Tranchess (CHESS)

What is Tranchess?

Tranchess is a yield enhancing asset tracker with varied risk-return solutions. Tranchess provides a different risk/return matrix out of a single main fund that tracks a specific underlying asset. The name Tranchess was inspired by the game of chess, as well as the French word “Tranche”, which is often associated with tranche funds that caters to different class of investors with varying risk appetite. Tranchess was launched on 24th June 2021.

Oustanding Feautures

What is the project trying to achieve?

The main fund, aka token Queen, tracks a specific underlying asset and can be split equally into 2 sub funds. We have purposefully chosen BTC as the first crypto asset to track. Meanwhile, it also shares many of the popular DeFi features such as: single-asset yield farming, borrowing & lending, trading, etc.

Tranchess provides:

• Enhanced yield returns without incurring impermanent losses
• Leveraged positions at low cost and no forced liquidation
• Zero Lock-in Period for Queen holders
• Prevention of Oracle Attacks using TWAP (Time Weighted Average Price) 

• Built by an experienced team of bitcoin developers who founded Bitcoin Cash, eCash is a fork of bitcoin with a more aggressive technical roadmap.
• Guided by the academic vision of Milton Friedman, eCash aims to deliver on key blockchain scaling promises. An innovative Avalanche consensus layer and its own token layer are unique technical highlights of eCash. eCash also aims to introduce features never before seen in a Bitcoin project such as staking, fork-free network upgrades, and subchains.
• eCash combines the core tech behind Bitcoin’s success - the same fixed supply, halving schedule, and genesis block - with the latest Proof of Stake consensus & protocol governance.‍
• The eCash network has protocol upgrades twice a year on November 15th and May 15th. These upgrades are required for all node operators.

What is the unique selling point?

The project leverages on smart contracts that makes it transparent and automated across processes. The protocol allows users to have enhanced earning while tracking BTC, earns extra interests by lending out their tokens, or enjoying leverage with no forced liquidation. Users also get a share of platform earnings as part of their staking returns. Tranchess ecosystem allows gain from both NAV and yield perspectives. 

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