Tranchess
Crypto Overview
Project Overview
Tranchess is a yield-enhancing DeFi protocol that offers users various investment products with different risk-return characteristics. The protocol splits tokens into multiple tranches with varying risk and return profiles, allowing users to choose investment strategies that match their risk tolerance.
Intended Utility
The CHESS token serves as the protocol's governance token, allowing holders to participate in decision-making processes regarding protocol parameters, fund deployment, and strategic directions. It also provides staking benefits and revenue sharing from protocol fees.
Actual Implementation & Usage
The protocol primarily operates on the BNB Chain and has expanded to Ethereum and Avalanche networks. It implements a 'tranche' system where users can deposit assets like BTC, ETH, and BNB into different risk-stratified products. The system involves yield generation through strategies including leveraged yield farming and automated market making.
Token Distribution & Governance
The initial token distribution allocated 30% to the team and advisors with a 2-year vesting period, 25% for ecosystem development, 20% for community incentives, 15% for strategic partners, and 10% for initial liquidity provision. The vesting schedule appears designed to prevent immediate dumps and align long-term interests.
Development Activity
The protocol shows consistent development activity with regular updates to its smart contracts and user interface. The team maintains active communication through official channels and demonstrates ongoing commitment to protocol improvement.
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.
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