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Tranchess
Tranchess is a yield-enhancing asset-tracker protocol offering varied risk-return products for crypto assets. It provides liquid staking, asset-tracking funds, and tranche-based products for users seeking stable yield or leveraged exposure.
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QUEEN ETH (QETH)
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Description
QUEEN ETH (qETH) is the Ethereum liquid-staking product shown in Tranchess's Ethereum section. It enables ETH staking rewards while retaining liquidity and may offer additional yield through liquidity provision. The rendered page states that the qETH fund is being retired, Ethereum staking is paused, and users should unstake ETH or retrieve liquidity through Balancer.Category: Liquid Staking
TVL: $8.2K
Chains:
Turbo & Stable
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Description
Turbo & Stable is a Tranchess product on BNB Chain with Swap and Primary Market sections for fund tokens. Turbo tokens enable leveraged earning of points rewards, while Stable tokens earn stable interest paid by Turbo tokens. When a fund matures, its tokens can be converted back to their respective underlying tokens.Category: Yield Aggregator
BISHOP
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Description
BISHOP is a Tranchess product on BNB Chain presented as a stablecoin fully backed by its underlying assets. It earns interest by lending liquidity to ROOK holders for leveraged positions. Holders can provide BISHOP-USDC liquidity for trading-fee earnings, and BISHOP and its LP tokens are eligible to farm the CHESS governance token. BISHOP also shares liquid-staking rewards with ROOK, with the reward-sharing ratio determined by community voting.Category: Liquid Staking
BNB Chain Liquid Staking
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Description
BNB Chain Liquid Staking is Tranchess’s BNB Chain staking product centered on QUEEN, an asset tracker that earns delegation rewards for BNB and farms the CHESS governance token. QUEEN can be split into ROOK and BISHOP, with BISHOP eligible for AMM trading fees. The page states that the BNB, BTCB, and ETH funds are retired and instructs holders to unstake and redeem.Category: Liquid Staking