fundraising-project

This article delves into the innovation of Tranchess, a Decentralized Finance project. The article introduces how Tranchess provides diversified investment options for investors with different risk preferences through structured fund design and the Turbo&Stable model. At the same time, the article also analyzes in detail the operation mechanism of Tranchess's STONE fund, as well as the important roles of CHESS and veCHESS in the entire ecosystem. Through these innovations, Tranchess demonstrates its unique advantages and development potential in the field of Decentralized Finance.

Verbal commentary on a chess game, discussing moves made and strategies considered. Expresses surprise, evaluates positions, and reflects on gameplay frustrations.

Tranchess, a veteran player in the DeFi track, playing with the concept of leveraged funds, has been continuously improving its ability to traverse cycles around asset management in the past few years, and has joined the narrative wave of Liquidity stake.

Old players and new concepts come together again.

On June 29, a Polkadot community member released the Polkadot Treasury Operations Report for the first half of 2024, with a total expenditure of 87 million US dollars. At the current spending rate, these reserves will only be enough to support the Polkadot Treasury for another 2 years. Related reading: 'Half-year spending of $87 million, the treasury budget is only enough to support for another 2 years, what should we do after Polkadot?' Surprisingly, Polkadot spends $37 million on promotion, which accounts for the majority of the treasury expenditure. Among them, advertising costs $21 million, including sponsorship of $10 million, marketing and public relations companies of $4.9 million, digital advertising of $4 million. Activity expenses cost $7.9 million, including activity expenditure of $4.5 million, business development of $3.9 million, and media production of $3.2 million.