Case Study: Tranchess X BNB Chain X Chainlink

Below is an interview with Danny, co-founder of Tranchess.

**What is unique about Tranchess as a platform? **

Tranchess is a protocol on BNB Chain and Ethereum. It is an asset tracking management protocol that provides users with different risk returns. Users who hold BNB, BTC, ETH or stablecoins such as BUSD/USDC can find the most suitable products for them according to their risk appetite and expected returns. We have liquidity staking capabilities on both chains and aim to be the first in the offering of liquid staking services and structured products.

Our vision is to combine the best of traditional finance with the flexibility and efficiency of DeFi. We believe that our innovative products can not only provide sustainable long-term returns, but also provide users with the correct risk stratification and diversification solutions. We do not differentiate any type of user, but provide suitable products and solutions for all users.

DAO: We are also building a TCC (Tranchess Community Counsel) team, which originated from our Tranchess Trooper of the Month team, and is actively exploring the most effective way to achieve DAO governance.

**What are the unique advantages of developing on BNB Chain? Why choose BNB Chain? **

BNB Chain is known for its high performance and reliability, which is our primary focus. BNB Chain is backed by a strong ecosystem and is the smart contract blockchain with the most daily active users in the world. As a result, Tranchess can continuously get millions of exposures and potential partners. The previous success of many crypto projects on BNB Chain also gives us full confidence in this direction.

In addition, as one of the validators of BNB Chain, Tranchess values the continuous efforts made by BNB Chain. As a top POS (Proof-Of-Stake) chain, this chain provides a very active and powerful blockchain network. The rapid and continuous growth of the ecosystem directly translates into strong demand and support for validators, which in turn realizes stable and high income for validators.

**How does BNB Chain benefit Tranchess? **

I think the first thing must be low gas fees and low transaction latency on the chain-both of which are basic elements that every project will consider, especially DeFi projects like ours. In addition to low gas fees, BNB Chain also has a good gas subsidy program, which I think is significant for new projects in the early stages.

No matter in terms of technology or community, BNB Chain provides a friendly environment for start-up projects. Its Kickstart program incorporates most of the development tools and external service providers each project might need before and after launch. It covers DeFi, NFT, GameFi and other fields, which allows the core team to focus on developing and improving the functions of the project without worrying about trivial matters. I don’t think I need to dwell on BNB Chain’s community - they have always been helpful.

**Are there any technical features or products of BNB Chain that Tranchess is excited about? **

In addition to everything mentioned above, there are two I’m really looking forward to: BNB Greenfield and opBNB.

BNB Greenfield is essentially a decentralized data storage system where users can store, exchange and own data, thereby realizing a new data economic system in the existing powerful BNB Chain ecosystem. More important is the timing of this release. With AI and big data computing getting more and more attention every day, a powerful data storage system has never been more important, so I really believe that a stable and highly available decentralized data storage system will help the district Blockchain projects add new functionality and achieve greater efficiency.

And opBNB is the Layer-2 solution of the BNB Chain that everyone has been discussing for a while. The average gas fee is only $0.005, and the TPS is 4K. My team and I are looking forward to seeing how this technology can help the protocol optimize technical performance.

**Where can developers and project parties learn more about developing on BNB Chain? **

For anyone interested in the BNB Chain, here are some links that might come in handy:

a/hackvolution

**What is the background of the team members? **

Tranchess team members have diverse experiences and backgrounds - from tech giants like Microsoft, Facebook, Google to investment banks like Morgan Stanley, UBS, BNP Paribas, etc. Many of our C-Suite members come from investment banks, asset management companies and hedge funds, and our CTO is particularly experienced in the network security of centralized encryption exchanges and DeFi protocols. In terms of location, team members are “decentralized” distributed in the United States, Europe, and Asia.

Many of us have dabbled in the crypto space since early 2017. We want to be the gateway between traditional finance and DeFi, and serve as the first stop for many people entering the DeFi world, and we believe the synergy of this diverse team is what helps us achieve this goal.

**How does Chainlink work with Tranchess? **

We choose Chainlink to provide price data during our daily settlement process. Because a smooth and stable price feed is a prerequisite for settlement. Chainlink Price Feeds is known for its broad market coverage and stable oracle performance during periods of extreme market volatility and network congestion, so it was a natural choice for Tranchess.

We also integrated Chainlink Automation last year because it automates important tasks that need to be performed frequently through smart contracts. As a sophisticated smart DeFi protocol, Tranchess leverages the full suite of conveniences offered by Chainlink Price Feeds and Chainlink Automation.

**Why choose to integrate Chainlink? What makes Chainlink unique in the BNB Chain ecosystem? **

When it comes to price oracles, we hope to choose a decentralized, stable, reliable and market-proven product. Chainlink Price Feed meets these requirements and provides reliable data for our daily settlement.

Daily settlement in the Tranchess protocol is a daily but important operation and involves a series of transactions. The combination of Chainlink Automation and the BNB Chain ecosystem allows us to run this daily operation with low gas fees in a stable and secure manner.

**What specific key outcomes has Tranchess achieved (user growth, new markets, liquidity, total value locked TVL, engineering time saved, etc.)? **

Tranchess has been the annual MVB (Most Valuable Builder) protocol on the BNB Chain since its launch, and has recently expanded to Ethereum through ETH liquid staking products.

As a frequently reported DeFi protocol in mainstream news, we will continue to strive to be a one-stop solution for anyone new to crypto.

**What are your long-term goals for Tranchess? How will it fit into the future of Web3? **

When you first hear about our long-term goals, you might think we are ambitious. But in fact, it was the inspiration of many team members that drove us into the crypto world: we want to be the gateway between traditional finance and DeFi, and make Tranchess a one-stop solution for any new DeFi user, that is, anyone new to DeFi Anyone can experience one or more of the key DeFi features, whether it’s liquid staking, stablecoin yield, or leverage.

As we move into a web3 future, the lines between traditional finance and DeFi will blur. What will ultimately stand out will be solutions that meet users’ individual asset management needs. Tranchess certainly wants to be one of the best of them.