QUEEN

QUEEN Token swaps 1:1 with the underlying. Every 1 QUEEN token can be split into 0.1 Turbo and 0.9 Stable. Similarly, every 1 Turbo and 9 Stable can be merged into 10 QUEEN. The ratio is always 1⇌0.1+0.9. There is no fee for splitting/merging or creating/redeeming.

Since QUEEN swaps 1:1 with the underlying, it usually earns 1X points as the underlying asset as well. However, certain projects might design their points system differently, so we encourage our users to always check the specific user guide of the funds for exact information.

Current QUEEN tokens and what they are earning:

How does splitting change the points-earning multiplier?

This applies to the funds that QUEEN earns 1X or no points on. We'll use STONE fund 1 for example here, but you can use this calculation to cross-check any Tranchess Turbo & Stable fund.

The calculation

stoneQUEEN earns 1x StakeStone points.

You can always merge turPSTONE and staYSTONE back into stoneQUEEN and redeem it back into STONE. There is no lockup period, no creation/redemption fee, and no split/merge fee.

Splitting is a slippage-free, hassle-free option to quickly boost your points earning. Because the split and merge ratio (1⇌0.1+0.9) is consistent and all tokens will be redeemed by their fair values upon maturity, if you convert the underlying asset into QUEEN, split QUEEN, and hold both till maturity, you will find that the total underlying asset you can redeem from Stable and Turbo is the same as the amount you initially used to create QUEEN.

Here is how you can double your QUEEN point earnings (using stoneQUEEN for example):

go to Primary Market. You will find the link under "Turbo & Stable".

Connect your wallet and put in the stoneQUEEN amount you want to split. (Our advice for maximized earnings is to split them all until you need to redeem them back to STONE.)

And that's it! The only cost during the process is the gas fee to approve the transaction. No extra action is needed. The turPSTONE and staYSTONE combo you get from splitting is generating a 2x-point earning for you now.
You can hold them till maturity or merge them back into stoneQUEEN and redeem them for STONE anytime you want to.

PreviousTurbo and Stable NextTurbo

Last updated 26 days ago

Fund underlying

Token name

Yield

How does splitting change the points-earning multiplier?

This applies to the funds that QUEEN earns 1X or no points on. We'll use STONE fund 1 for example here, but you can use this calculation to cross-check any Tranchess Turbo & Stable fund.

The calculation

stoneQUEEN earns 1x StakeStone points.

1 stoneQUEEN = 0.1 turPSTONE and 0.9 staYSTONE. While staYSTONE does not earn any points, turPSTONE earns 20x StakeStone points. If 1 stoneQUEEN earned 1 point, splitting it up will give you

0.1 *20+0.9*0=2

points. (We haven't even started counting in the fixed yield from staYSTONE yet.)

You can always merge turPSTONE and staYSTONE back into stoneQUEEN and redeem it back into STONE. There is no lockup period, no creation/redemption fee, and no split/merge fee.

Here is how you can double your QUEEN point earnings (using stoneQUEEN for example):

go to Primary Market. You will find the link under "Turbo & Stable".

Connect your wallet and put in the stoneQUEEN amount you want to split. (Our advice for maximized earnings is to split them all until you need to redeem them back to STONE.)

And that's it! The only cost during the process is the gas fee to approve the transaction. No extra action is needed. The turPSTONE and staYSTONE combo you get from splitting is generating a 2x-point earning for you now.

You can hold them till maturity or merge them back into stoneQUEEN and redeem them for STONE anytime you want to.