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| Tranchess 
| #CHESS
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| CHESS Price: | $0.07 | | Volume: | $5.0 M | | All Time High: | $7.96 | | Market Cap: | $516.4 K |
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| Circulating Supply: | 6,922,996 |
| Exchanges: | 15
| | Total Supply: | 300,000,000 |
| Markets: | 17
| | Max Supply: | — |
| Pairs: | 4
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The price of #CHESS today is $0.07 USD.
The lowest CHESS price for this period was $0, the highest was $0.075, and the exact current price of one CHESS crypto coin is $0.07460.
The all-time high CHESS coin price was $7.96.
Use our custom price calculator to see the hypothetical price of CHESS with market cap of SOL or other crypto coins. |
The code for Tranchess crypto currency is #CHESS.
Tranchess is 3.9 years old. |
The current market capitalization for Tranchess is $516,449.
Tranchess is ranked #786 out of all coins, by market cap (and other factors). |
The trading volume is big today for #CHESS.
Today's 24-hour trading volume across all exchanges for Tranchess is $4,954,692. |
The circulating supply of CHESS is 6,922,996 coins, which is 2% of the total coin supply.
Note the limited supply of Tranchess coins which adds to rarity of this cryptocurrency and increases perceived market value. |
CHESS has limited pairings with other cryptocurrencies, but has at least 4 pairings and is listed on at least 15 crypto exchanges.
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| Note that there are multiple coins that share the code #CHESS, and you can view them on our CHESS disambiguation page. |
Earn More with Staked ETH
If you haven’t tested the new features on V3 yet, now is the time as the exciting Tranchess Staked ETH Blitz is here! Join this 3-month campaign and share the 2,000,000 CHESS rewards with other V3 token holders! Follow the user guide and participate now, or learn more with the quick summary below. The Blitz starts today (Feb. 22) and concludes on May 30, distributing 2,000,000 CHESS rewards to any users with V3 tokens in their wallets. The V3 tokens include staYETH, turYETH, wstQUEEN, and staYETH-wstETH LP token.Note: this is not a direct airdrop. Make sure to check out the Blitz program page and claim your CHESS rewards before May 30! All unclaimed rewards will be sent back to the treasury. All V3 tokens mentioned above can be created directly with stETH/wstETH. Choose the token that suits your need the most: staYETH: Earn a fixed 3.5% APR for your staked ETH token without worrying about the fluctuation of staking APR. No lock-up period. turYETH: Long the ETH staking APR with a leveraged position! If you believe the staking APR for ETH will rise in the following months, turYETH is the token for you. No lock-up period. staYETH-wstETH LP: Besides the Blitz rewards, LPs receive trading fees, weekly CHESS emission split determined by governance voting, and proportional staYETH fixed APR earnings. If you want to maximize your earnings for staked ETH tokens and don’t mind taking the calculated risk as an LP, providing liqu... 
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Introducing Tranchess V3: Unlocking Enhanced Yield for Staked ETH Holders
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 su...
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Addressing the ShareStaking _checkpoint() Vulnerability: A Proactive Approach
Introduction - On October 30, 2023, the Tranchess team was notified via Tranchess’ Immunefi Bug Bounty program of a critical vulnerability in the ShareStaking contract’s _checkpoint() function. This function updates the global reward checkpoint and ensures the total supplies are aligned with the latest fund rebalance version. A temporary solution was immediately deployed post-discovery to halt all rebalance activities while the team worked on a permanent mitigation plan. At the time of this recap, the vulnerability had been mitigated. All funds are safe. A bounty of 200,000 USDC (the maximum bounty of the program) has been paid to the whitehat via Tranchess treasury. We want to thank them again for discovering and reporting the vulnerability and the ImmuneFi community for their support. — The Vulnerability - The vulnerability emerged from the _checkpoint() function's logic that originally meant for skipping costly executions within the same block to save gas.uint256 timestamp = _checkpointTimestamp; if (timestamp >= block.timestamp) { return; } An attacker could exploit this by causing the _checkpoint() to be skipped, leading to a mismatch in total supplies after a rebalance. Through a calculated series of transactions, the attacker could then use this discrepancy to manipulate the spareAmount in deposit() function to drain the funds in ShareStaking.uint256 oldTotalSupply = _totalSupplies[tranche]; _totalS...
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Case Study: Tranchess X BNB Chain X Chainlink
Interview with Danny, co-founder of Tranchess. What sets Tranchess apart as a platform?, Tranchess is a protocol on both BNB Chain and Ethereum. It is an asset tracking management protocol providing varied risk returns for users. Users who have BNB, BTC, ETH or even stablecoins such as BUSD/USDC on hand would be able to find a suitable product that best fits their needs in terms of risk profiles versus returns. We have liquid staking capabilities on both chains and aspire to be the best in class in providing liquid staking services and structured product offerings. Our vision and motivation generally centers around bringing the best of TradFi products and to intertwine with the flexibility and efficiency that Decentralized Finance has to offer. We believe in innovating products that provide sustainable long term returns and provide the correct risk tiering and diversification for users. We do not discern users of any types and instead look to welcome and provide appropriate products and solutions to all users. DAO: We are also building a TCC (Tranchess Community Counsel) team which originated from our Tranchess Trooper of the Month group, actively exploring the most efficient ways to achieve DAO governance. 2. What is the unique advantage of building on BNB Chain? Why did you choose to build on BNB Chain? BNB Chain is well known for its high performance and reliability, which are our first and foremost concerns. Knowing tha...
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From Staking to Yield: A Guide to Tranchess Liquid Staking and its Yield-Boosting Potential
Liquid staking is well regarded as an innovative solution that allows users to earn staking rewards while maintaining liquidity and flexibility with their staked assets. Three years after it hit the market, the liquid staking sector still remains vibrant and growing. According to Dune Analysis, ETH staking remains a net inflow, with over 22 million ETH tokens staked on Beacon Chain. Since the initial launch of the BNB fund back in January 2022, Tranchess has been at the forefront of exploring and implementing liquid staking strategies with its structured financial model for better yield enhancement. As our onboarding program successfully concludes and ETH staking grows, we would like to give our incoming users a quick look back into Tranchess’ past experience with BNB staking and a deep dive into the current qETH structure. BNB Staking: The start of the validator node staking feature on Tranchess Tranchess embarked on its liquid staking journey with the BNB QUEEN product, which leveraged the staking rewards from the BNB Chain, which has been providing a steady additional yield of 3~6% for all BNB stakers since the first launch. While BNB QUEEN wasn’t a fully decentralized staking (LSD) coin due to the structural and ecosystem differences of BSC, it laid the foundation for Tranchess to provide sustainable yield-enhancing opportunities to its users. BNB QUEEN allowed users to participate in BNB staking and benefit from the ...
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Tranchess Onboarding Program Explained
In celebration of a successful Shanghai Upgrade, Tranchess is launching a 4-week incentive program with a total reward of 500,000 CHESS tokens for all eligible qETH stakers! In this article, we will elaborate on the details of the program, how to participate, and how to claim the rewards. TL;DR — Eligibility to Participate - Non-contract wallet addresses who received or sent at least 0.1 stETH, rETH, frxETH, sETH2 or ankrETH in a single transaction between 2022–04–13 and 2023–04–12 00:00:00 UTC. — Rewards - A total of 500,000 CHESS tokens will be allocated across the four-week program. Specifically: Week 1: 50,000 CHESS Week 2: 100,000 CHESS Week 3: 150,000 CHESS Week 4: 200,000 CHESS. — How to earn the CHESS Airdrops - Keep qETH in the eligible wallet addresses on the snapshot day. All snapshots will be taken at 14:00:00 UTC, so make sure to get your qETH ready beforehand! — Step-by-Step Guide - Answer your boarding call and access the program from the link on the front page:testnet environment for illustration purposes only Connect the wallets that have made the above-mentioned transactions between 2022–04–13 and 2023–04–12 00:00:00 UTC and check for eligibility:testnet environment for illustration purposes only If the address connected is eligible, you will see the prompt below:testnet environment for illustration purposes only Ineligible addresses will receive the followi...
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Ethereum Withdrawal Overview & Frequently Asked Questions (FAQ)
Intro - Drawing from years of experience with BSC staking/withdrawal, handling ETH withdrawals in the Tranchess protocol comes naturally. The Tranchess Fund has an inherent two-step asynchronous procedure for QUEEN Redemption, which was disabled in line with Ethereum’s timeline. With the Shanghai/Capella update now completed, we could finally bring back the last piece of the puzzle, unleashing the full power for users and the protocol itself. — The Mechanisms - Let’s start by reviewing the traditional redemption workflow for regular Tranchess Funds: Redeem: As there is no staking involved, all funds are readily available for redemption. This single step atomically swaps a user’s QUEEN token with the underlying asset based on the underlying/shares ratio at that moment, ensuring a seamless experience for users., A year ago, building on this technology, we introduced BNB Staking. Since BNB is staked in the BC network, it is no longer readily available to distribute, necessitating a three-step withdrawal process: Queue: Users signal their redemption intention in the primary market. The nQUEEN in question is immediately burned as if the redemption has already occurred, but since BSC is not present, the primary market accumulates the debt owed by the fund, creating a clear record of the obligations., Fulfillment: The fund strategy closely monitors the redemption queue and transfers BNB from the BC to the BSC network, ...
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Tranchess Research Report by SnapFingers Research| Structured Funds in the DeFi World
Author: SnapFingers Research Original Source (Chinese): Tranchess Research Report Translated by: ChatGPT — Table of Content - Preface, Basic information about the Tranchess project, Tranchess product architecture and current operation status, CHESS token model and valuation analysis, Competitve analysis of risk-rated protocols, Development prospects for Tranchess, — Preface - DeFi is a new type of deconstruction of the traditional financial world, which uses blockchain technology to make financial activities more efficient, open, and transparent. Previously, various financial products such as banks, exchanges, insurance, derivatives, and more had been mapped onto the DeFi field. With the advent of Tranchess, structured funds have also been able to land in the world of cryptocurrency. Structured funds were originally a relatively complex financial derivative designed to meet the investment needs of different categories of investors with different risk preferences. Tranchess has leveraged the characteristics of DeFi to reconstruct this product, lowering the barriers to entry and enabling more users to utilize this tool for asset management. Structured funds generally consist of a parent fund and two sub-funds, with the sub-fund portion divided into high-risk and low-risk segments based on returns and risks. The high-risk portion uses leverage to achieve higher returns, but also bears more risk; the low-risk port...
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Tranchess Community Council (TCC)
TranchessDAO Community Council: The Next Generation of DAO Governance — Abstract - Decentralized Autonomous Organizations (aka ‘DAO’) have been a hot topic over the last few years, growing alongside the meteoric rise of the overall cryptocurrency industry. Efficacy of DAOs, however, has been another side of the coin hotly debated. A fine balance between efficient governance and holistic governance needs to be struck for the organization as a whole, to fulfill its function of effective governance and ensuring long-term success. The innate dilemma within a DAO as seen today is that there is a natural discussion between (1) the founders & builders working on the protocol and (2) the overall community supporting the project as to what direction to take when there is a conflict of interest. This is largely due to people focusing on their own benefits as a top priority, instead of acting upon the long-term interest of the overall community and team. There are many examples of such behavior which will be elaborated and examined in the future. As such, TranchessDAO will be initiating an empowerment initiative for the overall community to both improve governance structures, overall efficacy and align incentives for both protocol and community called the “Tranchess Community Council”. — Tranchess Community Council Structure - Structure There will be three main bodies involved in the new TranchessDAO structure: T...
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Recap: Deposit Front-run Vulnerability Mitigation
On February 24, 2023, the Tranchess team was informed of a potential front-run vulnerability in the EthStakingStrategy contract via Tranchess’ Immunefi Bug Bounty program by an anonymous whitehat. The vulnerability can only be exploited by authorized node operators; The potential risk revolves around an authorized node potentially able to transfer out a limited amount of the strategy funds awaiting deposit. On the onset of discovery on Feb. 24, 2023, there were a total of 14 validator keys at risk, evoking a maximum of 14 * 32 = 448 ETH potential loss. Post discovery, Tranchess had immediately changed the ETH fund cap value to 0, effectively preventing any illicit fund operations, whilst allowing the tech team to execute a mid-term mitigation plan to fix the vulnerability at the same time. At the time of this recap, the vulnerability had been mitigated. All funds are safe. A bounty of 44.8 ETH (10% of the total potential loss, the maximum payment of our bug bounty program) has been paid via Tranchess treasury to the whitehat. We want to take this opportunity here to thank them again for discovering and reporting the exploit, as well as the ImmuneFi community for their support. The Vulnerability The attack vector is fundamentally made possible by the Ethereum Consensus Layer’s design choice of not enforcing the same withdrawal credential for subsequent deposits. A malicious node operator could associate the validator’s ...
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