Converti Treehouse ETH TETH in LORDS LORDS

tETH is a liquid staking token (LST) that converges the fragmented on-chain ETH interest rates market. Holders of tETH earn real yield in excess of Ethereum’s Proof-of-Stake (PoS) rewards through interest rate arbitrage while still being able to use tETH for DeFi activities. tETH is also foundational to supporting the eventual implementation of Treehouse’s Decentralized Offered Rates (DOR) consensus mechanism as well as the Treehouse Actively Validated Service (AVS).

## What is Realms World? Realms World is a fully onchain, open-source gaming ecosystem built on Starknet, a high-performance Ethereum Layer 2. At its core lies Eternum, a decentralized 4X MMO strategy game, and a growing constellation of interoperable games developed by aligned studios and independent grantees. The entire ecosystem is governed by Bibliotheca DAO, powered by Realm NFTs and the native token $LORDS. Every in-game economy, governance mechanism, and funding initiative flows through this DAO-governed, permissionless ecosystem. ## The $LORDS Token $LORDS is the native utility and incentive token of Realms World. It powers the in-game economies, governance, and staking infrastructure that hold the ecosystem together. **Utility Overview** 1. Gateway – $LORDS is used to access games, mint passes, purchase subscriptions, and more. 2. Denomination – It acts as the native currency across all games, DEX pools, and marketplaces. 3. Yield – Players can stake $LORDS to earn veLORDS, which unlock ecosystem-wide rewards. ## What is veLORDS? veLORDS (vote-escrowed LORDS) is a staking derivative earned by locking up $LORDS over time. It transforms passive holders into aligned participants with deeper rewards. **Yield Mechanics** - veLORDS holders earn a share of protocol and in-game fees generated across the Realms ecosystem. - As more games launch and generate onchain activity (e.g. minting, trading, entry fees), the veLORDS yield pool grows, resulting in naturally compounding APY over time. - Stakers are rewarded not just for holding, but for believing in the growth of the entire gaming ecosystem. ## Realm NFTs Realms (for Adventurers) NFTs are core governance assets that unlock unique utility: - DAO voting rights in Bibliotheca DAO - Free Eternum Season Passes (1 per Realm, per season) - Exclusive access to playtests, tournaments, and game launches - Tradable across Ethereum and Starknet (Realms.World, OpenSea, Element Market)