- Tranchess aims to combine the best of traditional finance (TradFi) products with the efficiencies of decentralized finance (DeFi).
- BNB Chain’s high performance and Chainlink’s reliability are pivotal to Tranchess’s daily operations and risk management tools.
Bridging the Gap between TradFi and DeFi
DeFi’s surge in the past few years has brought many innovations, with platforms like Tranchess standing out for their unique propositions. Danny, co-founder of Tranchess, elaborates on how they aim to marry the strengths of both worlds—TradFi’s structured product offerings with the agility of DeFi.
Asset management platform @Tranchess is aiming to be a gateway between TradFi and DeFi.
Read this case study to learn how the project is leveraging #Chainlink Price Feeds and Automation on @BNBChain ⬇️
— Chainlink (@chainlink) August 16, 2023
A Deeper Dive into Tranchess
Tranchess’s core is an asset tracking management protocol, operational on both BNB Chain and Ethereum. This system offers a spectrum of risk returns, catering to a variety of cryptocurrencies such as BNB, BTC, ETH, and stablecoins like BUSD/USDC. With their liquid staking capabilities on both chains, the platform aspires to be the pinnacle in providing these services.
Their driving vision is to weave together the robust offerings of traditional finance with DeFi’s versatility. This merger aims to craft innovative products ensuring sustainable returns, apt risk tiering, and diversification for its users.
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Furthermore, the development of the Tranchess Community Counsel (TCC) is noteworthy. Originating from the Tranchess Trooper of the Month group, the TCC is actively paving ways for efficient DAO governance.
Why BNB Chain?
BNB Chain’s reputation for reliability and high performance was a major draw for Tranchess. Notably, as the world’s leading smart contract blockchain by daily active users, it provides Tranchess with invaluable exposure. Their status as a validator on the BNB Chain also exemplifies the platform’s faith in BNB’s leading Proof-Of-Stake chain.
Additionally, BNB Chain’s attributes like low gas fees and its gas grant program are particularly beneficial for emerging projects. The ecosystem also stands out for its nurturing environment, fostering projects with a wealth of tools and a vibrant community backing.
BNB Chain’s Technical Highlights for Tranchess
Two features Danny eagerly anticipates are BNB Greenfield and opBNB. The former, a decentralized data storage system, aligns perfectly with the current trend of AI and big data computation, potentially revolutionizing the way blockchain projects operate. The latter, opBNB, is the layer-2 solution promising improved gas fees and throughput, which could further boost Tranchess’s technical performance.
The Chainlink Connection
Chainlink’s integration was vital for Tranchess, especially for its daily settlement process. With its widely respected price feeds, Chainlink ensures a smooth and consistent price relay, crucial for Tranchess’s transactions. The synergy between Chainlink’s offerings and BNB Chain’s ecosystem allows for seamless and cost-effective operations.
With a team boasting experience from tech giants to investment banks, Tranchess is set on its mission to be the gateway between TradFi and DeFi, gearing up to define the future landscape of web3.
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