If you're keeping an eye on the DeFi space, you've probably heard the buzz around real-world assets (RWAs) making their way onchain. The latest news comes from DefiLlama, the go-to platform for tracking DeFi metrics, which just announced they're now monitoring Theo Network's thBill on both Ethereum and Arbitrum. With a Total Value Locked (TVL) already hitting $89.63 million, this is a big step for tokenized Treasuries in the blockchain world.

What is thBill and Why Does It Matter?

thBill is essentially a basket of tokenized U.S. Treasury bills, sourced from regulated issuers like FundBridge. Think of it as a way to bring traditional finance's stability into DeFi. It's yield-bearing, meaning you earn interest just like with real T-bills, but it's fully onchain and composable with other DeFi tools. This makes it a "stable core asset" in the Theo ecosystem, perfect for users looking for low-risk yields without leaving the blockchain.

In simpler terms, if you're tired of the volatility in meme tokens or other crypto assets, thBill offers a crypto-native path to risk-free returns backed by U.S. government securities. It's designed for both individual investors and protocols, allowing seamless integration into strategies like delta-neutral trading or stablecoin rails.

The Significance of DefiLlama's Tracking

DefiLlama adding thBill to their dashboard (check it out here) is a nod to its growing importance in the RWA sector. DefiLlama is known for its transparent and accurate DeFi analytics, so this inclusion means thBill's metrics—like TVL, yields, and chain-specific data—are now easily accessible to everyone. As of the announcement, the TVL stands at an impressive $89.63 million across Ethereum and Arbitrum, showing strong early adoption since its launch in July 2025.

This tracking not only boosts visibility but also builds trust. For blockchain practitioners, it means better insights into how thBill performs compared to other RWAs, helping you make informed decisions in your DeFi plays.

Getting Involved: Farming Points for Potential Rewards

One of the exciting parts about Theo Network is their points farming program, which could lead to an airdrop down the line. If you're into meme token hunting or airdrop farming, this is a solid opportunity to earn while holding a stable asset.

Here's how to get started with Season 2 of point farming:

• Head to the Theo app and connect your wallet.
• Buy thBILL tokens on your preferred network—it's available on Ethereum, Arbitrum, Base, and HyperEVM. For example, swap on Uniswap if you're on Arbitrum.
• Hold thBILL to start accruing points automatically.
• Boost your earnings by adding liquidity to thBILL pools on platforms like Uniswap, Project X, or Hypercore.
• Invite friends via your referral link for extra points (deposits over $1,000 qualify for invites).
• Track your progress in the dashboard—points are distributed every Friday.

Additionally, join Theo's Guild and complete tasks to earn roles in their Discord, which might tie into future rewards.

Note that Season 1 is closed, so if you participated, make sure to withdraw any funds from the old page.

Why This Appeals to Meme Token Enthusiasts

While thBill isn't a meme token itself, its low-risk yield and potential airdrop make it a smart side play for those in the volatile meme world. Imagine parking your gains from the latest pump in something stable that still earns you points toward free tokens. Plus, as RWAs grow, they could become the backbone for more innovative meme-DeFi hybrids. Keep an eye on Theo—rumors of an airdrop (date TBA) have the community buzzing.

If you're diving into DeFi or looking to diversify beyond memes, thBill is worth exploring. Stay tuned to Meme Insider for more updates on blockchain tech and token trends!