PancakeSwap Welcomes Back Tranchessl to Syrup Pool!

CAKE holders, today we are very happy to be able to offer you a new Syrup Pool from Tranchess, a yield enhancing asset tracker with varied risk-return solutions.

What is Boost?

Boost is basically an increase in farm multiplier over a set period of time, which is offered in exchange for additional tokens from the boosted project, which are then put into a new Syrup Pool!

So basically, CHESS-USDC will go to a 1x multiple, which will last for 7 days, and only cause temporary dilution among the other farms, and at the same time, there will be a new CHESS Syrup Pool with $500k of tokens, to be earned by staking CAKE.

The Syrup Pool:

Stake CAKE tokens to earn CHESS tokens!

• Total Tokens: 148,810 CHESS
• Distribution duration: 60 days
• Start block: #10874200 (approx. 9am UTC on September 13th)
• Finish block: #12602200 (approx. 9am UTC on November 12th)
• Token rewards per block: 0.0861 CHESS

Max Stake per wallet:

100 CAKE for the first 48 hours, then unlimited CAKE staking afterwards.

To give as many CAKE holders the opportunity to Farm some juicy pool rewards at a high APY, we will have a 100 CAKE token cap staking limit per user for the first 48 hours.

What is Tranchess?

Tranchess is a yield enhancing asset tracker with varied risk-return solutions. The protocol seeks to provide a risk/return matrix from a single main fund, known as QUEEN, which tracks a specific underlying crypto asset.

Launched on BSC on June 24th, its first fund allows BTC holders to earn extra yield via QUEEN creation. In addition, the fund attempts to serve a variety of clients with different risk tolerances-- users may split QUEEN into BISHOP, a USDC-denominated low-risk tranche, and ROOK, a leveraged tranche for BTC exposure. CHESS is Tranchess’ governance token.

Tranchess’ seed-round investors include Three Arrows Capital, Spartan Group, Binance Labs, LongHash Ventures, IMO Ventures etc.

To learn more about Tranchess, the chefs advise you to visit their official communication channels:

• Website: https://tranchess.com/
• Twitter: https://twitter.com/tranchess
• Telegram: https://t.me/tranchess
• Medium: https://tranchess.medium.com/

How do you stake CAKE to earn CHESS rewards?

If you own CAKE tokens, congratulations! You’re the master of your … pancakes. Time to step up your taste buds by learning how to stake CAKE with Syrup Pool.

• Visit this webpage: https://pancakeswap.finance/syrup
• Click “Approve CAKE” on the CHESS Syrup Pool
• Click on the stake button.
• Confirm the transaction.

BEP20 CHESS will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your CHESS tokens and trade on PancakeSwap at any time!

BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀

The official CHESS token contract address on Binance Smart Chain is: https://www.bscscan.com/token/0x8443f091997f06a61670b735ed92734f5628692f

Any other CHESS token will be a scam and will result in a financial loss for users. Do not buy tokens from any other token address. Always verify the token address before purchasing tokens. If you receive airdrops from another address for CHESS tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.