what's theo?
Theo is a full-stack platform connecting onchain capital to global financial markets through decentralized trading infrastructure. It features a low-latency settlement network that executes trades across major crypto venues while managing margin requirements autonomously. Theo partners with institutions like Standard Chartered's Libeara to launch products such as thBILL, an institutional-grade onchain money market fund tokenized on blockchains like Arbitrum. The platform aims to democratize access to institutional-grade trading tools, including tokenized real-world assets like treasuries and gold. Recently, Theo raised $20 million in funding to expand its ecosystem and has introduced points systems and leaderboards to engage users.
Theo integrates Stable/Euler, thBILL achieves 51% DRiP USD asset dominance, with $201.6M supply.
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Mentioned as an example platform for earning yield by minting commodities in a thread about earning opportunities in crypto markets.
thBILL has a market cap of $238.51 million with 26.4% of supply deployed in DeFi protocols.
New integrations announced with Stable and Euler Finance protocols, while thBILL achieves 51.14% dominance in overall USD assets on DRiP.
thBILL total supply stands at $201.6M with Arbitrum holding $103.1M (>50%), cumulative trading volume at $700.8M, and liquidity on Morpho at $50.6M and Pendle at $32.5M.
Stable selects LayerZero as canonical interoperability provider for major asset expansion featuring Theo Network alongside USDT, Frax Finance, and EtherFi.
Stable and Theo Network deploy $100M+ into ULTRA, a tokenized AAA-rated treasury fund where thBILL provides exposure, Libeara handles tokenization, and Stable's chain runs infrastructure.
thBill TVL grows 31% month-to-date and Theo Network achieves Top 10 ranking by TVL among U.S. Treasury tokenization protocols.
Theo listed among projects yet to have Token Generation Event (TGE) in 2026.
Theo listed among the fastest growing tokenized assets on Ethereum in the tokenized funds category alongside WisdomTree and Superstate.
PT-thBILL goes live on Euler Finance with collateralization options to borrow USDC, USD₮0, or thBILL, offering ROE of 36.03% for PT-thBILL/thBILL pairs and 26.43% for PT-thBILL/USDC pairs with pool liquidity above $1M USD.
PT-thBILL goes live on Euler Finance as collateral for borrowing USDC, USD₮0, or thBILL with ROE levels at 36.03% (PT-thBILL/thBILL) and 26.43% (PT-thBILL/USDC). Liquidity pools exceed $1M USD for each main pool.
thBILL loops on Euler Finance offer airdrop farming opportunities for users.
TVL stands at $230m as mentioned in analysis of tokenized T-Bills growth.
New lending markets for thBILL launch on Euler Finance, providing additional yield opportunities.
Multiple users experience technical issues with deposit UI not updating and points not being distributed from liquidity pools, with no response from team or moderators for several days despite tickets and tags.
thBILL trades below its Net Asset Value with redemption at NAV restricted to institutions only, an issue that has persisted for several weeks.
User reports only $1 profit on $1000 investment after 14 days using 4x PT looping strategy on thBILL despite 18% APY advertised, with gas fees and thBILL to USDC conversion costs making the strategy unprofitable in practice.
Pendle relaunches thBILL pool on Arbitrum with February 19th maturity date.
thBILL integrates with Pendle for PT-thBILL fixed yield products with ARB incentives, Morpho for lending markets, and Hyperliquid for thBILL perpetual trading. Base yield from underlying T-bills stands at 4.3% with leveraged strategies reaching 12-18% APY through multi-protocol loops.
Multiple yield farming opportunities available: 4.3% base yield on thBILL holdings, 1.5x point multiplier on Uniswap thBILL/USDC LP, PT-thBILL on Pendle with ARB incentives, and leveraged strategies on Morpho/Hyperliquid yielding 12-18% APY toward upcoming $THEO TGE.
thBILL holds $184.1M in total asset value with 287 active holders, showing 50.8% TAV growth and 28.7% holder growth over the past 30 days. Monthly transfer volumes exceed $247M.
TVL grows to $321M past all-time highs. The project announces introduction of perpetuals for real world assets as a new product expansion.
thBILL is backed by Standard Chartered Bank and Wellington Management, which manages over $1 trillion in assets under management.
Kaito LB reward pools allocate 0.05% of $THEO supply with 100 point minimum eligibility requirement. Uniswap USDC-THBILL LP offers 1.5x points multiplier for participants.
New partnership with Stable and ConcreteXYZ brings $75M pre-deposit allocation for $thBILL tokens ahead of Stable mainnet launch.
Reward distribution occurs through infofi platform, described as symbolic with more rewards coming. PT-thBill loop on Euler matures on November 27th, requiring users to exit positions to avoid borrowing costs.
Deploys $311M capital, growing from $8M in under 6 months. Tokenizes T-Bills and gold as real-world assets, with THGold and thBILL as offerings.
Analyst includes Theo Network in list of projects with potential token generation events before 2026, categorized under RWA infrastructure.
A liquidity pool on Equilibria offers 25% boosted Pendle APY and distributes Theo protocol points to LPs alongside rewards from Ethena, Cap Labs, Almanak, USDai, and Lighter.
TVL grows to $225M for $TBILL fund and $230M for $USDO stablecoin. S&P assigns "AA+" rating to $TBILL fund (adding to existing Moody's "A" rating), and Binance accepts $cUSDO as off-exchange collateral.
Theo Network raised $20M in funding led by Hack VC and Anthos Capital.
thBILL arbitrage opportunity closes as token approaches peg after 20-day period.
TVL reaches $167.22M across four networks with $137.09M concentrated in DRiP (23% of DRiP's total USD assets), though thBILL drops from 2nd to 3rd ranking among supplied assets across protocols.
thBILL trades below NAV at 1.01 USD per thBILL, creating arbitrage opportunities with HyperEVM offering the best rates for PT looping and Stargate bridge enabling cross-chain strategies to Arbitrum.
thBILL achieves 150M TVL milestone while running a Kaito awareness campaign alongside Arbitrum's DRIP program, and thGLD (tokenized gold product) starts gaining traction.
A leverage looping strategy using Pendle Finance and Euler Finance targets up to 100% ROE on thBILL through PT-thBILL pools expiring November 27, 2025, with specific strategy pairs including PT-thBILL/thBILL and PT-thBILL/USDC.
50k thBILL distributes monthly among the top 100 content creators. thBILL/HYPE pool on prjx_hl earns 600%+ APR from fees plus dual rewards (Theo points and prjx points).
thBILL ranks as one of the fastest growing RWAs based on 30-day TVL growth percentage in a list that includes major institutional products from Tether, PayPal, Ripple, and Fidelity.
thBILL ranks as a top performing asset in Arbitrum's DRIP program, with Fluid and Silo Finance joining Morpho Labs and Euler Finance as top performing protocols.
CIO at Theo Network states the regulatory environment has "done a full 180" with lawsuits getting dropped, and technical hurdles for institutional adoption are overcome with 2/3 of trillion-dollar institutions having crypto teams in place for several years.
Arbitrum DRiP program total market size reaches $3.37b (up $800m), USD pool grows from $550m to $1.24b by October 29, and progresses to Epoch 5 with thBILL participation.
PT-thBILL at 16.39% fixed APY serves as collateral on Euler Finance to borrow USDC at 5.99% APY, creating a non-recursive loop strategy with 109.99% APY (~8.7% ROI in 29 days).
Theo integrates with Hyperbeat's automated yield strategy vault ($129.76M TVL) alongside Hyperliquid, Hyperlend, Felix, and Pendle protocols on HyperLiquid EVM.
Qualification for thBULL takeover (0.05% of supply) requires 100 Theo points, with new farming opportunities on prjx_hl and ultrasolid_hl. Morpho Labs participates as a protocol in the Arbitrum DRIP program for thBILL/USDC deposits.
Euler protocol supports Arbitrum PT loop strategies with November 27th as the unwinding deadline. Uniswap USDC/thbill LP earns 1.5x points multiplier.
thBILL achieves over 17% boosted APY on Pendle through Equilibria's 250% vePENDLE boost (from 15% base). Positions earn 1x Theo Network Points as additional rewards.
thBILL powers DeFi integrations across Uniswap, Pendle, and HypurrFi for lending markets, DEX liquidity, and yield aggregation.
thBILL offers 10%+ APY for holders. Bitget Wallet integration increases user participation.
Kaito platform announces a leaderboard listing for the project. The thBILL TVL surge relates to Arbitrum DRIP program integration.
Tweet references an upcoming "drop day" anticipated for the project, with speculation about taking first place in mind share rankings on that day. (Tweet ID: 1977981107397157270)
TVL grows to approximately $110mn from sub $20mn levels.
Deploys thBILL tokenized treasury product on Arbitrum as part of building infrastructure layer for tokenized treasuries.
Treasury tokens lead RWA segment growth since 2023, showing increased market demand for tokenized low-risk yield assets.
New institutional-grade custody support established in partnership with OpenEden_X for secure token storage.
First RWA token to receive Moody's investment-grade rating, with $170M TVL and institutional custody of underlying Treasury Bills through regulated financial institutions.
TVL reaches new ATH of $175M with six new DeFi platform integrations.
First successful U.S. Treasury Bill tokenization platform launches, targeting $6T market with minimal current crypto RWA presence.
New points campaign launches with up to 10x multipliers for yield tokens, supported by $15M+ in recent institutional funding from Ripple and Binance Labs.