Introducing Tranchess V3: Unlocking Enhanced Yield for Staked ETH Holders

2 min readFeb 5, 2024

Mark your calendars for February 15th, as we embark on an exciting journey with the launch of Tranchess V3, with new features specifically designed to empower staked ETH holders to maximize their yields like never before.

Key Features of Tranchess V3

Support for stETH and wstETH:

In the initial release, Tranchess V3 proudly supports stETH and wstETH as the first two staked ETH tokens, ensuring flexibility and accessibility for users seeking to optimize their staking strategy.

Introducing Three New Tokens: wstQUEEN, staYETH, and turYETH (Together, we call staYETH and turYETH “the Yield ETH”):

1. wstQUEEN: Exchange Powerhouse

  • Exchangeable at a 1:1 ratio with wstETH, aligning with the stETH to wstETH rate.
  • Further divisible into staYETH and turYETH in proportional amounts.

2. staYETH: Stable Yield ETH

  • Lock in staked ETH returns at a fixed percentage 365 days in advance.
  • Shield yourself from the volatility of ETH staking APR fluctuations.

3. turYETH: Turbo Yield ETH

  • Earn an enhanced, leveraged staking return during periods of elevated ETH staking rewards.
  • Capitalize on higher returns when compared to staYETH’s locked APR.

wstETH — staYETH AMM Pool

The AMM pool facilitates seamless swaps between staked ETH tokens and Yield ETHs. Swap your stETH/wstETH effortlessly into staYETH/turYETH, or vice versa.

For liquidity providers, the AMM pool supports stETH, wstETH and staYETH as liquidity. In addition to earning trading fees from swaps, liquidity providers will also receive CHESS emission rewards, further enhancing their overall yield.

(Check out the detailed explanation in the V3 user guide!)

Tranchess V3 brings a strategic approach by giving users full control over their staked assets. Whether you’re looking for stability with staYETH or aiming for turbocharged returns with turYETH, Tranchess V3 offers a spectrum of options to suit your individual financial goals.

Join us on February 15th as we unveil Tranchess V3 and embark on a journey towards a brighter, more diverse future in the world of staked ETH investing. (And a Blitz Program too!) As the Chinese New Year approaches, we would also like to take this opportunity to extend our warmest wishes for happiness, prosperity, and good fortune to all our users celebrating this joyous occasion. Happy Chinese New Year!




A Yield Enhancing Asset Tracker with Varied Risk-Return Solutions.