Tranche Finance V1 Mainnet Launch

Manage your risk or maximize your yield by depositing DAI or USDC into the different tranches on the platform.

We’re excited to announce that the Tranche Finance contracts have been successfully deployed on the Ethereum-mainnet. You can check out all the contracts in this repository.

The Tranche Ecosystem

The Tranche ecosystem is made up of three main modules: Tranche, Stake, and Governance. While Stake and Governance have already gone underway through the initial incentives program and the protocols first successful proposal, the Tranche app is finally deployed on mainnet and ready for user deposits.

• Tranche is an app that integrates with other DeFi protocols such as Compound and Aave, slicing yield-generating assets into two assets: a fixed-rate asset and a variable-rate asset, namely Tranche A and Tranche B tokens. How the Tranche App works is found below.
• Stake allows community members to lock their $SLICE tokens and SLICE Liquidity Provider tokens for rewards. Learn more about staking here.
• Governance is the voting mechanism on the tranche Protocol. This allows $SLICE holders to propose and vote on Tranche Improvement Proposals (TRIPs). See Governance & Voting for more information on using the Governance Module.

The Tranche App

The Tranche app is currently integrated with the Compound protocol, offering two tranches for each of the following assets: DAI and USDC. After depositing an asset into the Tranche protocol, the asset is transferred to Compound, receiving the yield-generating cTokens from the protocol. cTokens are further split into two tokens: Tranche A and Tranche B.

For example, if you deposit DAI into Tranche A, you receive “Tranche A cDAI — ACDAI” tokens that guarantee you the displayed fixed rate, in addition to any additional SLICE rewards. While if you deposit DAI into Tranche B, you receive “Tranche B cDAI — BCDAI” tokens, that give you the outstanding interest after Tranche A has been paid, plus SLICE rewards.

On the Tranche App, you can see the different assets that are currently integrated under their respective protocol pages. For now, Compound is live, while the L2 markets on Aave are coming soon! For a more detailed guide on buying and selling Tranche Tokens, check out our documentation.

On each Tranche assets, you can see the Net APY that you will be receiving, this is calculated by combining the Tranche APY and the SLICE APY(coming soon!). You can also view the total deposits that are currently in the Tranche and your available balance of depositing or withdrawing.

By expanding each Tranche asset, you will see additional details that can help you make a decision on depositing in either Tranche. You can see the natural APY of the base asset (in this case, cDAI), the Tranche APY (fixed or variable), the SLICE APY, and the exchange rate of the Tranche Token versus the deposit asset. (In the screenshot above: 1 Tranche A cDAI (ACDAI) = 0.02759 DAI).

Security

The Tranche App has been audited by two different companies: Blaize Tech and 21 Analytics, in the coming months, we’ll be looking to get more audits to ensure the safety of our contracts.

Needless to say, community feedback and developer engagement are high priority items for the Tranche Team. And that is why we are launching a bug bounty with Immunefi starting Thursday, May 19th, so stay posted for details!

Thank you for your continued support! You can now invest in Tranches, stake your $SLICE, and vote or submit protocol proposals.

Follow and discuss the Tranche Protocol on Discord, or just jump in to let us know if you have any questions!