ETH staking opens up exciting opportunities for ETH holders to make their assets work for them. Now, with Tranchess V3, not only can staked ETH holders leverage their assets, but they can also earn additional yield effortlessly. For those deeply rooted in the ETH ecosystem, Tranchess V3 offers a platform to express your commitment and boost your returns as network activities increase.
The first staked ETH that V3 supports would be stETH/wstETH, and V3 comes with three new tokens: wstQUEEN, staYETH, and turYETH.
wstQUEEN: Exchange your wstQUEEN for wstETH at a 1:1 ratio. The exchange rate between wstQUEEN and stETH aligns with the one you find between stETH and wstETH.
wstQUEEN can be easily split into staYETH and turYETH proportionally. YETH, standing for 'Yield ETH,' offers exciting opportunities for maximizing your returns.
staYETH: Meet staYETH, your gateway to hassle-free ETH staking with a twist! Short for 'Stable Yield ETH,' staYETH lets you lock in your annual staking yield effortlessly, without any pesky lock-up periods. Use staYETH to stabilize your staking earnings and collect extra CHESS emission on top!
turYETH: Introducing Turbo Yield ETH, or turYETH for short. With turYETH, you can supercharge your ETH staking returns by tapping into the bustling transaction activities on the Ethereum network. Join the excitement! (and CHESS, of course!)
One AMM pool for BOTH YETH swaps: staYETH - wstETH
Extra CHESS and trading fees for liquidity providers.
Assume right now 1 wstETH = 1.2 stETH = 1.2 ETH.
1.2 stETH (or 1wstETH) ⇔1wstQUEEN