Welcome to Tranchess V3, your gateway to enhanced yield optimization for staked ETH. This user guide will walk you through the key features and functionalities of Tranchess V3, empowering you to maximize your earnings potential in the world of LSDFi.
1. Getting Started
To begin using Tranchess V3, follow these simple steps:
- Connect your Wallet: Start by connecting your Ethereum-compatible wallet to the Tranchess V3 platform. We support popular wallets such as MetaMask, Rabby Wallet, and WalletConnect.
- Deposit Staked ETH: Deposit your staked ETH tokens (stETH or wstETH) into the Tranchess V3 platform to start earning extra yield.
2. Understanding Tokens
Tranchess V3 introduces several new tokens with unique functionalities:
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- staYETH (Stable Yield ETH): Lock in your staked ETH returns at a fixed percentage 365 days in advance, providing stability and predictability to your earnings. Besides splitting wstQUEEN, users can also swap for staYETH directly with their stETH or wstETH with our built-in AMM pool.
- turYETH (Turbo Yield ETH): Earn enhanced leveraged staking returns when the actual ETH staking rewards exceed the locked APR of staYETH. Besides splitting wstQUEEN, users can also swap for turYETH directly with their stETH or wstETH with our built-in AMM pool.
3. Splitting and Merging Tokens
- Splitting wstQUEEN: Divide wstQUEEN into staYETH and turYETH tokens at a 9:1 ratio, allowing you to allocate your assets according to your preferred yield strategy.
- Merging Tokens: Merge staYETH and turYETH tokens back into wstQUEEN as needed.
Here’s an example to help you understand better:
Assume right now 1 wstETH = 1.2 stETH, which means 1 wstQUEEN = 1.2 stETH = 1.2 ETH.
When splitting, 1 wstQUEEN would become 1.2/109= 1.08 staYETH and 1.2/101=0.12 turYETH.