|All Time High:|
|Market Cap: |
|The price of #CHESS today is $0.20 USD.|
The lowest CHESS price for this period was $0, the highest was $0.195, and the current live price for one CHESS coin is $0.19523.
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 BTC or other crypto coins.
|The code for Tranchess crypto currency is #CHESS. |
Tranchess is 2.4 years old.
|The current market capitalization for Tranchess is $1,351,545.|
Tranchess is ranking downwards to #842 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 $4,926,437.
|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 is available on several crypto currency exchanges.|
|Note that there are multiple coins that share the code #CHESS, and you can view them on our CHESS disambiguation page.|
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, ...
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...
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...
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 ...
Tranchess 2022 Recap: A Year of Development & Building
Troopers, it’s been a full year of building in 2022 and we want to go through everything that’s happened since! Despite an arduous bear market and it being a difficult year for many in the crypto industry, we’ve continuously marched along by shipping new products, staying nimble, and setting up Tranchess to grow into the DeFi powerhouse it was born to be. As a result, 2022 was a year marked by a multitude of accomplishments and events. In this recap, we want to celebrate all the milestones together with the troopers and CHESS holders alike, as well as provide an overview on what is planned for 2023. Let’s start with some of the major milestones first! — Tranchess Establishes BNB Chain Validator - Early in January 2022, we launched our BNB fund announcing our establishment as a BNBChain validator. This marked a key aspect in Tranchess’ roadmap of ensuring consistent, secure, and profitable yield for all Tranchess BNB fund users! — Tranchess on Twitter: "Our $BNB fund is live! Alpha- and $CHESS rewards start NOW. Don't miss out...*High APYs @ >2500% on opening for the early BNB stakers to enjoy! pic.twitter.com/SsJIVBjPTo / Twitter" - Our $BNB fund is live! Alpha- and $CHESS rewards start NOW. Don't miss out...*High APYs @ >2500% on opening for the early BNB stakers to enjoy! pic.twitter.com/SsJIVBjPTo Furthermore, Tranchess continuously established itself as a top validator node ...
Tranchess Partners RockX for ETH Liquid Staking
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...
Tranchess x Balancer: Empowering ETH Liquid Staking
We are excited to announce that after the soft launch on November 25, 2022, the Tranchess liquidity pool on Balancer is now live as the primary source of liquidity for the Tranchess ETH liquid staking fund. Tranchess’ qETH/ETH pool has recently been whitelisted and will soon join auraBAL bribing on Hidden Hand, a deeper collaboration with Balancer’s native ecosystem. Tranchess, a yield-enhancing asset tracker with tranched solutions, has recently released our yield-enhancing protocol for ETH on Ethereum — an ETH liquid staking protocol with its signature tranches BISHOP and ROOK for further risk diversification. qETH is the liquid-staked ETH from the Tranchess Beacon chain staking system. For the convenience of future collaborations with other protocols, qETH is designed such that the staking rewards of the staked ETH are reflected as a change on the fair value of qETH, instead of a change in the number of qETH tokens. The qETH token amount will only change if users stake/unstake additional ETH with Tranchess. The qETH/ETH liquidity pool allows users to swap between qETH and ETH, while direct withdrawal is not yet supported on the Ethereum Beacon chain for now. The nature of the qETH/ETH pool has determined that its underlying algorithm must: Adopt a stablecoin-like model with low slippage;, Still support changes in the fair value of one or both of the tokens to reflect the accumulated staking rewards., After roun...
User Guide: CHESS Cross-Chain
Tranchess recently soft-launched its ETH liquid staking protocol on Ethereum, unlocking more possibilities for the utility of CHESS, the governance token of Tranchess. To help our users better enjoy the added benefits, here’s a quick guide for CHESS, veCHESS, and how to bridge them to Ethereum on Tranchess. Tranchess uses Multichain, a decentralized cross-chain protocol, to facilitate all cross-chain activities. Please refer to the previous joint announcement for more technical details on the collaboration. Users can bridge CHESS/veCHESS from BNB Chain to Ethereum or the other way around. In this article, we will be focusing on demonstrating how to bridge from BNB Chain to Ethereum, which is typical for most of our users. — CHESS - To bridge CHESS, look for “Bridge” under the dropdown. Tranchess uses Multichain’s built-in router for CHESS cross-chain. By clicking “Visit Multichain to move CHESS,” users will be redirected to Multichain’s website to complete the transaction. Multichain charges a set fee for all cross-chain transactions, which can also be found as reminders on the page. The exact token amount fluctuates with the CHESS price. It usually takes 10~30 mins for the bridged CHESS to appear in the destination address. You can also find the transaction logs on the Bridge page for reference. Given the current fee setting, we advise our users to check the fees and choose between bridging CHESS directl...
Townhall V AMA Recap
Overview - Troopers — we were delighted to host our 5th Townhall in our Tranchess TG Channel! Hosted by Gambit and joined by our beloved King, there was a lot of information included to show all of the updates and progress we have made as a team and Trooper community! Topics covered include: Validator Staking News, ETH Launch Plans, Why Ethereum?, Growth & Development (Events, new features, etc.), New Features (Rebalance simulator, stableswap), Future Plans & Pipeline, The Q&A section covered many exciting topics such as our plans for the Ethereum launch, plans for future products, additional security features, and so much more. We hope you enjoy the script of the AMA and let us know your thoughts or whether you have any questions in the Tranchess TG Channel! — Script - King: I wonder whether @TranchessRook will drop in to say hi. Gambit: There will be 4 parts: 👉 Part 1: Introduction and Address Tranchess Community 👉 Part 2:Quiz! 👉 Part 3: 5 Community Questions from Twitter ♟ King will answer the community questions collected from twitter. ♟ The 5 people whose questions were chosen from Twitter will get CHESS rewards. 👉 Part 4:Live AMA 4 Questions ♟ I will unmute the chat and the community will ask King any questions. King will answer your questions, if any. ♟ 4 best questions chosen for the live AMA will be rewarded with CHESS!! Gambit: And without further ado, let us...
Tranchess x Multichain: Empowering Tranchess ETH Liquid Staking
We are excited to announce Tranchess’s integration with Multichain. This integration is fundamental to Tranchess’ upcoming liquid staking product on Ethereum. With the integration, users could quickly transfer both CHESS and veCHESS between BNB Chain and Ethereum. CHESS, the native token of the Tranchess protocol, and veCHESS, the governance token of Tranchess, which allows users to gain rebates and vote on proposals, are vital to the Tranchess ecosystem. To ensure a smooth transition of both tokens for Tranchess users after the launch of ETH liquid staking on Ethereum, Tranchess decided to use Multichain, the industry-leading cross-chain solution, for a swift and secure user experience. Tranchess adopts two main products from Multichain to realize the cross-chain purpose: Cross-chain Router for users’ CHESS cross-chain transfers and Anycall for veCHESS and weekly CHESS emission distribution across both chains. Let’s take a closer look at the three cases and how Tranchess adopts Multichain to achieve effective cross-chain swaps. CHESS Cross-chain with Cross-Chain Router.*BSC: BNB Smart Chain Users initiate CHESS cross-chain transfer from BNB Chain/Ethereum to Ethereum/BNB Chain., They will be redirected to the Multichain Router to finish the transaction., After the transaction, users will receive CHESS in their destination wallet address on Ethereum/BNB Chain., The technical workflow is described in the chart above....
More Tranchess (#CHESS) News
|Opera Crypto Browser Now Supports BNB Chain
Users of the crypto-friendly browser will be able to access popular decentralized apps, including DEXs like PancakeSwap, 1inch based on BNB Chain.
Opera - a web browser supporting Web3 - has announced support for Binance's smart contract blockchain, BNB Chain, on desktop and mobile.
Opera Taps BNB Chain
According to the official blog post, Opera revealed that the latest integration of its Crypto Browser with BNB will enable users to purchase BNB tokens with fiat as well as send and receive the asset via the built-in crypto wallet.
Additionally, users will also be able to access BNB Chain-based decentralized applications. Besides transactions and funds, Opera will also provide access to popular decentralized exchanges such as PancakeSwap, 1inch, BiSwap, as well as products like DRIP Venus, Tranchess, Treehouse, ApeSwap, and AutoShark Finance.
Opera also stated that this partnership has the potential to take Web3 adoption to the next level. The announcement further read,
'With today’s announcement of BNB Chain integration, Opera continues to streamline mainstream access to Web3 and beyond. With the Opera Crypto Browser, existing users of BNB Chain dApps and token holders alike can now join the hundreds of millions of Windows, Android, and Mac users worldwide in having unique Web3 access functionality at their fingertips.'
Opera has forged partnerships with several blockchains in recent years. In addition to BNB Chain, the browser company has scaled up its support for nine...