Description: The protocol integrates with any interest accrual token, such as Compound's cTokens, AAVE's aTokens and Yearns strategies, to create two new interest-bearing instruments, one with a fixed-rate, Tranche A, and one with a variable rate, Tranche B.
The Tranche app is currently integrated with Compound on Ethereum, Aave on Polygon, and Yearn on Fantom, offering two tranches for each listed asset. When you deposit an asset into the Tranche protocol, it is transferred automatically to the relevant protocol and starts generating yield instantly. In return, you receive a Tranche token that is redeemable, plus any yield generated, at any point - perpetually - back to the underlying asset that was deposited. The yield depends on the type of Tranche you deposit into, fixed Tranches give you a predictable rate, while variable Tranches depend on market conditions and the fixed Tranche deposits, so they might be significantly lower or higher. 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 (described here). While if you deposit DAI into Tranche B, you receive "Tranche B cDAI - BCDAI" tokens, in addition to any additional SLICE rewards if found.
To use Fantom markets, you will need to use the Fantom bridge to move your tokens from the Ethereum mainnet to the Fantom. After moving your assets to Fantom, you can buy different instruments on Tranche, trade on the Quickswap DEX, and explore other applications on the Fantom network.
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