veCHESS: Locking CHESS for Votes, Boosts and Fees
2 min read
How veCHESS vote-escrow works in Tranchess: lock duration, voting power decay, reward boosts and governance.
The vote-escrow model
veCHESS is obtained by locking CHESS for a chosen period. The longer the lock, the more veCHESS you receive. Voting power decays linearly as the unlock date approaches, rewarding long-term commitment.
Benefits
veCHESS boosts the CHESS rewards you earn on your positions, grants a share of protocol fees and lets you vote on emission allocations and proposals. Learn more in how yield works.
Things to consider
Locked CHESS cannot be withdrawn before the lock ends. Weigh this illiquidity against the benefits — see our risk guide.
Independent educational resource, not affiliated with Tranchess. Nothing here is financial advice. Crypto assets are volatile — do your own research.
Keep reading
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.
Earning Yield on Tranchess: Interest, Rewards and Staking
Where yield comes from in Tranchess: BISHOP interest, CHESS emissions, veCHESS boosts, fee sharing and ETH staking rewards.
Tranchess Risks: What Every User Should Know
Smart contract, market, leverage, liquidity and lock-up risks when using Tranchess.