Tranchess
CHS
Tranchess (CHS) Feed: Events, News & Roadmap
Tranchess to Host Community Call on January 11th
Tranchess will host a community call on January 11th at 12 pm UTC. The discussion will revolve around Tranchess v.3.0, LSDFi, and other related topics…
Tranchess to Participate in Token2049 in Singapore
Tranchess is set to participate in the Token2049 conference in Singapore on September 13th-14th. The conference will focus on discussions around Web3,…
CHESS Emissions Distribution
All CHESS emissions for this week will be distributed next week
Community Call
Join to community call
AMA on Telegram
Join to an AMA on Telegram
Listing on Bitget
CHS will be listed on Bitget
AMA on Twitter
Join to an AMA on Twitter
AMA on Telegram
Join to an AMA on Telegram
AMA on Binance Telegram
Join to an AMA on Binance Chinese Telegram
AMA on Binance Telegram
Tranchess will be live tomorrow with Binance discussing their launch on Ethereum and their Liquid Staking Product - qETH
AMA on Discord
AMA will be held on Discord
Community Call
TownHall V "ETH, Liquid Staking and More!" Thursday, 13 October 12 PM UTC
AMA on Binance Telegram
Delisting From Poloniex
AMA on Binance
AMA on Telegram
Tranchess v.2.0
Community Call
Product Launch
NFT Ecosystem Launch
Tranchess Events on the Chart
What is Tranchess?
Tranchess is an asset management and derivatives trading protocol that consists of three tokens (QUEEN, BISHOP and ROOK) and a governance token CHESS. The project is a set of blockchain investment products designed to optimize investment in Bitcoin.
Based on the tranche principle, Tranchess allows investors to choose between different levels of risk and return, allowing them to tailor their investment strategy to their risk preferences. Tranchess offers several tranches, each of which has its own characteristics in relation to changes in the price of bitcoin. Within the system, various tranches are presented, each of which reacts to fluctuations in the price of bitcoin in a certain way.
QUEEN is an index token that tracks BTC price fluctuations. To receive QUEEN, users can pledge BTCB as an underlying asset.
BISHOP is a yield token pegged to USDC. Its feature is a variable interest rate, which is adjusted weekly. The USDC interest rate is determined based on data from the Venus platform, after which a surcharge approved by the community vote is added to it. The amount received becomes the BISHOP fixed rate for the following week.
ROOK is a leveraged BTC token that allows its holders to borrow funds from BISHOP holders and thereby increase BTC risk exposure.
Tranchess Governance Token, CHESS, has a number of functionalities: CHESS holders can participate in voting to adjust the weekly interest rate for BISHOP tokens; CHESS holders receive weekly rewards in the form of a share of BTCB commissions (approximately 50% of the total commissions of the Tranchess platform); in addition, by using CHESS for staking, users can increase the rewards of the liquidity mining program.