what's Tranchess?

Tranchess is a yield-enhancing asset tracking protocol built on blockchain technology, designed to provide investors with flexible risk-return profiles through a tranching mechanism. Inspired by traditional tranche funds, it allows users to split a main pooled fund—tracking underlying assets like Bitcoin or Ethereum—into sub-tranches: a conservative "Follower" share that earns stable yields and a leveraged "Hedge" share that amplifies potential gains and losses. The protocol operates primarily on the BNB Chain, enabling users to deposit assets into pools, earn rewards from staking and liquidity provision, and participate in governance via the CHESS token. The system incorporates automated rebalancing to maintain leverage ratios and mitigate impermanent loss, while integrating with decentralized exchanges for trading. Tranchess also supports derivatives trading and liquid staking features, allowing users to retain liquidity while earning yields. Governance is community-driven, with CHESS holders voting on protocol upgrades and parameter adjustments to ensure adaptability in volatile markets.

Tranchess will be delisted from Binance spot trading on Feb 13, 2026.

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