Tranchess to Participate in BNB Chain BNB Incubation Alliance in Bangkok on November 13th
2024-11-12


Tranchess announced that its co-founder, Danny Chong, will be speaking at a panel on DeFi and stablecoins during the BNB Chain BNB Incubation Alliance in Bangkok on November 13th. 
 Refer to the official tweet by CHS: 
Come join us for a panel on DeFi and Stablecoins during the @BNBCHAIN BNB Incubation Alliance where our Co-Founder Danny Chong @DCKingT will be speaking!
📌 Carlton Hotel Bangkok Sukhumvit
🕒 13 Nov
Join us via https://t.co/d7v3JyrwhI
We'll see you there, troopers! pic.twitter.com/f2hZd8i916
CHS Info
Tranchess is an asset management and derivatives trading protocol that consists of three tokens (QUEEN, BISHOP and ROOK) and a governance token CHESS. The project is a set of blockchain investment products designed to optimize investment in Bitcoin.
Based on the tranche principle, Tranchess allows investors to choose between different levels of risk and return, allowing them to tailor their investment strategy to their risk preferences. Tranchess offers several tranches, each of which has its own characteristics in relation to changes in the price of bitcoin. Within the system, various tranches are presented, each of which reacts to fluctuations in the price of bitcoin in a certain way.
QUEEN is an index token that tracks BTC price fluctuations. To receive QUEEN, users can pledge BTCB as an underlying asset. 
BISHOP is a yield token pegged to USDC. Its feature is a variable interest rate, which is adjusted weekly. The USDC interest rate is determined based on data from the Venus platform, after which a surcharge approved by the community vote is added to it. The amount received becomes the BISHOP fixed rate for the following week.
ROOK is a leveraged BTC token that allows its holders to borrow funds from BISHOP holders and thereby increase BTC risk exposure.
Tranchess Governance Token, CHESS, has a number of functionalities: CHESS holders can participate in voting to adjust the weekly interest rate for BISHOP tokens; CHESS holders receive weekly rewards in the form of a share of BTCB commissions (approximately 50% of the total commissions of the Tranchess platform); in addition, by using CHESS for staking, users can increase the rewards of the liquidity mining program.