What is Tranche Finance (SLICE) Complete Guide Review About Tranche Finance

About Tranche Finance (SLICE)

Tranche Finance (SLICE) is a decentralized protocol for managing risk and maximizing returns. The protocol integrates with any interest accrual token, such as Compound’s cTokens and AAVE’s aTokens, to create two new interest-bearing instruments, one with a fixed-rate, Tranche A, and one with a variable rate, Tranche B.

Users can deposit USDC and Dai into Tranche A and receive a fixed-rate return, or deposit into Tranche B and receive variable returns that are higher than the underlying protocol. SLICE holders and liquidity providers can lock-up their SLICE and SLICE-LP tokens to earn additional rewards distributed on weekly, monthly, bi-annual and annual schedules.

Idex Storage Key Points

Coin BasicInformation
Coin Name Tranche Finance
Short Name (SLICE)
Circulating Supply20,000,000.00 SLICE
Total Supply20,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

Voting Using SLICE or SLICE-LP Tokens

SLICE holders dictate the direction of the protocol. Holders can vote on adjusting protocol parameters, introducing new pairs, integrating new protocols or allocating treasury funds.

1- Staking

A. SLICE/ETH and SLICE/DAI on Uniswap

By providing SLICE/ETH and SLICE/DAI on Uniswap, you are providing liquidity for the respective trading pairs, allowing existing additional participants to smoothly interact with ecosystem.

B. SLICE-LP and SLICE on Tranche

By providing SLICE-LP or SLICE tokens directly to the protocol, you are contributing directly to the safety and the sustainability of the protocol, by improving the liquidity and token economics of the supply.

2- Governance

SLICE is a governance token that enables community members to have a say in the direction of the protocol and its funds. Proposals and voting will take place on

SLICE Distribution

Tranche users are incentivized to use the platform by a supplemental APY paid in SLICE tokens. In addition, SLICE and SLICE-LP stakers are incentivized with SLICE on a weekly basis. These distributions are funded by the Treasury.

SLICE holders can vote on key parameters such as sliceRate (amount of SLICE distributed to tranche users) or stakingRewards(amount distrubuted in staking), to set the pace at which the Tranche Treasury rewards users and stakers.

Fee Collection & UniSwap Exchange

Tranche users incur a fee on withdrawing (0.5%). These are levied in the underlying digital asset (ETH, Dai, USDT, etc.). The Tranche Treasury aggregates these fees and exchanges them for SLICE on UniSwap. These tokens are then used for SLICE distributions.

Immunefi Bug Bounty

The bug bounty program is focused around its smart contracts and is mostly concerned with the loss of user funds, economic exploits, and smart contract security risk.

Rewards are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification System. This is a simplified 5-level scale, with separate scales for websites/apps and smart contracts/blockchains, encompassing everything from consequence of exploitation to privilege required to likelihood of a successful exploit.

All web and app bug reports must come with a PoC in order for consideration for a reward. All bug reports without a PoC will be automatically rejected with instructions to provide a PoC.

Payouts are handled by the Tranche Finance team directly and are denominated in USD. However, payouts are done in a mix of stablecoins and project tokens.

Understanding cTokens, aTokens and Others

cTokens and aTokens provide a mechanism to accrue interest just by holding a digital asset. These tokens are minted and redeemed when users deposit or withdraw a digital asset in Compound, Aave or other similar protocols. As the money market accrues interest, which is a function of borrowing demand, cTokens / aTokens become convertible into an increasing amount of the underlying digital asset. In this way, earning interest is as simple as holding a a token. These tokens effectively represent your balance, including interest.