Tranchess (CHESS) Price

Tranchess is an asset tracker and yield enhancer on Binance Smart Chain (BSC). It offers a range of yield-enhancing solutions for investors looking to maximize their returns. The platform consists of three tranche tokens, QUEEN, BISHOP, and ROOK, which are designed to cater to different risk profiles and investment goals.

QUEEN is an index tracking fund token that tracks the price of Bitcoin (BTC). Investors can stake BTCB as the underlying asset to receive QUEEN tokens. These tokens can be split into BISHOP and ROOK, which offer varied risk-return solutions.

BISHOP is a yield-bearing USDC token that offers variable interest rates that change weekly. The protocol reads the USDC interest rate from Venus and adds a premium determined by community voting to the rate. The total becomes BISHOP's next week's fixed interest rate. The BISHOP token is ideal for investors looking for steady returns with moderate risk.

ROOK is a leveraged BTC token that allows investors to borrow from the BISHOP holders to have a higher exposure on BTC. The ROOK token is suitable for investors with a higher risk appetite as it offers the potential for higher returns.

In addition to these tranche tokens, Tranchess also offers a range of features, such as a decentralized exchange (Tranchess Swap), money markets (Primary Market), staking, and network governance. The governance token of Tranchess is CHESS, which comes with several use cases.

CHESS token holders can participate in voting for the additional add-on of BISHOP tokens’ weekly interest rate, giving them a say in how the platform operates. Additionally, token holders receive a weekly BTCB rebate reward (approximately 50% of the fees collected within Tranchess), which helps to maximize their returns. Users can also receive higher yield farming rewards by staking CHESS, making it a valuable asset to hold.