A step-by-step guide to the asBNB.
1. Getting Started
To begin, follow these simple steps:
- Choose the correct network: Tranchess asBNB 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
- asBNBQUEEN: Swap asBNBQUEEN 1:1 with asBNB. Every asBNBQUEEN can be split into 0.1 turPasBNB and 0.9 staYasBNB. Similarly, every 1 turPasBNB and 9 staYasBNB can be merged into 10 asBNBQUEEN. The ratio is always 1⇌0.1+0.9.
- asBNBQUEEN earns AU points just like asBNB. However, you can DOUBLE the multiplier with just one extra step and no slippage or loss of any kind: splitting asBNBQUEEN into turPasBNB and staYasBNB. There is no fee for split/merge.
<aside>
📢
Since asBNB has a built-in AU point multiplier of 5x, all the Tranchess multipliers are built on top of the 5X ratio. i.e., just like asBNB, asBNBQUEEN earns 5X AU points. By splitting QUEEN and doubling the multiplier, the split turPasBNB and staYasBNB combined will earn AU points at 10X (5X doubled).
</aside>
- staYasBNB (Stable Yield asBNB): Short for "Stable Yield asBNB", staYasBNB earns a fixed interest of 20%. Don't confuse the fixed APR with the staking yield. The staking yield paid to asBNB holders is separate from the fixed yield and will not be affected.
- You can swap staYasBNB back to asBNB anytime you want, or hold it until the fund ends, when all staYasBNBs can be converted back to asBNB.
- staYasBNB doesn't earn any AU points.
- staYasBNB doesn’t earn any HODLer airdrops or Megadrop rewards.
