Tranchess
Crypto Overview
Overview
Tranchess is a decentralized yield-enhancing asset tracker protocol that splits tokens into multiple tranches with different risk-return characteristics. The protocol aims to provide users with various investment strategies through its fund structure, which includes QUEEN (the primary tracking token), BISHOP (enhanced yield), and ROOK (leveraged positions).
Intended Utility
The CHESS token serves as the protocol's governance token, allowing holders to participate in decision-making processes regarding protocol parameters, risk management, and future development. It also incentivizes liquidity provision and protocol usage through rewards.
Actual Utility
The platform demonstrates active usage with significant Total Value Locked (TVL) and regular trading volume. The protocol currently supports multiple crypto assets including BTC, ETH, and BNB, with each having their respective fund structures. Development activity remains consistent with regular updates and improvements to the platform.
Token Distribution and Governance
The token distribution includes allocations for team members, early investors, and community incentives. Vesting schedules are in place for team and investor allocations to ensure long-term alignment. The project maintains transparent documentation regarding tokenomics and governance processes.
Technical Implementation
The protocol operates on multiple blockchain networks including BNB Chain and Ethereum. Smart contracts have been audited by reputable firms, and the protocol implements risk management measures to protect users' funds.
Crypto Impact
To assign a comfort level investing in Tranchess from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Tranchess.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.