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.

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.

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.

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