RockX is excited to announce their latest partnership with Tranchess to bring liquid staking on Ethereum to their users. Through this partnership, RockX hopes to aid in the decentralisation of Ethereum as a Proof-of-Stake (PoS) chain by providing users with one more reliable ETH liquid staking option via the Tranchess protocol.
Liquid staking is a revolutionary decentralised finance (DeFi) product that allows users to stake crypto assets without needing to lock them up or freeze them by issuing representative tokens in exchange for the users’ staked tokens.
When staking with Tranchess, users will receive qETH, the liquid token for Tranchess liquid staking. Validator rewards will be accumulated as fair value of qETH and users can realise their returns in ETH upon exchanging qETH for ETH. More information can be found on Tranchess’ Docs page here.
In response to the growing interest in liquid staking, this partnership between RockX and Tranchess seeks to meet the needs of users who want to continue to grow their crypto assets while avoiding the typical pitfalls of staking and helping to decentralise the Ethereum blockchain.
RockX (https://www.rockx.com) is a global blockchain node network for staking, data, and security. The team is equipped with a wealth of experience in mining, staking, protocol research, and infrastructure design. In recent years, the company has built access node APIs for popular Layer 1 and 2 protocols for developers and helps companies seamlessly access and interact with blockchains.
With over USD 900 million worth of tokens staked, RockX is one of Asia’s leading staking platforms. Focusing on serving institutional and high net-worth clients globally to compound their returns on cryptocurrencies, RockX is always open to collaborating with synergistic partners & innovative Web 3.0 projects, ultimately helping to build the decentralised financial ecosystem.
Tranchess (https://tranchess.com/) is a yield-enhancing asset tracker protocol with liquid staking and structured products. Inspired by tranche funds’ ability to satisfy users’ varying risk appetites, Tranchess aims to provide a different risk/return matrix out of a single main fund that tracks a specific underlying asset. Tranchess launched its first fund in June 2021 and its validator staking solution for BNB in January 2022. It is now a leading protocol on the BNB Chain.