News

BlockBeats News, June 4th, Treehouse announced that its on-chain reference rate TESR (Treehouse Ethereum Staking Rate) has been integrated with Euler to launch the first fixed-rate borrowing market with an anchored reference rate in DeFi. Users can borrow WETH using tETH or wstETH as collateral, and the borrowing interest rate will be locked in at the start of each monthly period based on the TESR 30-day consensus rate and remain fixed throughout the period, eliminating the uncertainty caused by borrowing rate fluctuations. The initial markets launched include tETH/WETH and wstETH/WETH. The market is overseen by the DeFi treasury management firm KPK, responsible for professional management and risk control to provide institutional-grade security and liquidity. Treehouse stated that this move provides DeFi users with a new option for fixed-rate borrowing, aiming to reduce borrowing cost fluctuation risks and further drive the development of the on-chain interest rate market.

Among them, the average transaction price for N-type G10L monocrystalline silicon wafers is 0.93 yuan/piece; for N-type G12R monocrystalline silicon wafers, it is 1.00 yuan/piece; and for N-type G12 monocrystalline silicon wafers, it is 1.17 yuan/piece. There have been no significant changes in the prices of various types of wafers. According to research, the prices of downstream cells and modules this week remained the same as last week, with mainstream cell prices at 0.31-0.33 yuan/W and mainstream module prices at 0.71-0.75 yuan/W. This week coincides with the SNEC exhibition, so the market is mostly taking a wait-and-see approach, with light trading and wafer prices remaining stable compared to last week. From the perspective of supply and demand: On the supply side, with the arrival of the wet season, the output of raw polysilicon is expected to increase, and wafer companies also plan to ramp up production. On the demand side, terminal demand is weak, and there is little buying enthusiasm in sectors such as cells and modules, with limited market support. Although most wafer companies are inclined to maintain or support prices, due to weak demand and expectations of increased supply and inventory, downstream buyers are strongly inclined to press for lower prices, putting both upstream and downstream in a standoff. According to research, the industry's overall operating rate has slightly increased compared to last week. Among them, the operating rates of two leading companies are 48% and 50% respectively, integrated companies are operating at rates between 52% and 60%, and other companies have operating rates between 52% and 70%.

Barringer pointed out that although the faster-growing chip division at Broadcom has lower profit margins, overall demand remains strong. He stated that this shift will dilute Broadcom's profitability, as the company needs to generate more revenue to achieve the same level of profit. Barringer added that, more broadly, the company's performance is positive, but Broadcom is struggling to meet and surpass the market's high expectations. Broadcom's pre-market share price fell by more than 12%.