The Tranchess project seeks to offer an alternative risk\/return matrix from a single main fund that tracks a certain underlying asset. The word “Tranche” in French, which is frequently connected with tranche funds that cater to various investor classes with different risk appetites, as well as the game of chess, served as the inspiration for the name Tranchess.<\/p>\n\n\n\n
The 24th of June 2021 saw the launch of Tranchess, which has since offered its users yield improvement solutions with a variety of risk-return options. We’ve compiled thorough historical data on the project’s price action and fundamentals in this guide, as well as a detailed CHESS price prediction for the foreseeable future by highlighting the anticipated minimum price value, average trading price, and maximum price value of CHESS cryptocurrency in the future.<\/p>\n\n\n\n
When it comes to the future of CHESS price, what does the data say? In this guide, we take a deep dive into the historical price action and fundamentals of CHESS cryptocurrency, as well as provide a detailed price forecast for the coming years. Keep reading to find out more!<\/p>\n\n\n\n
Tranchess is a yield-enhancing asset tracker protocol with varied risk-return solutions. It is a decentralized protocol that allows users to track their assets and portfolios in real-time. The aim of the protocol is to help users manage their assets and portfolios more efficiently. The protocol is based on blockchain technology and utilizes smart contracts to automate the process of asset tracking.<\/p>\n\n\n\n
The protocol provides a number of advantages to users, including transparency, security, and efficiency. The protocol is designed to work with a variety of assets, including cryptocurrencies, commodities, and fiat currencies. The protocol is also compatible with a number of exchanges and wallets.<\/p>\n\n\n\n
Investors today have a wider variety of options when it comes to yield-enhancing strategies. Among these options is tranchess, a protocol that offers a different risk\/return matrix out of a single main fund. So, what is tranchess and how does it work?<\/p>\n\n\n\n
Tranchess is a yield-enhancing asset tracker protocol that offers a variety of risk-return solutions. The protocol is inspired by tranche funds, which are funds that offer different levels of risk and return. Tranche funds are able to satisfy the varying risk appetites of investors by offering a variety of options within a single fund.<\/p>\n\n\n\n
The QUEEN, BISHOP, ROOK, and CHESS coins make up the ecosystem of Tranchess.<\/p>\n\n\n\n
QUEEN works by allowing investors to deposit their BTCB, ETH, or BNB into the Primary Market of Tranchess. Once the deposit is made, the investor will receive QUEEN tokens that represent their underlying assets. These tokens can be redeemed at any time for the underlying assets. <\/p>\n\n\n\n
The value of QUEEN tokens is pegged to the underlying assets and fluctuates with the price of the underlying assets. However, the QUEEN tokens also accrue an additional yield that is paid out in the form of the underlying assets. <\/p>\n\n\n\n
For example, if an investor has 1 BTCB deposited into the QUEEN fund, they will receive 1 QUEEN token. If the BTCB price increases by 10%, the value of their QUEEN token will also increase by 10%. In addition, the investor will also receive an additional 2% to 16% yield on their BTCB, paid out in BTCB.<\/p>\n\n\n\n
BISHOP tokens offer investors higher yields on their stablecoin investments, with APYs currently ranging from 7% to 22%. The ROOK, on the other hand, is designed for investors who want to receive a steadier return on their investment, with an APY that is generally lower than that of the BISHOP.<\/p>\n\n\n\n
BISHOP is created by splitting QUEEN in the Primary Market of Tranchess. Every QUEEN token can be split evenly into 0.5 BISHOP and 0.5 ROOK.<\/p>\n\n\n\n
ROOK is designed for aggressive investors who want to take a leveraged position on a certain crypto asset. ROOK protects investors from forced liquidation and earns an additional yield of between 1.5% to 10% on top of the 1.7~2.2 times leveraged position.<\/p>\n\n\n\n
With ROOK, you can take a leveraged position without having to worry about being forced to sell your assets at a loss. And on top of that, you can earn an additional yield of 1.5% to 10%!<\/p>\n\n\n\n
Users begin farming CHESS, the Tranchess governance and utility token, after staking their CHESS:<\/strong> QUEEN, BISHOP, or ROOK tokens on the platform. CHESS is also available on Pancake Swap and Binance<\/a>.<\/p>\n\n\n\n When it comes to security, the Tranchess Protocol is about as good as it gets. The smart contracts that make up the Tranchess Protocol do not rely on price feeds from other smart contracts, which means they are highly resistant to price manipulation, such as flash loan attacks.<\/p>\n\n\n\n The Tranchess price oracle uses a 30-minute time-weighted average price (TWAP) instead of discrete oracle prices. This minimizes the possibility of oracle manipulation attacks. The Tranchess oracle extends the Open Oracle standard by Compound, accepts signed price data from two separate sources (Coinbase<\/a> and OKEX), and computes the TWAP in every 30-minute epoch.<\/p>\n\n\n\n Additional security methods include multi-signature settings, a bug bounty program (Immunefi), many iterations of code audits by recognized teams (Peckshield & Certik), and others. All of these measures come together to create a Protocol that is incredibly secure and resistant to any type of attack.<\/p>\n\n\n\n Tranchess is currently worth $<\/b>0.000068<\/span><\/span><\/span><\/strong> USD. CHESS has moved 0.60%<\/span><\/span><\/strong> in the last 24 hours with a trading volume of Security<\/h2>\n\n\n\n
Tranchess (CHESS) Current Price<\/h2>\n\n\n\n