Deposit $cmETH on Treehouse to earn 20x Powder per $cmETH daily!

With Season 2: Methamorphosis in full swing, our Spotlight guides are back to walk you through all the ways to start earning Powder, which can eventually be converted into $COOK rewards. We're starting with a guide for adventurous users, showing how you can earn Powder by depositing $cmETH on Treehouse.

Treehouse is a decentralized application that introduces Treehouse Assets (tAssets) and Decentralized Offered Rates (DOR), new primitives that enable fixed income products in digital assets.

Have idle $cmETH? Let it cook in the Treehouse and start accruing Powder and other Treehouse rewards.

Accumulate Powder on Treehouse: Step-by-Step Guide

Step 1

• Navigate to the $cmETH Vault.
• Connect your wallet.
• Select "Deposit."

Step 2

• Enter the amount of $cmETH you wish to deposit, then click "Deposit cmETH."

Step 3

• Approve the spending cap request in your wallet and pay the associated transaction fee.

Note: All gas fees are paid in $MNT, so please ensure you have a sufficient balance. For more information on how to get $MNT, please visit here.

Once completed, a confirmation pop-up will indicate your deposit was successful, officially marking the start of your Season 2: Methamorphosis journey as you begin building your Powder stack.

Withdrawing From Treehouse

Users have the flexibility to withdraw at any time, allowing them to earn Powder on their own terms. To withdraw, navigate to the "Withdraw" tab in the left-hand menu, select "Withdraw" from the $cmETH Vault, enter the amount of $cmETH you wish to withdraw, and approve the associated transactions, including paying any transaction fees.

That wraps up our first Season 2: Methamorphosis guide! Now you’re set to start your journey, earn Powder, and benefit from staking yields and yields from multiple restaking protocols through risk-adjusted vault strategies. Users will see their Powder rewards from $mETH holdings on their dashboard upon the first indexing, while rewards from $cmETH holdings and the interface for restaking protocol rewards will be available at a later date.

Stay updated on everything related to Season 2: Methamorphosis and the mETH Protocol by following us @mETHProtocol on X/Twitter. For more insights into Treehouse, follow @TreehouseFi!