a tokenized structured fund protocol

February 10, 2022, 2:28PM EST

• 6 min read

Quick Take

Each 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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Source: https://www.theblockresearch.com/tranchess-a-tokenized-structured-fund-protocol-132358?utm_source=rss&utm_medium=rss