- Operating on BNB Chain and Ethereum, Tranchess offers liquid staking, risk-adjusted returns, and structured products.
- With BNB Chain’s performance and ecosystem, Tranchess thrives.
During an interview hosted by Tranchess, Danny, one of the platform’s founders, discussed the evaluation of Tranchess’ partnership with Chainlink and Binance Smart Chain (BNB). This review comes nearly three years after the initial partnership was established.
Tranchess operates as a protocol on the BNB Chain and Ethereum, setting it apart. It functions as an asset-tracking management protocol that delivers a range of risk-adjusted returns to its users. Whether users possess BNB, BTC, ETH, or stablecoins like BUSD/USDC, they can discover a suitable product that aligns with their risk appetite and returns.
Notably, the platform offers liquid staking capabilities on both chains and strives to excel in delivering top-notch liquid staking services and structured products.
Tranchess on BNB Chain: High Performance and Ecosystem Advantage
In the blockchain landscape, a solid foundation is paramount. Tranchess thrives on the BNB Chain, chosen for its exceptional performance and unwavering reliability. BNB Chain’s robustness underpins seamless transactions, while its vast ecosystem, the world’s largest smart contract blockchain, offers exposure and growth. Tranchess, a validator on BNB Chain, capitalizes on its Proof-of-Stake prominence, benefiting from ecosystem growth through its validator node.
Tranchess Finds Vital Support and Growth in BNB Chain Ecosystem
In the dynamic realm of decentralized finance (DeFi), the right blockchain foundation can be the bedrock of a project’s success. Tranchess, a pioneering player in the DeFi arena, has discovered a symbiotic partnership with the BNB Chain that reaps manifold benefits.
One of the foundational pillars that set BNB Chain apart is its low gas fees and swift transaction times, which hold immense significance for projects operating on the blockchain. Particularly for DeFi projects like Tranchess, these attributes are paramount in ensuring smooth and cost-effective operations. The reduced gas fees contribute to operational efficiency and open avenues for user-friendly engagement with the platform.
Tranchess Enhances Operations with Chainlink Integration
Tranchess strategically integrates Chainlink to optimize its functionality. The decision stems from needing a dependable price feed for daily settlements. Chainlink’s proven robustness and extensive market coverage align seamlessly with Tranchess’ requirements. Additionally, Tranchess has embraced Chainlink Automation to streamline protocol tasks through smart contract automation. This partnership exemplifies the transformative power of strategic alliances in the evolving DeFi landscape.
Tranchess Chooses Chainlink for DeFi Building on BNB Chain
Tranchess’ decision to partner with Chainlink, a premier Oracle solution, underscores a strategic alignment in their goals within the BNB Chain ecosystem. For Tranchess, Chainlink’s decentralized and dependable price feed fulfills essential requirements for accurate data in daily settlements, a cornerstone of DeFi operations.
Utilizing Chainlink Automation alongside BNB Chain’s ecosystem, Tranchess seamlessly executes routine daily settlements while ensuring security and cost efficiency. This symbiotic integration showcases Tranchess’ commitment to operational excellence and underscores the potential of collaborative blockchain partnerships.
Pioneering Achievements Across Domains
Tranchess has achieved significant milestones, notably as BNB Chain’s annual MVB protocol and expanding to Ethereum with an innovative ETH liquid staking product. With mainstream media recognition, Tranchess is a one-stop solution for crypto newcomers, embodying success in user growth, market expansion, liquidity enhancement, and engineering efficiency.
Forging a Path Between TradFi and DeFi with Long-Term Vision
Tranchess holds ambitious long-term objectives that resonate with the passion that brought many team members into the crypto realm. Its core aim is to act as a bridge between Traditional Finance (TradFi) and DeFi, offering a comprehensive solution for newcomers. Whether liquid staking, stablecoin yield, or leverage, Tranchess aspires to make key DeFi features accessible.
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
As the future unfolds in the Web3 era, the distinction between TradFi and DeFi will blur, leaving room for solutions that cater to individual asset management needs. Tranchess is poised to play a significant role, aligning with this evolving landscape by addressing specific requirements and contributing to the seamless integration of traditional and decentralized finance.
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