Turbo
Last updated
Last updated
Turbo token symbols start with turP, which is short for "Turbo Points". Turbo is designed to turbocharge your speed of earning points for the underlying assets. With an innate leverage of 10 and a bonus multiplier from the underlying asset, Turbo can boost points earning to the max.
Turbo gets all the point shares allocated to Stable, in return, it pays Stable a fixed interest rate as cost. You can swap Turbo back to underlying assets anytime via our Swap function or hold it until the fund ends, when all Turbo tokens will be converted back to the underlying assets based on their fair value.
Tranchess rebates 3% of Turbo points to veCHESS holders. Tranchess receives the 3% in two different ways based on the feedback of the collaborating project teams:
Tranchess would receive points equivalent to 3% of all Turbo points rewards from the project team. The 3% is additional to points allocated to Turbo holders.
This applies to slisBNB Fund 2 and SolvBTC.BBN Fund.
Tranchess would charge 3% of all Turbo points allocated to Turbo holders as a protocol fee.
This applies to STONE Fund 2 and weETH Fund.
All points will be rebated 100% to all veCHESS holders on the corresponding chain of the fund in a similar manner to the regular weekly protocol rebate. (i.e., STONE Fund 2 is on Scroll; thus, the 3% STONE points Tranchess charges will be rebated to all veCHESS holders on Scroll.) The exact date and schedule are subject to each project team's own points distribution plan. Tranchess will announce the details respectively when they are clear.
Check the price you are swapping at. Turbo could be trading at a premium or discount, depending on market demand. However, you will always redeem your Turbos at fair value when the fund reaches maturity, NOT the market price. Check here for a full explanation of Fair Value v.s. Traded Price.
| Fund underlying | Token name | Multiplier |
|---|---|---|
STONE | turPSTONE2 |
|
SolvBTC.BBN | turPSBBBN | 140X |
slisBNB | turPLBNB2 | 20X |
weETH | turPWEETH |
|
