Tranchess Partners RockX for ETH Liquid Staking

Tranchess
2 min readJan 3, 2023

Tranchess is excited to announce its latest partnership with RockX to bring liquid staking on Ethereum to our users. Tranchess hopes to further aid in the decentralization of Ethereum as a Proof-of-Stake (PoS) chain via a synergistic partnership with RockX; To provide users with an additional liquid staking option, through which they can earn the Beacon chain staking rewards while still remaining in a liquid position for their ETH assets.

Liquid staking is a revolutionary decentralized financial (DeFi) product that allows users to stake crypto assets without sacrificing liquidity by issuing a wrapped token of the staked assets, which can be used in the general DeFi ecosystem.

When staking with Tranchess, users will receive qETH, the liquid token for Tranchess liquid staking. Rewards will be accumulated via the fair value of qETH and users can realize their rewards in ETH upon exchanging qETH for ETH. More information can be found on Tranchess’ Docs page here. This purposeful design makes future DeFi collaborations much easier with qETH. Furthermore, as part of the Tranchess structured product, qETH can be split into BISHOP, a stablecoin-like token and ROOK, a leveraged long position of ETH. The mechanism provides qETH with more possibilities in future use cases as well as yield-enhancing flexibilities.

In response to the growing interest in liquid staking, this partnership between RockX and Tranchess seeks to meet the needs of users who want to earn staking rewards on their ETH while avoiding the typical pitfalls of self-staking and contributes to the decentralization of the overall Ethereum blockchain.

About RockX

RockX (www.rockx.com) is a global blockchain node network for staking, data, and security. The team is equipped with a wealth of experience in mining, staking, protocol research, and infrastructure design. In recent years, the company has built access node APIs for popular Layer 1 and 2 protocols for developers and helps companies seamlessly access and interact with blockchains.

With over USD 900 million worth of tokens staked, RockX is one of Asia’s leading staking platforms. Focusing on serving institutional and high net-worth clients globally to compound their returns on cryptocurrencies, RockX is always open to collaborating with synergistic partners & innovative Web 3.0 projects, ultimately helping to build the decentralized financial ecosystem.

About Tranchess

Tranchess (tranchess.com) is a yield-enhancing asset tracker protocol with liquid staking and structured products. Inspired by tranche funds’ ability to satisfy users’ varying risk appetites, Tranchess aims to provide a different risk/return matrix out of a single main fund that tracks a specific underlying asset. Tranchess launched its first fund in June 2021 and its validator staking solution for BNB in January 2022. It is now a leading protocol on the BNB Chain.

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