传统金融的核心工具首次上链了！
@TreehouseFi 和 @FalconXGlobal 刚刚推出首个以太坊质押利率远期合约TESR FRA，这是 DeFi 历史上的重要里程碑。
简单理解 FRA：
假如你现在的 ETH 质押收益是浮动的，可能今天 4%，明天 3.5%。但通过 FRA，你可以提前锁定未来某个时期的收益率，比如锁定未来 6 个月的 4.2% 年化收益。
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FRA解决的问题:
1️⃣收益确定性
资金不再需要承受质押收益波动风险，可以提前规划现金流
2️⃣投机机会
看涨未来利率的可以做多远期合约，看跌的可以做空
3️⃣复杂策略构建
通过组合多个不同期限的 FRA，可以构建出利率互换（IRS）策略
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从技术角度看，TESR（Treehouse 以太坊质押利率）作为基准利率，每天发布真实的链上质押收益数据。这为整个衍生品市场提供了可靠的定价基础。
机构参与度已经很高：
August、Edge Capital、RockawayX 已经开始交易
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这次合作最重要的意义在于：固定收益市场在传统金融中是最大的资产类别,市场规模高达 500 万亿美元。现在这套成熟的风险管理工具终于来到链上。
当 ETH 质押者可以管理利率风险时，整个 DeFi 生态的成熟度将迎来质的飞跃。这不是简单的产品创新，而是基础设施的升级。
固定收益 DeFi 的时代正式开始了,赶快通过 $TREE 加入进来!
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