CHESS, the native token of the Tranchess protocol, and veCHESS, the governance token of Tranchess, which allows users to gain rebates and vote on proposals, are vital to the Tranchess ecosystem. To ensure a smooth transition of both tokens for Tranchess users after the launch of ETH liquid staking on Ethereum, Tranchess decided to use Multichain, the industry-leading cross-chain solution, for a swift and secure user experience.

The integration with Multichain has successfully tackled some of the most challenging tasks before Tranchess launches its liquid staking product on Ethereum. It has brought us one big step closer to the final release of Tranchess ETH liquid staking. For more information on how Tranchess’ ETH liquid staking product works and how the Multichain integration functions for users every day. Stay tuned as Tranchess gradually reveals its complete design on the ETH liquid staking product in the coming days!

About Tranchess

Tranchess is a yield-enhancing asset tracker protocol with liquid staking and structured products. Inspired by tranche funds’ ability to satisfy users’ varying risk appetites, Tranchess aims to provide a different risk/return matrix out of a single main fund that tracks a specific underlying asset. Tranchess launched its first fund in June 2021 and its validator staking solution for BNB in January 2022. It is now a leading protocol on the BNB Chain.

About Multichain

Born as Anyswap on July 20th, 2020, Multichain is positioned as a decentralized cross-chain router to address the clear need for distinct and diverse blockchains to communicate with one another.

Multichain promotes interoperability across different networks and actualizes smooth asset and value transfers as a cross-chain architecture. In addition, Multichain also powers the seamless data or message transmission across chains by anyCall, enabling the building of cross-chain Dapps.

SOURCE:

https://tranchess.medium.com/tranchess-x-multichain-empowering-tranchess-eth-liquid-staking-ef72e6fb96c0

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