Tranchess FAQ: Answers to Common Questions
2 min read
Frequently asked questions about Tranchess, QUEEN, BISHOP, ROOK, CHESS, veCHESS, fees, chains and safety.
Quick answers
New here? Start with What is Tranchess and the beginner's guide.
Frequently asked questions
What is Tranchess?
A DeFi protocol that tokenizes crypto funds and splits them into tranches with different risk and return profiles.
What is the difference between BISHOP and ROOK?
BISHOP earns interest with lower volatility; ROOK gets leveraged exposure to the underlying asset and pays that interest.
Can ROOK be liquidated?
There are no margin calls. Instead, the protocol rebalances when leverage moves outside its bounds.
What is CHESS used for?
Governance, rewards and locking for veCHESS, which boosts rewards and shares protocol fees.
Which blockchains does Tranchess support?
It has been deployed on BNB Chain and Ethereum; check the official app for current networks.
Is Tranchess safe?
It has published audits, but all DeFi carries smart contract and market risk. Only invest what you can afford to lose.
Independent educational resource, not affiliated with Tranchess. Nothing here is financial advice. Crypto assets are volatile — do your own research.
Keep reading
Is Tranchess Safe? Security, Audits and Best Practices
How Tranchess approaches smart contract security, audits and what users can do to protect their wallets and funds.
QUEEN, BISHOP and ROOK: Tranchess Tranches Explained
An in-depth explanation of QUEEN, BISHOP and ROOK — the three Tranchess tranches — with a worked numeric example, leverage mechanics, interest, rebalancing and a full comparison.
CHESS Token: Utility, Supply and Use Cases
A complete guide to the CHESS token: its utility, emissions, veCHESS locking, fee sharing, governance role, where it trades today, and the Binance delisting.