Converti Treehouse ETH TETH in Polly Finance POLLY

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).

Polly Finance is a completely community-driven platform where users can create and manage diverse baskets of tokens on Polygon, called nests. Nests have autonomous rebalancing and yield farming in a variety of protocols. POLLY is the governance token for the Polly Finance platform. Holders can use their tokens to vote on proposals to further the ecosystem, including the composition of nests, strategies they will follow and the future direction of the project. POLLY can be earned by participating in the yield farming program, which distributes tokens to users of the platform. In order to create a Nest, you have to burn an amount of Polly. As the burning process is complex, the recipe for nDEFI will automatically buy and burn the right amount for you during the creation process. The amount of Polly to be burned is currently tied to the volume demand of your issuance order, but governance may vote to change this model.