PancakeSwap Welcomes Tranchess to Syrup Pool!

CAKE holders, today we are happy to be able to offer you a new Syrup Pool from Tranchess, a chess-themed decentralized finance (DeFi) asset management platform.

The Syrup Pool:

Stake CAKE tokens to earn CHESS tokens!

• Total Tokens: 740,740 CHESS
• Distribution duration: 60 days
• Start block: 9082800 (approx. 5am UTC on July 12th)
• Finish block: 10810800 (approx. 5am UTC on September 10th)
• Token rewards per block: 0.4286 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.

The Farm:

In order to host the CHESS Syrup Pool, we will need to provide a CHESS-USDC farm that will have 1x CAKE rewards for the first 48 hours and then 0.5x CAKE rewards after that.

What is Tranchess?

Tranchess is a chess-themed DeFi Asset Management and derivatives trading protocol. 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/address/0x20de22029ab63cf9A7Cf5fEB2b737Ca1eE4c82A6

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.