11/28 Solv Protocol, the BTC staking income platform, issued a tweet suggesting that TGE will soon release $SOLV tokens. The token is about to be released but have you not participated yet? Let’s see how to earn 140 times the Solv airdrop points quickly through Tranchess!
First we need to understand how Tranchess’ SolvBTC.BBN fund works:
The fund currently belongs to the BNB chain, saving everyone the cost of gas fee operations.
The fund is divided into three tokens, which can be understood as sbbbnQUEEN of the parent fund and staYSBBBN and turPSBBBN of the sub-funds.
sbbbnQUEEN
SolvBTC.BBN can be exchanged for sbbbnQUEEN at a ratio of 1:1. As a parent fund of sbbbnQUEEN, each sbbbnQUEEN can be further split into 0.9 staYSBBBN + 0.1 turPSBBBN for sub-funds.
*sbbbnQUEEN itself will not receive Solv airdrop points and needs to be further split into sub-funds to accumulate points.
staYSBBBN
staYSBBBN itself is a sub-fund that provides fixed income (12%). This part of the income is provided by turPSBBBN. In exchange, staYSBBBN will provide the airdrop points obtained to turPSBBBN.
*staYSBBBN will not receive Solv airdrop points
tripPSBBBN
Through leverage and the bonus provided by the Solv protocol, turPSBBBN can currently obtain 140 times the airdrop points rate, but at the same time it needs to pay StaYSBBBN fixed interest rate income.
Apply strategy
Method 1: Exchange SolvBTC.BBN into sbbbnQUEEN and split it.
This method can maintain a lossless state to obtain airdrop points. When the fund expires, it can be exchanged back to the original asset SolvBTC.BBN at a 1:1 ratio.
Method 2: Based on personal risk preferences and strategies, exchange sub-funds staYSBBBN and turPSBBBN through the AMM pool
There is a "Swap" page under the "Turble&Stable" function of Tranchess, which provides an AMM pool for direct exchange of sub-funds. Users can redeem specific sub-funds according to their own needs. For example, those who prefer fixed income should mainly hold staYSBBBN, and those who prefer to increase the rate of obtaining airdrop points should mainly hold turPSBBBN.
*It should be noted that the fair value of the two sub-fund tokens will change. When the fund expires, staYSBBBN will be approximately equal to 1.03 SolvBTC.BBN and turPSBBBN will be approximately equal to 0.724 SolvBTC.BBN.
Summarize
Through Tranchess's graded fund products, airdrop hunters can effectively amplify the rate of airdrop point acquisition. In fact, this model is somewhat similar to Pendle's PT and YT concepts. The biggest difference should be that YT will return to zero when it expires, while Tranchess' Turble product still retains a certain value (after deducting the fixed income cost paid to Stable).
What needs special attention is that the current SolvBTC.BBN fund of Tranchess will expire on 12/7, but don’t worry, the proposal for the new SolvBTC.BBN fund will be approved on 12/2, and you can continue to participate after the official deployment of the function is completed. SolvBTC.BBN fund earns Solv points!
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※Partners who need an invitation code to participate in Solv Protocol are welcome to use my Code: "9F33MX"
※None of the above content constitutes investment advice. Users are advised to operate according to their own risk tolerance. DYOR participates in the investment market with caution.
※The attached picture is taken from Tranchess documents and Solv Protocol community
