Tranchess is a yield enhancing asset tracker with varied risk-return solutions. Tranchess provides a different risk/return matrix out of a single main fund that tracks a specific underlying asset. The name Tranchess was inspired by the game of chess, as well as the French word “Tranche”, which is often associated with tranche funds that caters to different class of investors with varying risk appetite. Tranchess was launched on 24th June 2021.
The main fund, aka token Queen, tracks a specific underlying asset and can be split equally into 2 sub funds. We have purposefully chosen BTC as the first crypto asset to track. Meanwhile, it also shares many of the popular DeFi features such as: single-asset yield farming, borrowing & lending, trading, etc.
- Enhanced yield returns without incurring impermanent losses
- Leveraged positions at low cost and no forced liquidation
- Zero Lock-in Period for Queen holders
- Prevention of Oracle Attacks using TWAP (Time Weighted Average Price)