A step-by-step guide to the SolvBTC fund.
1. Getting Started
To begin, follow these simple steps:
- Choose the correct network: Tranchess SolvBTC Fund is deployed on the BNB Chain.
- Connect your wallet: Start by connecting your BNB Chain-compatible wallet to the Tranchess platform. We support popular wallets such as MetaMask, Rabby Wallet, and WalletConnect.
- BNB for gas: You need some BNB on BNB Chain for the gas fee.
2. Understanding the Tokens
- sbtcQUEEN: Swap sbtcQUEEN 1:1 with SolvBTC. Every sbtcQUEEN can be split into 0.1 turPSBTC and 0.9 staYSBTC. Similarly, every 1 turPSBTC and 9 staYSBTC can be merged into 10 sbtcQUEEN. The ratio is always 1⇌0.1+0.9.
- sbtcQUEEN does not earn Solv points (XP). However, you can double the multiplier into 10x with just one extra step and no slippage or loss of any kind: splitting sbtcQUEEN into turPSBTC and staYSBTC. There is no fee for split/merge.
- staYSBTC (Stable Yield SolvBTC): Short for "Stable Yield SolvBTC", staYSBTC earns a fixed interest of 8%. Don't confuse the fixed APR with the staking yield. The staking yield paid to SolvBTC holders is separate from the fixed yield and will not be affected.
- You can swap staYSBTC back to SolvBTC anytime you want, or hold it until the fund ends, when all staYSBTCs will be converted back to SolvBTC.
- staYSBTC doesn't earn any Solv points.
- turPSBTC (Turbo Point SolvBTC): Short for "Turbo Point SolvBTC," turPSBTC turbocharges your speed of earning SolvBTC points. With an innate leverage of 10 and a bonus multiplier of 10 from Solv, turPSBTC earns Solv points at a 100x rate.
- You can swap turPSBTC back to SolvBTC anytime you want, or hold it until the fund ends, when all turPSBTCs will be converted back to SolvBTC.