Tranchess
Tokenized asset management protocol offering a dual-tranche fund structure for varied risk appetites in decentralized finance
- No KYC or registration
- Non-custodial — your keys, your crypto
- 1000+ supported exchange pairs
- Best available exchange rate
Tranchess Price Chart
About Tranchess
Tranchess is a DeFi protocol inspired by traditional finance's tranche fund structures, where a single fund is split into tranches with different risk profiles. Users can deposit BTC or ETH into Tranchess and receive either BISHOP (conservative, yield-focused tranche) or ROOK (aggressive, leveraged tranche) tokens representing different exposures to the underlying asset. CHESS is the governance token earned by liquidity providers and used for voting. The protocol offers a novel way to get leveraged or yield-enhanced exposure to Bitcoin and Ethereum without using perpetual futures.
History
How to Swap CHESS
Swapping Tranchess (CHESS) on SyntheticSwap requires no KYC or account creation. CHESS exists on both Ethereum and BNB Chain, so wallets like MetaMask, Trust Wallet, and Ledger support it on both networks. Open SyntheticSwap, select CHESS as your source or destination, enter your receiving address, and confirm the floating rate. Once your CHESS deposit is confirmed on the respective chain, the destination asset is automatically delivered to your wallet. SyntheticSwap is fully non-custodial.
How to Store CHESS
Store CHESS in MetaMask connected to BNB Chain or Ethereum, or any ERC-20/BEP-20 compatible wallet. CHESS operates on multiple networks.
