DeFi Protocol Tranchess Meets Target to Become Binance Smart Chain Validator Node, Launches BNB Fund

DeFi Protocol Tranchess Meets Target to Become Binance Smart Chain Validator Node, Launches BNB Fund
Tranchess, an asset tracking DeFi protocol that prioritizes risk-managed solutions, announced that it has launched a BNB fund as a BSC validator, pivoting the protocol away from purely generating revenue from token emission (the creation and sale of new tokens).This BSC fund complements the existing BTC and ETH tracker funds, which offers moderate leverage for yield farming.Danny Chong, the co-founder of Tranchess, told CoinDesk that the BNB fund marks V2 of Tranchess citing the new income streams available from acting as a validator (rewards from the network are given to validators for processing and verifying transactions on a Proof of…