Top Cryptocurrencies Ranked by Market Cap: Real-Time Update and Insights
Tranchess Price Chart Update [CHESS]
Tranchess Price Update Today
About Tranchess
Introduction to Tranchess
Tranchess is a unique asset tracker designed to optimize yield and offer a range of risk-return solutions. The platform provides a risk/return matrix through a single main fund that tracks a specific underlying asset. The name "Tranchess" draws inspiration from the strategic game of chess and the French word "Tranche," which is commonly associated with tranche funds catering to different classes of investors with varying risk appetites. Tranchess was officially launched on June 24, 2021.
Key Features of Tranchess
Project Objectives
The main fund, known as token Queen, tracks a specific underlying asset and can be divided into 2 sub-funds. BTC has been selected as the initial crypto asset to track. Apart from this, Tranchess offers popular DeFi features such as single-asset yield farming, borrowing & lending, and trading.
Tranchess provides the following features:
- 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.
Distinctiveness of Tranchess
Tranchess sets itself apart by utilizing smart contracts to ensure transparency and automation across its processes. The protocol allows users to maximize their earnings while tracking BTC, earn additional interest by lending out their tokens, or leverage their positions without the risk of forced liquidation. Users also receive a portion of platform earnings as part of their staking returns. The Tranchess ecosystem presents opportunities for gains from both NAV (Net Asset Value) and yield perspectives.
:
# | Exchange | Pair | Price | Volume | Mkt Share | Recommend | |
---|---|---|---|---|---|---|---|
1 | BitMart | CHESS/USDT | $0.1688 | $87,218 | 4.17% | ||
2 | Uniswap v2 (BSC) | CHESS/USDC | $0.1677 | $33,348 | 1.6% | ||
3 | PancakeSwap v2 (BSC) | CHESS/USDC | $0.1677 | $32,725 | 1.57% | ||
4 | Gate.io | CHESS/USDT | $0.1682 | $22,475 | 1.08% | ||
5 | Uniswap v3 (Ethereum) | CHESS/WETH | $0.1671 | $1,966 | 0.09% | ||
6 | PancakeSwap v3 (BSC) | CHESS/USDT | $0.1654 | $42 | 0% | ||
7 | Uniswap v2 (BSC) | CHESS/WBNB | $0.1671 | $15 | 0% | ||
8 | LBank | CHESS/USDT | $0.1681 | $1,710,903 | 81.84% | ||
9 | Bitrue | CHESS/USDT | $0.1685 | $180,413 | 8.63% | ||
10 | LATOKEN | CHESS/USDT | $0.1683 | $12,844 | 0.61% | ||
11 | Bibox | CHESS/USDT | $0.1683 | $8,697 | 0.42% |