Trade CHESS with Leverage

Tranchess (CHESS) is a yield-enhancing asset management protocol built on the Binance Smart Chain (BSC), designed to provide varied risk-return solutions to users based on different tranches, or slices, of investment. Inspired by the structure of traditional tranche funds, Tranchess allows users to select investment options based on their risk appetite and desired returns.

The protocol was conceived in 2020 and developed by a team led by co-founder Danny Chong, who has extensive experience in both tech and finance sectors. The platform's mission is to bridge the gap between traditional finance and decentralized finance (DeFi) by offering a diverse suite of asset management products tailored for DeFi users across different risk capacities and appetites.

Tranchess’ tranche-based system splits assets into four tokens: QUEEN, BISHOP, ROOK, and CHESS. QUEEN is the primary token created by depositing BTCB, ETH, or BNB through Tranchess's primary market and is designed for long-term holders of these underlying assets. It offers a base yield that ranges between 2% and 16%, depending on the underlying fund. 

BISHOP and ROOK tokens are derived by splitting QUEEN tokens, each catering to different investment strategies. BISHOP targets stable yield seekers, providing an annual percentage yield (APY) of 7% to 22%. ROOK, on the other hand, offers leveraged exposure without forced liquidation, suitable for aggressive investors looking to amplify returns, with yields between 1.5% and 10% on top of a 1.7x to 2.2x leveraged position. The CHESS token is earned through farming by staking QUEEN, BISHOP, or ROOK tokens and acts as the governance and utility token of the protocol.

The Tranchess ecosystem is fortified with security measures such as multiple code audits by reputed firms like Peckshield and Certik, and a bug bounty program via Immunefi. The protocol also employs a unique price oracle that uses a 30-minute time-weighted average price (TWAP) to minimize the risk of oracle manipulation attacks, enhancing the robustness of the platform against potential exploits.

The total supply of CHESS tokens is capped at 300 million. The distribution is allocated as follows: 5% for seed investors, 20% for the core team, 15% reserved for future investors, 50% for liquidity mining, and 10% for the treasury. The token distribution is designed to incentivize users and ensure sustainable growth of the Tranchess ecosystem over the long term.