Treehouse and Euler launch the first fixed interest rate lending market anchored to the on-chain benchmark rate TESR

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BlockBeats News, June 4th, Treehouse announced that its on-chain benchmark rate TESR (Treehouse Ethereum Staking Rate) has integrated with Euler, launching the first fixed interest rate lending market anchored to a benchmark rate in DeFi.

Users can use tETH or wstETH as collateral to borrow WETH. The borrowing rate will be locked at the start of each monthly cycle based on the TESR 30-day consensus rate and will remain unchanged throughout the cycle, eliminating the uncertainty caused by fluctuations in lending rates.

The first markets launched include tETH/WETH and wstETH/WETH. These markets are professionally managed and risk-controlled by DeFi treasury management firm KPK to provide institutional-level security and liquidity.

Treehouse stated that this move offers DeFi users a new fixed interest rate lending option, which is expected to reduce the risk of borrowing cost volatility and further promote the development of on-chain interest rate markets.

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