The Multichain team announced via Twitter on Tuesday that it has integrated with Tranchess, a yield-enhancing asset tracker protocol with liquid staking and structured products. With the integration, Tranches users could quickly transfer both CHESS and veCHESS between BNB Chain and Ethereum.
Tranchess added that it adopted two main products from Multichain to realize the cross-chain purpose: Cross-chain Router for users’ CHESS cross-chain transfers and Anycall for veCHESS and weekly CHESS emission distribution across both chains.
Multichain, previously known as Anyswap, is a decentralized cross-chain swap protocol and bridge infrastructure. The Multichain platform supports multiple blockchains, which enables users to swap and bridge tokens across numerous chains on one platform.
MULTI, the native token of the Multichain ecosystem, is down by 3.5% in the last 24 hours and currently trades at $3.68.