem and beyond.

  • Curve, Balancer: Launched Liquidity Pools for tAssets
  • Mantle: Rewarding cmETH users by staking into our cmETH vault for Methamorphosis Season 2
  • ether.fi: Liquid integrated tETH into their ETH Yield Vault
  • Term, Maple Finance: Accepted tETH as a collateral, granting it more utility
  • CowSwap: Providing users with the best rates when exiting tETH strategy
  • Delegate.xyz: Enabled wallet delegation to allow users to claim GoNuts boosts while keeping vaulted NFT and assets safe!

GoNuts with our Squirrels!

Our product launches were equally impactful. 

The Treehouse Squirrel Council NFTs were fully minted within one week of launch, reflecting the community’s enthusiasm and trust in the ecosystem. With an All-Time High (ATH) floor price of 0.4 ETH, these NFTs not only offered significant returns (a 13.33x increase from the mint price) but also unlocked utility for tAsset holders, providing the highest reward boosts in our GoNuts Rewards Program. 

Speaking of rewards, GoNuts distributed 240M+ Treehouse Nuts since September, giving participants even more reasons to stake and engage with our ecosystem. LFN!

Security at the Forefront

We’ve made security a top priority in 2024, completing four comprehensive audits with renowned security firms: 

These audits underline our commitment to building a safe and transparent protocol.

Building a Thriving Community

Treehouse isn’t just a protocol—it’s a community. 

In September, we co-hosted the 3rd Annual Treehouse Party during TOKEN2049 with Lido and RockX, welcoming over 90 institutions and protocols to connect and celebrate DeFi innovation. 

Meanwhile, our Treehousers Discord community grew to over 20,500+ members, and we surpassed 60,000 followers on X.

We also supported NFT communities by offering enhanced Treehouse rewards for CryptoPunks, BAYC, Pudgy Penguins, MAYC, Azuki, Pixelmon, and Sandbox holders, reinforcing our commitment to bridging DeFi and the broader digital asset space.

Looking Ahead to 2025

We’re closing the year with incredible momentum, but the best is yet to come. Here’s a sneak peek at what’s on the horizon for 2025:

  • Expanding tAssets: While tETH was just the beginning, we’re preparing to launch new tAssets across multiple ecosystems.
  • Branching Out to Layer 2: Scaling beyond Ethereum and Mantle to new chains, including Layer 2 solutions, to bring Treehouse to even more users.
  • DOR Mainnet Launch: The Decentralized Offered Rates (DOR) initiative will go live, setting the gold standard for reliable yield benchmarks in DeFi. This pivotal moment will anchor the future of decentralized finance.
  • Gaia Launch: While details are still under wraps, Gaia promises to take Treehouse to the next level.

Closing Thoughts

2024 was a monumental year for Treehouse, but it’s only the beginning. 

Every milestone we’ve achieved reflects the collective effort of our team, partners, and, most importantly, YOU—our community. Together, we’re not just building a protocol; we’re creating the future of decentralized finance.

Thank you for an unforgettable year—let’s make the next one even better!

Stake, build, and grow with Treehouse. 🌳