Tranchess

What is Tranchess?

Tranchess is a decentralized finance (DeFi) protocol that provides innovative asset management solutions. It allows users to align their investment strategies with their risk preferences while tracking major cryptocurrencies like BTC, ETH, and BNB. The platform combines traditional finance principles with blockchain technology, offering a range of tailored financial products.

• Asset management and yield enhancement
• Supports cryptocurrencies like BTC, ETH, and BNB
• Tailored investment strategies for different risk levels

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Recent Video Interview

Main points of the interview:

• A structured asset tracking protocol catering to various risk appetites, offering tokens like Queen, Bishop, and Rook.
• Focus on merging traditional finance and DeFi, with products appealing to both retail and institutional users.
• Binance Smart Chain (BSC) was chosen for its low gas fees, stability, and developer support.
• Upcoming plans include cross-chain expansion and new structured funds, enhancing user returns and liquidity.

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The Ecosystem of Tranchess Tokens

Tranchess revolves around four core tokens, each designed for specific purposes:

• QUEEN: Represents the underlying asset, suitable for long-term investors.
• BISHOP: A stable yield-oriented token for stablecoin investors.
• ROOK: Offers leveraged exposure without liquidation risk, ideal for aggressive investors.
• CHESS: The governance token, empowering users to influence the protocol's development.

Roles and Benefits of CHESS Token

The CHESS token serves as the governance mechanism within Tranchess, allowing holders to:

• Vote on token emission allocation
• Receive a 50% share of the protocol’s weekly income
• Boost earnings and influence reward splits

Tranchess Version 2: What’s New?

Tranchess V2 introduces significant upgrades, including:

• Instant creation and redemption of QUEEN tokens for enhanced liquidity
• Introduction of AMM pools for faster swaps
• Expanded rebate pools to increase user rewards

Why Tranchess Stands Out in DeFi

Tranchess offers unique features that differentiate it in the DeFi space:

• Liquid staking for sustainable returns on ETH and BNB
• Custom risk-return profiles to match diverse investor needs
• No forced liquidation, even with leveraged positions

Other Coins in the Yield Farming Category

• Raydium: a Solana-based AMM utilizing Serum orderbook for competitive swaps.
• Minswap: a Cardano-based DEX offering multi-model liquidity pools for users.
• Gearbox: DeFi protocol enhancing capital efficiency with generalized leverage mechanisms.

Tranchess Price Analysis

As of November 24 2024 Tranchess has a marketcap of $37M. This is {{percentagefromath}} from its all time high of $7.91. In terms of its tokenomics, there's a total supply of 300M with 65% currently outstanding. Keep in mind Tranchess has a fully diluted value of $57M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.