Treehouse Ethereum Staking Rate
Operated by Treehouse
Treehouse Ethereum Staking Rate is a consensus-derived yield curve that represents Ethereum's risk-free rate across various durations. As the very first application of DOR, the TESR curve serves a critical role by establishing a transparent benchmark rate, akin to the yield curves prevalent in traditional finance. This benchmark is essential for facilitating accurate pricing, effective risk management, and broader financial applications within the Ethereum ecosystem.
Parameters
Daily
Contract Address
0xa1c...94e1Coming soon
Coming soon
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Methodology
Treehouse Ethereum Staking Rate (TESR) is calculated daily as the annualized ratio of the total Ethereum (ETH) earnings for network validators to the average network effective ETH balance over an observation period of one day. The observation period starts at 00:00 UTC on the previous calendar day and ends at 00:00 UTC on the current calendar day.
Treehouse ESR Formula can be simplified to:
All data components are collected on a per-epoch basis, as validator effective balances update only once per epoch. Rewards are first aggregated across epochs before calculating the final staking rate
Consensus Layer Rewards
Consensus layer rewards are granted to the validators for participating in the Ethereum Proof-of-Stake consensus protocol. All rewards on the consensus layer come from the issuance of new ETH. Penalties are applied by burning a portion of the ETH staked by the validators. Treehouse ESR derives the consensus layer rewards earned from block proposals, attestations, and participation in the sync committee, subtracting the Ethereum burned due to slashing and penalties if validators fail to fulfil their duties.
Execution Layer Rewards
Execution layer rewards are the sum of priority fees or Maximal Extractable Value (MEV) bribes paid by users of Ethereum to the validators, which incentivize validators to include transactions in blocks promptly.
Effective Balance
The effective balance reflects the total active balance of all validators at the start of each epoch, which directly influences the rewards earned across the network.
Rate Consensus
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