BTC

$99090.041

2.12%

ETH

$3376.433

7.69%

BNB

$628.67

2.80%

XRP

$1.372

21.97%

DeFi

Asset Management Protocol Tranchess Live On Ethereum

November 28, 2022 - Around 1 mins mins to read
Asset management protocol based on the BNB chain, Tranchess stated that it is now operational on Ethereum and has released its Ethereum liquid staking solution qETH.
Asset Management Protocol Tranchess Live On Ethereum

Users can deposit ETH in order to obtain qETH and earn dividends. On Balancer, there will be a qETH-ETH liquidity pool.

Meanwhile, the asset management protocol has joined forces with Multichain to enable users to bridge CHESS and veCHESS between Ethereum and the BNB Chain.

Asset Management Protocol Tranchess Live On Ethereum

CHESS, the native token of the protocol, and veCHESS, the governance token of the protocol, which allows users to gain rebates and vote on proposals. Using your veCHESS on Ethereum, vote for the qETH-ETH LP Pool under the “Governance” tab on the Tranchess main page. This will boost the earnings of the qETH-ETH LP Pool via bribes.

The project has more functionalities to come, such as ROOK/BISHOP tranches.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

CHESS

ETH

qETH

Tranchess

veCHESS

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
DeFi

Asset Management Protocol Tranchess Live On Ethereum

Asset management protocol based on the BNB chain, Tranchess stated that it is now operational on Ethereum and has released its Ethereum liquid staking solution qETH.
Asset Management Protocol Tranchess Live On Ethereum

Users can deposit ETH in order to obtain qETH and earn dividends. On Balancer, there will be a qETH-ETH liquidity pool.

Meanwhile, the asset management protocol has joined forces with Multichain to enable users to bridge CHESS and veCHESS between Ethereum and the BNB Chain.

Asset Management Protocol Tranchess Live On Ethereum

CHESS, the native token of the protocol, and veCHESS, the governance token of the protocol, which allows users to gain rebates and vote on proposals. Using your veCHESS on Ethereum, vote for the qETH-ETH LP Pool under the “Governance” tab on the Tranchess main page. This will boost the earnings of the qETH-ETH LP Pool via bribes.

The project has more functionalities to come, such as ROOK/BISHOP tranches.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News