Tranchess to Host DeFi Meets Real Economy in Singapore on September 30th
Tranchess, together with BNB Chain and Bedrock DeFi, will hold the “DeFi Meets Real Economy” event on September 30 during Token2049 in Singapore. The gathering will focus on DeFi resilience, tokenized real-world assets (RWAs), and institutional adoption. Refer to the official tweet by CHESS: 🌆DeFi Meets Real Economy @ SG Skyline 🇸🇬This Token2049 F1 week, , & gather builders & investors at Swissôtel.💬Topics: DeFi resilience, RWAs, Institutional adoption📍 Sept 30🔗 CHESS InfoTranchess is an asset management and derivatives trading protocol that consists of three tokens (QUEEN, BISHOP and ROOK) and a governance token CHESS. The project is a set of blockchain investment products designed to optimize investment in Bitcoin.Based on the tranche principle, Tranchess allows investors to choose between different levels of risk and return, allowing them to tailor their investment strategy to their risk preferences. Tranchess offers several tranches, each of which has its own characteristics in relation to changes in the price of bitcoin. Within the system, various tranches are presented, each of which reacts to fluctuations in the price of bitcoin in a certain way.QUEEN is an index token that tracks BTC price fluctuations. To receive QUEEN, users can pledge BTCB as an underlying asset. BISHOP is a yield token pegged to USDC. Its feature is a variable interest rate, which is adjusted weekly. The USDC interest rate is determined based on data from the Venus platform, after which a surcharge approved by the community vote is added to it. The amount received becomes the BISHOP fixed rate for the following week.ROOK is a leveraged BTC token that allows its holders to borrow funds from BISHOP holders and thereby increase BTC risk exposure.Tranchess Governance Token, CHESS, has a number of functionalities: CHESS holders can participate in voting to adjust the weekly interest rate for BISHOP tokens; CHESS holders receive weekly rewards in the form of a share of BTCB commissions (approximately 50% of the total commissions of the Tranchess platform); in addition, by using CHESS for staking, users can increase the rewards of the liquidity mining program.