TheBlock
2022-02-10 19:28:18

Tranchess: a tokenized structured fund protocol

Quick TakeEach Tranchess fund has three tokenized tranches with different risk exposure.The BISHOP tranche enables risk-averse investors to earn passive yield without price risks, whereas the ROOK tranche provides liquidation-free leveraged exposure to risk-seeking speculators.CHESS, the native token of Tranchess, is used to incentivize user adoption and is by far the main driver of protocol usage.

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