DeFiPunk'd

Treehouse Protocol

DOR

TVL $83.3M
Type DOR
Chains Ethereum, Avalanche, Mantle
View on DeFiLlama ↗
Control criteria
Upgradeability Upgradeable Bug bounty hackenproof.com Governance forum governance.treehouse.finance Docs docs.treehouse.finance
About

Treehouse Protocol is a decentralized fixed income layer introducing tAssets and Decentralized Offered Rates (DOR). Users deposit ETH or liquid staking tokens (LST) to receive tETH and contribute to fragmented on-chain interest rate convergence. The protocol generates Market Efficiency Yield (MEY) through interest rate arbitrage strategies across DeFi lending markets, with deployments on Ethereum, Arbitrum, Avalanche, and Mantle.

Risk analysis

One card per dimension, sorted by severity. Only Verifiability and Autonomy carry automated signals in Phase 0. See methodology for scope.

Audit a dimension yourself · DEFI@home Contribute an LLM-run assessment — any model, any dimension. Three agreeing runs merge automatically into the public record.

DEFI@home is a distributed audit network modeled on SETI@home: instead of CPU cycles, it crowdsources LLM reasoning. Paste a slice prompt into Claude, ChatGPT, Gemini, or any browsing-capable model, and submit the JSON output as a pull request. The quorum bot merges it once ≥3 independent runs (from different models) reach the same grade — no single model, and no single contributor, can move the needle alone. How it works →

  • Address discovery 16 addresses on file · 1 run Submit run ↗
  • Verifiability Unverified Submit run ↗
  • Control Unverified Submit run ↗
  • Ability to exit Unverified Submit run ↗
  • Autonomy Unverified Submit run ↗
  • Open Access Unverified Submit run ↗
  • Audit all 5 dimensions · one prompt Submit run ↗
  1. Verifiability tentative
    Open source + 17 audits

    Protocol publishes a GitHub repository and has at least one audit on record. This is a coarse Phase-0 signal only: auditor reputation, scope, and post-audit review coverage are not yet weighted.

    Run your own prompt Submit run ↗
4 dimensions not yet assessed (Control, Ability to exit, Autonomy, Open Access)
  1. Control unknown Unverified
    Not yet assessed

    Who holds admin privileges, how contracts can be upgraded, and how quickly. No automated heuristic grades this at Phase 0; a real assessment arrives when onchain discovery reads roles, owners, and timelocks.

    No model has graded this dimension yet. Run the slice prompt through any LLM and submit the JSON — once ≥3 independent runs agree, the quorum bot merges the verdict here.

    Submit run ↗
  2. Ability to exit unknown Unverified
    Not yet assessed

    Whether users can exit on their own terms if the team disappears or acts adversarially. Requires per-protocol review; not available at Phase 0.

    No model has graded this dimension yet. Run the slice prompt through any LLM and submit the JSON — once ≥3 independent runs agree, the quorum bot merges the verdict here.

    Submit run ↗
  3. Autonomy unknown Unverified
    No Phase-0 autonomy signal

    Neither the category heuristic nor the forkedFrom signal fires for this protocol. A real autonomy graph (oracles, bridges, fallbacks, governance-mutable dependencies) arrives with Phase-2 onchain discovery.

    No model has graded this dimension yet. Run the slice prompt through any LLM and submit the JSON — once ≥3 independent runs agree, the quorum bot merges the verdict here.

    Submit run ↗
  4. Open Access unknown Unverified
    Not yet assessed

    Whether the protocol depends on privileged operators, whitelists, geo-restrictions, or off-chain infrastructure. This is not a signal DeFiLlama carries in a usable form; crawler-based detection lands in a later phase.

    No model has graded this dimension yet. Run the slice prompt through any LLM and submit the JSON — once ≥3 independent runs agree, the quorum bot merges the verdict here.

    Submit run ↗

Stage

Preview of the Phase-3 maturity framework. DeFiPunk'd will adopt DeFiScan v2's stages verbatim; the section is rendered below in its intended shape so the structure is visible today.

Treehouse Protocol has not yet been assessed under the DeFiScan v2 stage framework.
The walkaway test is the central criterion. Once stages land, protocols reach Stage 1 only if users can exit in the presence of malicious operators even when the emergency council disappears.
Scope of assessment
Stages are assessed per-protocol against DeFiScan v2's criteria: governance structure, upgradeability path, timelock durations, emergency-council scope, and the walkaway test. The analysis depends on onchain discovery (roles, owners, timelocks) and deeper review of deployed contracts — neither of which DeFiPunk'd automates at Phase 0.
Stage 0 requirements pending
Governance is largely off-chain, contracts are upgradeable with short or no timelock, and the protocol depends on a multisig or team with full discretion. At Phase 0 DeFiPunk'd does not automatically evaluate these; the assessment lands with crawler-based onchain discovery.
Stage 1 requirements pending
Users can exit or opt out on their own terms even if the team disappears. Upgrades run through a meaningful timelock with an emergency security council clearly scoped. The walkaway test is the headline criterion.
Stage 2 requirements pending
Protocol is fully permissionless and immutable, or upgrades require a supermajority of token holders with a long timelock and no emergency override. This is the terminal stage of the DeFiScan v2 framework.
Learn more about DeFiScan v2 stages →
Stages are an opinionated assessment of maturity, not a rating of security or safety. A protocol can sit at Stage 2 and still carry substantial technical or economic risk; the framework exists to incentivize decentralization, not to rank protocols.

Contract surface

Every contract in scope for this protocol — pooled from DeFiLlama's TVL adapter (mechanical) and DEFI@home discovery submissions (LLM-curated). Verified-source flags come from Etherscan + Sourcify; owner / multisig metadata is read on-chain when available. Reviewer audit context, not a slice score. A lending protocol's adapter set will list third-party collateral tokens alongside its own contracts; attribution is the grader's job.

  • 26addresses
  • 9verified source
  • 3proxies
  • 1of 2 owners are Safes

TVL adapter pinned at 683d369. Sourcecode fetched 2026-05-06. Control fetched 2026-05-14.

Arbitrumpool (tETH-wstETH LP)0x65c2…1c21discovery
Arbitrumtoken (tETH)0xd09a…7003discoverytoken
Avalanchepool (tAVAX-sAVAX LP)0x832f…d1f0discovery
Avalancherouter (tAVAX)0x5f4d…3d6ediscoveryrouter
Avalanchestrategy (tAVAX Aave)0x568b…15bbdiscoveryvault
Avalanchetoken (tAVAX)0x14a8…1646discoverytoken
Avalanchevault (tAVAX)0x3fc6…99eddiscoveryvault
avaxTransparentUpgradeableProxy0x2b2c…a4beTVLproxy
avaxNavRegistry0x950d…dcc6TVL
avaxVault0x3fc6…99edTVLvault
ethereumNavRegistry0xe2d6…51e9TVL
ethereumtvl0x3fc6…99edTVL
ethereumtvl0x950d…dcc6TVL
ethereumVault0x551d…761bTVL + discvault
ethereumUUPSProxy0xcd5f…b7eeTVLproxy0x9f26…0761
ethereumWstETH0x7f39…2ca0TVL
Ethereumbridge (tETH CCIP LockReleaseTokenPool)0x8113…8435discoverybridge
Ethereumpool (tETH-wstETH LP)0xa10d…ddb1discovery
Ethereumrouter (tETH)0xefa3…28f5discoveryrouter
Ethereumstrategy (tETH Aave Core)0x60d2…5943discoveryvault
Ethereumstrategy (tETH Aave Prime)0xb27d…ce98discoveryvault
Ethereumstrategy (tETH Spark)0x5ae0…4938discoveryvault
Ethereumtoken (tETH)0xd11c…5ed8discoverytoken
Ethereumtoken (TREE governance)0x7714…d1f3discoverygovernance
mantleTransparentUpgradeableProxy0xe682…e8faTVLproxy0x71a1…50376/14 Safe
mantleSimpleStakingERC200x5e4a…9dccTVL

Protocol Info

Links

[defillama] Source: DeFiLlama [:] Source: DEFI@home quorum
Twitter
@TreehouseFi

Security

[curated] Source: curated human overlay [:] Source: DEFI@home quorum
Security contact
unknown

Technical

[:] Source: DEFI@home quorum
Voting token
TREE Ethereum: 0x77146784315ba81904d654466968e3a7c196d1f3
Upgradeability
Upgradeable

Provenance

[defillama] Source: DeFiLlama
Review status
listed
Updated
2026-06-01 11:27 UTC