cryptodemystified Posted December 24, 2020 Share Posted December 24, 2020 About Benchmark Protocol ▬▬▬▬▬▬▬▬▬ Benchmark Protocol is a Supply Elastic Collateral and Hedging Device, Driven by the Volatility Index. The protocol operates as a rules-based utility that dynamically adjusts supply based on the CBOE volatility index (VIX) and deviations from the target metric - equal to 1 Special Drawing Rights (SDR)unit. Employing the SDR creates a larger use case rather than exposure to just one currency; the application of this creates a larger user base and delineated exposure to markets around the world. The DeFi space needs a collateral utility that retains its efficacy and increases inherent, baseline liquidity during periods of high volatility. Benchmark Protocol is uncorrelated to crypto market price movements, making it an ideal hedge. Stability The MARK token is pegged to the world's most stable currency (the SDR). Supply rebalances are smart and fast, derived from the Volatility Index (VIX). Supply When S&P 500 Futures react to implied volatility, collateralized utilities undergo supply shock in parallel to the CBOE Volatility Index (VIX) Liquidity Spikes in the VIX increase token supply in the Benchmark Protocol. This correlation in activity reduces the impact of liquidity events. Global Impact ▬▬▬▬▬▬ The MARK Token augments supply based on the Special Drawing Rights (SDR). The SDR is a composite international reserve asset, comprised of the U.S. Dollar, Euro, Great British Pound, Chinese Yuan, and Japanese Yen. SDR Breakdown An Uncorrelated Asset ▬▬▬▬▬▬▬ Collateral needs Liquidity The Benchmark token (MARK) is a supply-elastic, collateral utility designed to inject liquidity during periods of high volatility in correlation with global equities markets. Liquidity needs Collateral When the MARK token reaches the yield phase, the network is capitalized and utilized to assume quasi-steady state conditions. The implied value of the MARK token is its yield-bearing value arising from its collateral utility.[/td] Non-Dilutive ▬▬▬▬ Your Network Share: Holders of MARK tokens always maintain their equity stake, or share of the Network, in the Benchmark Protocol no matter what conditions strike the markets. The Enterprise: Benchmark Protocol Network Exposure is always Non-Dilutive. Network Security ▬▬▬▬▬▬ Audited The Benchmark Protocol Smart Contract has been audited by "CertiK". [VIEW HERE] Secured We incentivize researchers with bug bounties to audit our software. Tested Our software is routinely tested with the help of the developer community. Partners and Collaborators ▬▬▬▬▬▬▬▬▬ Social Media ▬▬▬▬▬▬ GITHUB ✦ TWITTER ✦ DISCORD ✦ TELEGRAM ✦ MEDIUM Important Links ▬▬▬▬▬▬▬▬▬▬ WHITEPAPER | LITEPAPER | LAUNCHPAD | CONTACT Link to comment Share on other sites More sharing options...
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