If you haven’t tested the new features on V3 yet, now is the time as the exciting Tranchess Staked ETH Blitz is here! Join this 3-month campaign and share the 2,000,000 CHESS rewards with other V3 token holders! Follow the user guide and participate now, or learn more with the quick summary below.
The Blitz starts today (Feb. 22) and concludes on May 30, distributing 2,000,000 CHESS rewards to any users with V3 tokens in their wallets. The V3 tokens include staYETH, turYETH, wstQUEEN, and staYETH-wstETH LP token.
Note: this is not a direct airdrop. Make sure to check out the Blitz program page and claim your CHESS rewards before May 30! All unclaimed rewards will be sent back to the treasury.
All V3 tokens mentioned above can be created directly with stETH/wstETH. Choose the token that suits your need the most:
staYETH: Earn a fixed 3.5% APR for your staked ETH token without worrying about the fluctuation of staking APR. No lock-up period.
turYETH: Long the ETH staking APR with a leveraged position! If you believe the staking APR for ETH will rise in the following months, turYETH is the token for you. No lock-up period.
staYETH-wstETH LP: Besides the Blitz rewards, LPs receive trading fees, weekly CHESS emission split determined by governance voting, and proportional staYETH fixed APR earnings. If you want to maximize your earnings for staked ETH tokens and don’t mind taking the calculated risk as an LP, providing liquidity to the staYETH-wstETH AMM pool is the ultimate answer.
Besides the 2,000,000 CHESS rewards, participants of the Blitz can also expect additional incentive(s) from the Ethereum ecosystem during the program period! More details to be revealed in the coming weeks!
If you want to get the most out of the Blitz, act fast and act early! While the weekly reward amount is fixed, daily snapshots are taken, and earlier participants receive more rewards. Holding your V3 tokens for longer within the week translates to higher weekly reward earnings.
For the newcomers, we have also prepared a Galxe campaign alongside the Blitz to guide you through the V3 features. Collect up to 145 points by completing the Galxe online quests!
Check out the campaign page for the detailed weekly reward schedule, follow the steps in the user guide, and let the Blitz begin!
