Tranche Monthly Rundown: May 2021
Building-out the Tranche Protocol
May was a busy month for Tranche. In addition to launching on Mainnet with the Compound integration, we’ve deployed the AAVE Polygon integration test-net. Also in May, we announced our second Tranche Improvement Proposal (TRIP-002). The vote is ongoing and users are voting on whether or not to add additional SLICE staking pools with different lock-up periods. Finally, our community continues to expand, with very promising growth.
Protocol Highlights
Staking amounts and TVL have grown significantly over May, even while a lot of features are still being tested and debugged.
Development Updates
May was a good month to #BUIDL. Our core set of contracts is live on the Ethereum main-net with upcoming features being tested on Kovan.
Tranche Main Net is Live
We successfully launched Tranche V.1.0 on May 19, 2021. The Tranche Finance contracts have been deployed on the Ethereum — mainnet. Contracts can be found in this repository. Users can now manage risk or maximize yield by depositing USDC or DAI to different tranches on the platform.
Polygon Integration (Test Net)
Tranche is close to implementing Polygon as our layer 2 solution on the platform in order for users to experience lower gas fees when buying and selling tranches. Our relationship with the Polygon team isn’t limited to a technical aspect and we are keen to collaborate on marketing campaigns soon.
Solvency Incentive Ratio (SIR) Implementation (Test Net)
In order to maintain solvency of Tranches, SLICE rewards are distributed to direct volumes as needed. This mechanism is currently being tested-out and will be implemented in the coming weeks. For more information on SIRs, read the SIRS Documentation.
Governance Updates
In April, Tranche governance kicked-off and we’ve kept the momentum going.
Our Second TRIP is Live
There is an ongoing vote to adjust the current SLICE staking pool structure by introducing additional lock-up periods (e.g. 1 month, 6 months, 1 year). The new time-locked pools would start on June 12, 2021. Existing staking pools will be reduced to account for the additional SLICE required by the new pools. You can visit our snapshot page to learn more about the vote and outcome.
First TRIP Highlights
On April 30th, 2021, the community voted to Extend / Adjust Staking SLICE Incentives. The proposal was well-received with the vote passing unanimously with 5.54MN SLICE (or SLICE LP /Staked SLICE). The proposal was subsequently implemented and deployed by the team.
Social Channel Growth
As we rolled out Tranche Mainnet, we experienced tremendous support from the DeFi community. We’ve reached +10,000 Twitter followers, +4,000 Discord members, and +2,000 YouTube subscribers. Our focus is now on converting new social media followers into Tranche users, governance members, and stakers.
Aside from that, we have listed Tranche Finance on Coinmarketcal, Dapp Radar, Cointelegraph Dapp directory, and Dapp.com to reach more relevant users, increase brand awareness, and encourage DeFi degens to be part of the Tranche community!
Upcoming: Gate.io Contest and Chinese Community AMA
The Tranche team will host a SLICE trading competition. Users will be given the change to win over 20,000 USD in prizes. The Gate.io team will also host an AMA session between their exchange community and our COO and Co-Founder, Talal Tabbaa.
We aim to explain how our users can maximize returns through crypto CDOs and SLICE staking pools. We also hope to receive feedback on how to improve the Tranche platform.
Upcoming: DeFi Alliance Membership
We’ve applied to become an official member of the DeFi Alliance. It will pave the way for new integration opportunities for Tranche Finance (market makers, liquidity providers, etc.). Their network includes VCs, trading firms, and DeFI founders as well. Aside from connecting with market makers and liquidity providers, we are also aiming to develop relevant marketing and commercial partnerships.
Tranche Resources:
- Website: https://tranche.finance/
- Documentation: https://docs.tranche.finance/
- Discord: https://discord.com/invite/Nv44PTdF3K
- Twitter: https://twitter.com/TrancheFinance
