Tranchess is a tokenized asset management protocol that splits a main fund tracking an underlying asset (e.g., BTC) into two sub-tranches with distinct risk-return profiles. It leverages tranche fund mechanics to cater to varying investor risk appetites.

The protocol integrates DeFi features like yield farming, borrowing, lending, and trading. It serves as a one-stop platform for users seeking diversified risk exposure alongside traditional DeFi functionalities.