Tranchess Will Become a Validator on BNB Chain with the Launch of its New BNB Fund

2021.12.29  •  3 min read
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Tranchess, the yield-enhancing asset tracker protocol on BNB Chain, is bringing its yield-enhancing feature to the next level. Being a validator on BNB Chain will allow Tranchess to add an exciting layer of alpha-enhancement to its BNB fund - Scheduled for launch before mid-January 2022.

BNB Chain is the top leading POS (Proof-Of-Stake) chain providing one of the most active and robust blockchain networks. The fast and continuous growth of the ecosystem translates directly to the strong need and support of validator nodes, which in turn reflects a consistent and significant yield return to the validator node.

Launched and operating smoothly on BNB Chain since June 2021, acting as a validator is also Tranchess way of expressing gratitude and giving back to the BNB Chain community for their strong support and enthusiasm towards the protocol. With the alpha-enhanced BNB fund as its first product in 2022, Tranchess continues to provide diversified solutions to its users and to help improve users’ yield return on crypto assets.

How Does the Validator Node Help Enhance Yield for Users

With Tranchess, users can enhance their yield by creating Tranchess native tokens QUEEN, BISHOP and ROOK with the preferred tracked-underlying assets. The three tokens are designed with different characteristics to cater to varied risk-return capacities; users enjoy yield returns by staking these tokens and farming CHESS, the protocol governance token.

Fundamentally, the new BNB fund has a similar product structure, but with a validator node bonded together. With this symbiotic relationship, Tranchess will be able to stake the collected BNBs into the node to receive added APR rewards from the BNB Chain network. The rewards are then distributed back to Tranchess BNB fund users who have created and staked QUEEN with their BNBs.

"Validators are a critical part of BNB Chain decentralization as they guarantee the integrity of the blockchain and secure the network. As the BNB Chain ecosystem grows, we are committed to ensuring the BNB Chain community continues to have a seamless experience. We are thrilled to have Tranchess as a validator on BNB Chain.” said Gwendolyn Regina, Investment Director at BNB Chain.

The criteria for becoming a BNB Chain validator are stringent. A node needs to have a steady, robust and secure technical infrastructure to start. It also needs to hold a fairly large amount of BNBs to be considered eligible for reward collection. With the new BNB fund, Tranchess hopes to aid more users in benefiting across the crypto world - whether you are a “whale” or a “common supporter” of BNB Chain with just one or two BNBs, you too can now enjoy even greater DeFi rewards and the blockchain world has to offer.

“We are both proud and excited to be a validator on BNB Chain, especially at the beginning of a brand new year. This reflects Tranchess' continuous commitment to provide a wider range of products to users in 2022 and beyond, which is in line with our roadmap. We are unveiling a new chapter in our journey with this launch, and we are off to a great start - This development marks a significant milestone to Tranchess continuous goal of generating sustainable and diverse returns for our users”, says Danny Chong, Co-Founder of Tranchess.

About Tranchess

Tranchess is a yield-enhancing asset tracker protocol with varied risk-return solutions. Inspired by tranche funds’ ability to satisfy users’ varying risk appetites, Tranchess aims to provide a different risk/return matrix out of a single main fund that tracks a specific underlying asset. Tranchess launched its first fund, tracking BTCB, in June 2021, and an ETH tracking fund as the second product launched just recently in November. Their third fund, an alpha-enhanced BNB fund, is scheduled to launch in early January, 2022.

Learn more about Tranchess


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