Tranchess is an asset management platform based on blockchain technology, which aims to provide high-yield asset management and tracking services for cryptocurrency investors. Its uniqueness lies in meeting the needs of investors with different risk tolerances through risk grading, while simplifying the process of crypto asset management.
The project provides three tiered products: QUEEN Token: a token representing the underlying asset (such as Bitcoin), and the holder can obtain the income of the underlying asset. BISHOP Token: a token that provides fixed income and is suitable for investors with lower risk appetite.
ROOK Token: A token that provides leveraged returns, suitable for investors who want high returns and can bear high risks. There are currently two directions worth participating in: Get veCHESS through CHESS staking and reap multiple rewards. Platform income dividends: 50% of the platform income is distributed to all veCHESS users every week.
Governance voting: -Governance voting: All new Turbo & Stable projects need to vote on veCHESS. (In addition, veCHESS's weekly governance voting will determine the proportion of CHESS Emission given to each LP pool in the next week) Fund handling fee income: veCHESS users will receive the fund's handling fee income in proportion.
Fund Points Income: 3% of the points income of the four funds Turbo & Stable will be 100% returned to veCHESS holders. For example, Scrollâs STONE is currently very popular. veCHESS users on Scroll can obtain 100% of the points income of STONE and weETH on Scroll.
In addition, there are points and potential airdrop opportunities for 4 projects including Stone, Ether .fi, Solv Protocol, and ListaDao. Points income is undoubtedly the most noteworthy. At present, STONE and Solv Protocol are very popular. The gameplay of killing several birds with one stone really wins my heart. In addition, CHESS is launched on Binance, and its current market value is also low. With a TVL of 182 million, the market value of#CHESSis only 26 million US dollars. It is safer to buy it for staking and locking! Turbo & Stable gameplay is worth a try.
At present, the Turbo & Stable Fund of Transess has launched relevant funds on Ethereum, BNB Chain and Scroll networks, and has attracted more than 250 million US dollars. Recently, with the popularity of BTCFi, especially the popularity of SolvProtocol and babylonlabs_io, Transess is actively promoting the second phase of SolvBTC. The underlying asset is SolvBTC.BBN generated based on the Babylon protocol, which further improves the benefits and convenience of BTC users on BNB Chain. At the same time, the Points multiples and fixed interest rates will increase, and Babylon points can also be obtained. Taking the STONE fund product launched on Scroll as an example, the STONE fund has received more than 190 million US dollars in funds. This is a six-month fund jointly launched by Transess and StakeStone, mainly including stoneQUEEN, turPSTONE, staYSTONE, and staYSTONE-STONE LP.
turPSTONE turPSTONE, short for "Turbo Point STONE," accelerates the rate at which you earn STONE points. With 10x intrinsic leverage and StakeStone's 2x bonus multiplier, turPSTONE will earn STONE-W1 points at a 20x rate. Maximize your point earnings. You can swap turPSTONE back to STONE at any time, or hold it until the end of the fund, at which point all turPSTONE will convert back to STONE. staYSTONE staYSTONE, short for "Stable Yield STONE," earns a fixed interest of 6% with no points. If you're looking for a fixed income to follow your STONE staking rewards, this is the perfect option for you. You can swap staYSTONE back to STONE at any time, or hold it until the end of the fund, at which point all staYSTONE will convert back to STONE.
staYSTONE-STONE LP staYSTONE-STONE LP holders collect a basket of returns consisting of four parts:
âą CHESS Rewards: Weekly CHESS rewards and CHESS emissions. (First week rewards: 100,000 CHESS!)
âą Transaction fee: 0.05%
âą Interest: Partial interest on staYSTONE. For example, if a LP token consists of 0.6 staYSTONE and 0.4 STONE, the LP token will earn 0.6* 6% = 3.6% interest.
âą STONE Multiplier: Each STONE in your LP will receive a 2x multiplier of STONE-W1. The calculation will be based on the number of stones you provided in the pool.
stoneQUEEN 1 STONE = 1 stoneQUEEN. 1 stoneQUEEN can be divided into 0.1 turPSTONE and 0.9 STAYSTONE, and vice versa. Users holding stoneQUEEN will receive the same STONE-W1 points as those holding STONE.
However, if you split StoneQUEEN into turPSTONE and staYSTONE and hold both tokens (no further action required), your overall points multiplier will instantly double to 2x due to turPSTONEâs leverage and boost. You can merge turPSTONE and staYSTONE back into StoneQUEEN and redeem them back to STONE at any time. No lock-in period, no creation/redemption fees, no split/merger fees. Summary: Tranchess is an innovative blockchain asset management platform with broad application prospects. It provides users with efficient, transparent and high-yield asset management services through hierarchical fund strategies and smart contract technology. Its unique product architecture and market applications give it significant competitive advantages and development potential in the DeFi field. Worth a try!
