BtcFi still has a lot to be explored, the other day @SolvProtocol and @babylonlabs_io have already launched on the BNBchain, which can at least be a two-in-one deal:
🔸Babylon 120x points and 0.3019% daily interest
🔸14.7% staking annual yield
🔸If participating in the LP, you can get 12x points and 39.6% annual yield.
✅Why is this the case? Let's take a look at Tranchess, which has been online on Binance for a long time, and what is its specific principle.
Tranchess is a tiered structure fund similar to Pendle, which allows interest-bearing tokens to be split into yield tokens and principal tokens.
The tokens entering the platform will be minted into the platform's native token QUEEN, and the assets with the suffix -QUEEN in the table above are the corresponding assets; while the ones with the prefix "stable-" and "turbo-" are the coins split from QUEEN.
The functions of each split coin are different, "stable-" is more inclined to users who prefer stable returns, so splitting the coins into "stable-" can get very high annual yields. "Turbo-" is a more aggressive asset, the platform will automatically add leverage, so it will provide users with points incentives from other platforms, which is aimed at users who dare to take risks.
🔸The capital will not be occupied for a long time, usually a few months. During this period, if you don't want to do it, you can merge the split funds back into -QUEEN at any time, and then exchange them back into the original token. The flow chart is as follows:
In addition to the above assets, Tranchess also has a platform token $CHESS, which was listed on Binance two years ago, and the contract was listed on Binance last month on the 30th, with the spot price rising 40% on the same day.
✅Let's see what benefits $CHESS holders can get?
🔸 $CHESS can be staked on the official platform to generate veCHESS. veCHESS holders can get the following benefits:
🔹As the old funds gradually mature, veCHESS users will receive a proportional share of the fund's fee income;
🔹As a governance token, 50% of the platform's weekly revenue will be distributed to all veCHESS users;
🔹3% of the points income from the Turbo & stable four funds will be fully returned to veCHESS holders. The Turbo & stable funds currently have 5 projects, including Stone, Ether.fi, Solv, ListaDao, and Lido, which means that holding veCHESS can get the points from these four projects.
✅ Summary
There are many DeFi projects on the BNB chain, each with different directions, but there are two projects that are the roots of DeFi, one is Lista Dao and the other is Tranchess. If you add one more, it might be Stakestone. One is doing stablecoins, one is doing long returns, and the last one is doing liquidity pooling. For a public chain, these four projects have solved most of the needs in DeFi, and they are all worth exploring in depth.
