Tranchess · interactive mechanism simulation

Deposits mint QUEEN → QUEEN splits 50/50 into stable BISHOP and leveraged ROOK → their NAV ratio is checked against a band each tick → a breach triggers a protocol-wide rebalance instead of a liquidation. Edit the parameters and watch the band get tested.
Depositors BTCB / ETH / BNB QUEEN mother fund · 0.0 TVL CHESS staking 0 CHESS emitted Split contract 0 splits BISHOP NAV 1.000 stable tranche ROOK NAV 1.000 leveraged tranche Rebalance ratio 2.00 in band
QUEEN TVL
0.0 units
ROOK : BISHOP NAV ratio
2.00×
Rebalances triggered
0
CHESS emitted
0
Parameters — edit me
2.5%
2.0×
2.0×
0.50×
0.8/s
Controls

Illustrative simulation. Defaults mirror the researched Tranchess mechanism (50/50 QUEEN split, ~2.0×/0.5× NAV rebalance bands, no per-position liquidation), but deposit sizes, price path, and timing are randomized for visualization — not live onchain data. Drag the sliders to explore how the band gets tested. Part of The Onchain Experiment Atlas.