The Turbo & Stable family on the BNB Chain is excited to introduce its newest member: slisBNB, the yield-bearing and liquid staking token from Lista DAO. Keep all the goodies slisBNB offers and enjoy an extra layer of yield and points now with the Tranchess turbo and stable combo!
What is Tranchess slisBNB Fund?
Customized for slisBNB points and rewards on the BNB Chain network, Tranchess slisBNB fund comes with four new tokens:
- turPLBNB: Maximized points earnings with 20X
- staYLBNB: Fixed APR of 12% and no points
- slisQUEEN: 1x points
- staYLBNB — slisBNB LP: points, trading fee, CHESS incentives and fixed yield
This fund ends on September 30, 2024. Upon closing, all tokens will be converted back to slisBNB proportionally.
There is no lockup period. Users can swap their tokens back to slisBNB anytime they need to.
Check out the step-by-step user guide as a reference for a first-hand experience now!
Find your dream token combo
turPLBNB: Max points at 20X
Short for “Turbo Point slisBNB,” turPLBNB turbocharges your speed of earning LISTA points. With an innate leverage of 10 and a bonus multiplier of 2 from ListaDAO, turPLBNB earns points at a 20x rate.
turPLBNB gets all the point-shares allocated to staYLBNB, and pays staYLBNB a fixed interest rate as cost.
You can swap turPLBNB back to slisBNB anytime you want or hold it until the fund ends when all turPLBNBs will be converted back to slisBNB.
staYLBNB: Fixed yield of 12%
Short for “Stable Yield slisBNB,” staYLBNB earns a fixed interest of 12% and no points. If you are looking for a fixed yield to accompany your slisBNB staking reward, this is the one for you.
Don’t confuse the fixed APR with the staking yield. The staking yield paid to slisBNB holders is separate from the fixed yield and will not be affected.
You can swap staYLBNB back to slisBNB anytime or hold it until the fund ends, when all staYLBNBs will be converted back to slisBNB.
staYLBNB-slisBNB LP: Points, yield, CHESS incentives and trading fees
staYLBNB-slisBNB LP holders collect a basket of yield including four parts:
- CHESS rewards: Weekly CHESS incentives
- Trading fee: 0.05%
- Interest: Partial interest from staYLBNB. For example, if one LP token consists of 0.6 staYLBNB and 0.4 slisBNB, the LP token would earn 0.6* 12% = 7.2% interest.
- slisBNB multiplier: Each slisBNB in LP receives a 2x multiplier of LISTA points. The calculation will be based on the amount of slisBNB you have provided in the pool.
slisQUEEN: The magic of the Tranchess structure
1 slisBNB = 1 slisQUEEN. One slisQUEEN can be split into 0.1 turPLBNB and 0.9 staYLBNB, and vice versa. Users receive the same LISTA points holding slisQUEEN as they do with slisBNB.
However, if you split slisQUEEN into turPLBNB and staYLBNB and hold both tokens (no further actions needed), because of the leverage and boost for turPLBNB, you would immediately double your overall point multiplier into 2x.
You can always merge turPLBNB and staYLBNB back into slisQUEEN and redeem it back into slisBNB. There is no lockup period, no creation/redemption fee, and no split/merge fee.
Can’t wait to explore how Tranchess helps enhance your points and yield earnings? Check out the slisBNB fund now and follow this step-by-step guide to lock in your rewards.
We continue to BUIDL together with our Troopers and our partners. Stay tuned for plenty of exciting announcements and information coming your way in the next few days!
