Tranchess offers more unique options. In addition to QUEEN, Tranchess has BISHOP and ROOK tokens. The QUEEN token can be split into BISHOP and ROOK.

BISHOP is akin to the BUSD stablecoin, allowing people to earn interest. The interest rate changes weekly based on governance voting and the 7-day averaged BUSD interest rate from Venus. Investors who prefer not to have exposure to risky assets like BTC, ETH, or BNB can buy BISHOP and earn interest from it.

The second token, ROOK, facilitates creating a 2x leverage position without the risk of liquidation. ROOK holders have exposure to underlying assets with leverage and borrow funds from BISHOP holders, paying them interest.

Initially, BISHOP and ROOK are split on a 1:1 ratio. However, as the price of underlying assets changes, rebalancing is necessary. Rebalancing is triggered when the Fair value of ROOK / Fair value of BISHOP is below 0.5 or above 2.

Multichain Yield Enhancing Asset Tracker With Varied Risk-Return Solutions on Ethereum and BNB Chain

Tranchess

rallen2lk

I like the idea behind this project. It is an awesome opportunity for people who hold ETH, BNB, or BTC. You can bring your assets here and then request the minting of QUEEN, a native solution from Tranchess. For example, if someone holds BTCB, they can bring it to Tranchess. The project will then mint bQUEEN for them. By holding bQUEEN, the investor will still have full exposure to BTCB's price. Furthermore, now they have the ability to earn additional yields from farming CHESS, the native token from Tranchess. Additionally, you will receive additional rewards in CHESS from transaction fees on Tranchess.

I find this solution extremely useful for people who hold these underlying assets, as the project helps to earn more without incurring significant additional risks. That's why I've given it a 5-star rating.

Tranchess CHESS

Yield-enhancing asset tracker