DeFi Fixed Income Bottom Layer @ TreehouseFi Recent Trends: 1/Launched Upbit, the largest cryptocurrency exchange in South Korea, doubling its price 2/Expand to Avalanche and launch LST tAVAX Regarding the extension of Treehouse to avalanches, many people only see the surface. Let me analyze a few details. Firstly, Treehouse expanded to Avalanche and chose BENQI as its partner. BENQI is not only the second largest TVL protocol in the Avalanche ecosystem (after Aave), but more importantly, it is the ecological leader invested by the Avalanche Foundation. The revenue mechanism of tAVAX relies entirely on BENQI, and this design creates a benefit binding between Treehouse and the Avalanche ecosystem, rather than simple technological integration. Secondly, the timing is not accidental. In August, Grayscale officially submitted an S-1 document to the SEC, applying to convert Avalanche Trust into a spot ETF. VanEck is also competing on the same track. If approved, Avalanche will become the third cryptocurrency asset to have a US spot ETF, following Bitcoin and Ethereum. Is it a coincidence that Treehouse launched tAVAX at this node? Finally, the most important question is, how can retail investors ambush from this expansion? Two methods. The first type is for AVAX holders. TAVAX currently offers approximately 6% of the APY. Source of Revenue: After users deposit AVAX into Treehouse, the agreement will first pledge it to BENQI to obtain sAVAX. Further pledge sAVAX to AAVE to lend out more AVAX, and then pledge it again to BENQI to obtain more sAVAX. Due to AVAX's lending rate being lower than the pledge yield, this cycle can effectively amplify returns, allowing tAVAX holders to receive higher returns than simply pledging. By holding tAVAX, users can achieve the highest current returns, and once the Avalanche ETF is approved, it may lead to an increase in AVAX. The second type is aimed at Treehouse ecosystem users. Holding tAVAX can also accumulate Nuts daily (1 Nut per 20 tAVAX days), which are part of the GoNuts Season 2 rewards and have the opportunity to receive TREE token airdrops. How to obtain tAVAX? Step 1: Access Treehouse dApp Step 2: Connect the wallet and select deposit AVAX, WAVAX, or sAVAX Step 3: Confirm the transaction and cast tAVAX (instant payment) It's that simple.