Can the Tranchess V2 update pull DeFi out of a deadlock?
- Tranchess, a decentralised yield-generating protocol, introduces V2 with Stable AMM pools and UI improvements
- The protocol aims to simplify yield generation for retail and institutional investors
- Tranchess is based on Binance Smart Chain, surpassing liquidity concerns
The markets have continued to decline, and bears have shown no mercy so far. Bitcoin (BTC) has found decent support between $20,000 and $22,000, while altcoins are falling to new lows.
Meanwhile, DeFi protocols are struggling to emerge from this murky territory and regain their former dominance.
Amid these tricky situations, Tranchess, a decentralised yield-generating protocol, is unveiling its V2 by incorporating Stable AMM pools and UI and UX enhancements. This improvement comes at a time when DeFi is in a stalemate and requires a big pull to restore market sentiment.
Tranchess is a decentralised asset monitoring and management platform that offers reliable, high-yield returns through various risk-return options.Tranchess intends to deliver unique one-stop asset tracking solutions for the DeFi industry.
Intriguingly, new features also include rapid swap and the integration of on-chain decentralised pricing oracles to increase user adoption and retention despite unfavourable market situations.
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V2 will also contain updates to the user interface and settlements for the main market and swaps on Tranchess to increase efficiency and streamline and simplify the user experience.
Commenting on this decision to launch the V2 during such fragile market conditions, Danny Chong, co-founder of Tranchess, said:
“DeFi is still in its early stages and recent events have strengthened our belief that what the ecosystem needs is a model that draws inspiration from the best of both TradFi and DeFi. Tranchess is undergoing a complete revamp to improve accessibility and reliability, so as to encourage the adoption of mainstream and institutional users, on top of the current DeFi user pool. Building a strong revenue growth model, with sustainable and structured yield-earning products and coupling that with the implementation of a seamless UI and UX are critical to what the market needs right now.”
True decentralisation of the stablecoin marketCopy link to section
Currently, USDT and USDC account for around 65% of the entire 185 billion stablecoin market capitalisation, a proportion that will expand as adoption increases.
To avoid over-centralisation and satisfy the demand for risk-managing market-neutral assets, decentralised stablecoin-like assets that are completely collateralised offer a more practical channel into crypto while mitigating exposure to market volatility.
With the introduction of the native AMM for stablecoins, Tranchess customers who wish to keep stablecoins will be able to earn higher returns on their assets.
Chong further added:
“We believe that fully collateralised stablecoins, when properly implemented, continue to be an important strategy to spark the next wave of entry of TradFi and mainstream investors into DeFi and Crypto. Compared to DeFi tokens, they are less risky options, especially in bear markets.”
New era of DeFi emerging?Copy link to section
Tranchess offers an unrivalled system with various risk-return alternatives by adopting the strengths of conventional finance and continuously bringing innovations. The objective is to simplify yield generation for retail and institutional investors.
As a BNB Chain validator, Tranchess has introduced an income stream to the protocol to increase users’ return on crypto assets.
Moreover, Tranchess adheres to stringent security and hosting criteria in addition to maintaining stable liquidity, as the BNB blockchain has a total-value-locked (TVL) of $8.83 billion, which is second only to Ethereum (ETH).
With other notable DeFi systems like Cake DeFi standing at alert and Tranchess introducing new advancements, we may be entering a new age of DeFi.