TranchessPrice(CHESS)
Details Tranchess (CHESS) Price information (USD)
The current real-time price of CHESS is $0.0011. In the past 24 hours, CHESS has traded between $0.0010 and $0.0013, showing strong market activity. The all-time high of CHESS is $7.91, and the all-time low is $0.0020.
From a short-term perspective, the price change of CHESS over the past 1 hour is
Tranchess (CHESS) Market Information
Tranchess (CHESS) Today's Price
The live price of CHESS today is $0.0011, with a current market cap of $229.279K. The 24-hour trading volume is 7.6299. The price of CHESS to USD is updated in real time.
Tranchess (CHESS) Price History (USD)
What is TRANCHESS (CHESS)?
When is the right time to buy CHESS? Should I buy or sell CHESS now?
Before deciding whether to buy or sell CHESS, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s CHESS technical analysis can provide you with trading references.
Future price trend of CHESS
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for CHESS.
How much will CHESS be worth tomorrow, next week, or next month in ? What about your CHESS assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! CHESS Price Prediction
How to buy TRANCHESS (CHESS)
Convert CHESS to local currency
CHESS Resources
To learn more about CHESS, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0x1bf0...ff3a7b  | 85.698M | 28.57% |
binance-smart-chain | 0x0d07...b492fe | 45.202M | 15.07% |
binance-smart-chain | 0x8894...e2d4e3 | 17.820M | 5.94% |
binance-smart-chain | 0xe2fc...a93ae1 | 15.205M | 5.07% |
binance-smart-chain | 0x1472...47b64f | 13.021M | 4.34% |
Other | 123.050M | 41.02% |
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TRANCHESS (CHESS) FAQ
What is Tranchess and what does its name represent?
Tranchess is a decentralized asset management protocol designed for yield enhancement. Its name is a combination of "Tranche"—a financial term referring to different layers of risk and return—and "Chess," which serves as the project's creative theme. The protocol offers structured funds that allow users to customize their exposure to underlying assets based on their specific risk appetite.
How do the Queen, Bishop, and Rook tokens differ within the ecosystem?
Tranchess uses a three-token system to cater to different investor needs. Token QUEEN is the main fund token that tracks the underlying asset (like ETH or BTC) 1-to-1, ideal for long-term holders. Token BISHOP serves as a fixed-income tranche providing stable returns for risk-averse users. Token ROOK is a leveraged tranche, offering approximately 2x exposure to the underlying asset for aggressive traders.
How does the 'No Forced Liquidation' mechanism work for the ROOK token?
Unlike traditional margin trading which can result in total loss through liquidation, Tranchess utilizes a unique "Rebalance" mechanism. When the market moves significantly, the protocol automatically adjusts the net asset value (NAV) of the tokens to reset the leverage. This prevents the Rook tranche from hitting zero, ensuring that users maintain their positions even during extreme market volatility.
What is the utility of the CHESS token and how is veCHESS used?
CHESS is the governance token of the protocol. Users can lock their CHESS for up to four years to receive veCHESS (vote-escrowed CHESS). Holding veCHESS allows users to vote on protocol parameters, receive a share of protocol fees, and earn boosted yields in the platform's farming pools. The longer the lock duration, the more voting power and rewards the user receives.
How are yields and rewards calculated for participants in the protocol?
Yields for Tranchess participants are generated from three primary sources: staking rewards from underlying assets (such as liquid staking ETH), a 50% share of protocol fees distributed to veCHESS holders, and CHESS token emissions. These rewards are distributed to users who stake their Queen, Bishop, or Rook tokens in the protocol’s various pools.
What are the security measures and risks associated with using Tranchess?
Tranchess protects against flash loan attacks and price manipulation by using a 30-minute Time-Weighted Average Price (TWAP) oracle rather than real-time feeds. The protocol has been audited by security firms like PeckShield and CertiK. However, users should be aware of smart contract risks, market volatility that could impact the value of tranches, and potential oracle failures.
