Benchmark Protocol is a supply elastic collateral and hedging device that revolves around the volatility index. Their token MARK allows for staking, governance voting, and yield farming via their incentivized liquidity pools.
Recent News Related to Benchmark Protocol:
Recently announced, the upcoming Benchmark Protocol P2P Marketplacewill be the first use case for a rebasing token ever. I think it's safe to say this token will not stay a hidden gem forever. This news comes ahead of Ampleforth (in terms of use case) and closing the gap (in terms of market cap) very quickly. Chainlink,Harmony,CAKE, are already whitelisted for launch.
The Marketplace will be a world-first cross-chain (Binance Smart Chain, Harmony, with more being added soon) P2P lending platform with no registration required. An additional yield farming strategy will be available to the entire DeFi space.
Benchmark recently announced that xMARK (ERC-20) is listed on Gate.io. This news brings Benchmark closer to the Asian DeFi community. xMARK is a representation of MARK which does not rebase. It is also a governance token similar to FORTH with a significantly smaller valuation.
The Press, Benchmark’s own yield farming platform, has a MARK-USDC pair with almost 300% APY, one of the highest in DeFi. A MARK-ETH Pair has a consistent 200% APY. On Pancakeswap, MARK-BUSD and xMARK-BUSD farms with a matching xMARK syrup pool are available for large APY farming with low transaction costs. If you haven't been keeing an eye on Benchmark.. now's the time.
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A Rebase token... Rebasing or elastic and a changing supply token. That is what the Benchmark Protocol’s MARK token is all about. It’s a concept that ever since Ampleforth deployed, has gained huge amounts of following and traction within the crypto space. Target prices and equilibrium is found by expansion or contraction in the supply of the token.
So how does Benchmark protocol improve upon this? Well first we need to understand ample and how it differs. In Ampleforth, the monetary protocol automatically adjusts the supply of AMPL across all user wallets based on price. This means the number of tokens owned changes based on market conditions. When the price is high wallet balances automatically increase. When the price is low wallet balances automatically decrease.
And Ampleforth is trying to track the US dollar, it's a stable rebase token, which creates a very specific inflation risk profile for the asset.
MARK has a global inflation risk profile, as it tracks itself to the SDR, or Special Drawing Rights, a unit of monetary account created by the IMF. Going to the IMF's website on the SDR it’s composed of 5 currencies, with different weights. The US Dollar, Euro, Chinese Yuan, Japanese Yen, and the Great British Pound, and as we can see as of yesterday, 1SDR, is about 1 dollar and 42 cents!
Benchmark Protocol is a supply elastic collateral and hedging device that revolves around the volatility index. Their token MARK allows for staking, governance voting, and yield farming via their incentivized liquidity pools.
The target price of 1 MARK is equal to 1 SDR, 1.42 cents right now. Deviation of the market price of MARK from the target SDR price triggers a supply adjustment or rebalance. This adjustment is applied as percentages over a dynamic smoothing period.
And now, here is where things get fun with the BenchMark protocol. Benchmark also rebases or adjusts by tracking the movement of the VIX volatility index on CBOE. The daily change in closing price of the VIX is layered into the rebalancing algorithm.
What is the VIX on the chicago board options exchange CBOE? The most frequently traded, exchange-listed volatility futures contract in the world built around the S&P500 & also known as the fear index. But you shouldn’t fear it, as it provides market participants the opportunity to trade their view of the future direction of the S&P 500 index. Up or down. If the VIX value increases, it is likely that the S&P 500 is falling, and if the VIX value declines, then the S&P 500 is likely to be experiencing stability.
So how does this affect MARK tokens? Well, when the VIX in traditional markets increases. The total supply of MARK increases. Increasing supply when traditional markets are down in the S&P. Why is this done? Well an increase in the VIX usually indicates an increase in selling pressure. If an asset is scarce during such periods, asset prices can be manipulated by a few bad actors. To counteract that risk, the protocol adds more units of supply.
Thus MARK adjusts the network supply, to meet the demand of the markets. The Markets need a stable asset when things are falling and it wouldn’t be good if the stable asset they needed wasn’t available!!
Mark and the benchmark protocol provides many benefits over other stablecoins and other rebase stable assets. Elastic, Global Currency Peg, no collateral, volatility adjusted rebase, inflation shielded, public team, and a fair launch!
Benchmark also has a liquidity mining program called the PRESS. Putting the stable assets to work! Two live and solid Uniswap LP pools, with crazy APYs of 250 percent plus. They have Balancer pools, with very respectable APYs too and even in app staking with Xmark.
Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page may contain sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.
DataDash Sees Benchmark Protocol as Part of the Next Altcoin Supercycle
Welcome to Watch Crypto! In this video, DataDash talks about Benchmark Protocol (MARK) and how the business development and partnerships being fostered by the crypto company are quite remarkable. It seems that the crypto industry has a sweet spot for rebasing currencies.
Benchmark Protocol is a supply elastic collateral and hedging device that revolves around the volatility index. Their token MARK allows for staking, governance voting, and yield farming via their incentivized liquidity pools.
Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page may contain sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.
Benchmark Protocol is a supply elastic collateral and hedging device that revolves around the volatility index. Their token MARK allows for staking, governance voting, and yield farming via their incentivized liquidity pools.
Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page may contain sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.
Ivan Shares Benchmark Protocol as a Hidden Gem | Ivan on Tech
Welcome to Watch Crypto! In this video, Ivan talks about Benchmark Protocol (MARK), along with Elrond (EGLD), and YFDai (YF-Dai).
Benchmark Protocol is a supply elastic collateral and hedging device that revolves around the volatility index. Their token MARK allows for staking, governance voting, and yield farming via their incentivized liquidity pools.
Recent Benchmark Protocol news:
Benchmark Protocol has announced the development of The Benchmark Marketplace, a lender-driven exchange for loan offerings. Borrowers can choose from different loan structures and receive a loan proportional to the provided collateral. The Marketplace is scheduled to be released in Q1 of 2021.
One of the first integrations will be a partnership with ForTube (FOR), one of the top DeFi lending platforms. FOR will be featured as one of the tokens to be whitelisted in the Benchmark Marketplace according to Benchmarks medium post.
Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page may contain sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.
Benchmark Protocol launches New Rebasing Token W/ Staking & DeFi Farming | by Voskcoin
Benchmark Protocol launched their MARK token, a crypto DeFi token on Ethereum made that you can stake, liquidity mine, and yield farm AND it's a rebasing token?! Let's review MARK token! View more from Voskcoin.
Benchmark Protocol is a supply elastic collateral and hedging device that revolves around the volatility index and their DeFi crypto token MARK which allows for staking, governance voting, and yield farming via their incentivized liquidity pools!
MARK tokens rebase, similar to Ampleforth and Yam Finance, however, MARK tokens are not pegged to the US dollar, Benchmark MARK tokens augment supply based on the Special Drawing Rights SDR which is a composite international reserve asset comprised of the US dollar, Euro, Great British Pound, Chinese Yuan, and the Japanese Yen.
So let's review Benchmark Protocol and if their MARK tokens will allow them to standout in this cryptocurrency bullrun largely revolving around decentralized finance!
Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page may contain sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.
Benchmark Protocol is a supply elastic collateral and hedging device, driven by the volatility index. In laymen's terms... Benchmark Protocol aims to be an uncorrelated hedge play that can be used to combat the price volatility in the crypto markets.
The Benchmark 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.
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.
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.
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
pikes in the VIX increase token supply in the Benchmark Protocol. This correlation in activity reduces the impact of liquidity events.
Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page may contain sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.
Benchmark Protocol is a Supply Elastic Collateral and Hedging Device, Driven by the Volatility Index.
The Benchmark 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.
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.
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.
An Overview
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
pikes in the VIX increase token supply in the Benchmark Protocol. This correlation in activity reduces the impact of liquidity events.
Milestones and Roadmap
Deploy to Testnet for Protocol Validation and Verification
Complete Formal Methods Audit of the Benchmark Protocol Smart Contract by "CertiK"
Deploy Audited Protocol Contracts to Ethereum Mainnet
Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page may contain sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.
Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page may contain sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.
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