Introducing Tranchess

A Yield Enhancing Asset Tracker with Varied Risk-Return Solutions
  • Creation/Redemption: Creation takes place when a user exchanges BTC for QUEEN at the NAV price. And vice versa, redemption takes place when a user exchanges QUEEN for BTC. Creation and Redemption requests can be submitted anytime and will be processed at a single pre-determined time daily.
  • Token Splitting and Burning:In order to start earning additional yield/leverage, investors can choose to split one (1) token QUEEN into half (0.5) token BISHOP and half (0.5) token ROOK. In this case, BISHOP and ROOK are minted while QUEEN is burned. On the reverse, investors can combine equal number of token BISHOP and token ROOK together and merge them into token QUEEN. Under this scenario, BISHOP and ROOK are burned and QUEEN is minted. Split and Merge requests can be submitted anytime and processed instantaneously.
  • Single-asset (BTC) Farming;
  • Daily creation and redemption;
  • No prolonged price deviation away from NAV.
  • Single-asset (USDC) farming;
  • No impermanent loss;
  • Earn extra yield from ROOK.
  • No forced liquidation;
  • Maximum capital efficiency;
  • Yield farming eligibility

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A Yield Enhancing Asset Tracker with Varied Risk-Return Solutions

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Tranchess

Tranchess

A Yield Enhancing Asset Tracker with Varied Risk-Return Solutions

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