cryptodemystified Posted December 24, 2020 Report Share Posted December 24, 2020 Β About Benchmark Protocol β¬β¬β¬β¬β¬β¬β¬β¬β¬ Β Β 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. Β The DeFi space needs a collateral utility that retains its efficacy and increases inherent, baseline liquidity during periods of high volatility. Β Benchmark Protocol is uncorrelated to crypto market price movements, making it an ideal hedge. Β Β 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). Β Β Supply When S&P 500 Futures react to implied volatility, collateralized utilities undergo supply shock in parallel to the CBOE Volatility Index (VIX) Β Β Liquidity Spikes in the VIX increase token supply in the Benchmark Protocol. This correlation in activity reduces the impact of liquidity events. Β Global Impact β¬β¬β¬β¬β¬β¬ Β 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. Β SDR Breakdown Β Β Β Β Β An Uncorrelated Asset β¬β¬β¬β¬β¬β¬β¬ Β Β 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. Β 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] Β Non-Dilutive β¬β¬β¬β¬ Β 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. Β The Enterprise: Benchmark Protocol Network Exposure is always Non-Dilutive. Β Network Security β¬β¬β¬β¬β¬β¬ Β Β Audited The Benchmark Protocol Smart Contract has been audited by "CertiK".Β [VIEW HERE] Β Β Secured We incentivize researchers with bug bounties to audit our software. Β Β Tested Our software is routinely tested with the help of the developer community. Β Partners and Collaborators β¬β¬β¬β¬β¬β¬β¬β¬β¬ Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Social Media β¬β¬β¬β¬β¬β¬ Β GITHUBΒ β¦Β TWITTERΒ β¦Β DISCORDΒ β¦Β TELEGRAMΒ β¦Β MEDIUM Β Important Links β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬ Β WHITEPAPERΒ |Β LITEPAPERΒ |Β LAUNCHPADΒ |Β CONTACT Link to comment Share on other sites More sharing options...
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