🔥 [ANN] Benchmark Protocol: Supply Elastic Collateral and Hedging Device 🔥

[Benchmark Protocol]

.About Benchmark Protocol.
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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. 000000000000000000000000000000000000000000000000000000000000 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.

0000000000000000000 Stability 0000000000000000000000000000000000 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 0000000000000000000000000000000000 When S&P 500 Futures react to implied volatility, collateralized utilities undergo supply shock in parallel to the CBOE Volatility Index (VIX).

Liquidity 0000000000000000000000000000000000 Spikes in the VIX increase token supply in the Benchmark Protocol. This correlation in activity reduces the impact of liquidity events.

.Global Impact.
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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.

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SDR Breakdown 0000000000000000000000000000

.An Uncorrelated Asset.
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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. 000000000000000000000000000000000000000000000000000000000000000 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.

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.Non-Dilutive.
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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. 00000000000000000000000000000000000000000000000 The Enterprise: Benchmark Protocol Network Exposure is always Non-Dilutive.

.Network Security.
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00000000000000000000000 Audited 0000000000000000000000000 The Benchmark Protocol Smart Contract has been audited by "CertiK". .View here.

Secured 000000000000000000000 We incentivize researchers with bug bounties to audit our software.

Tested 0000000000000000000000 Our software is routinely tested with the help of the developer community.

.Partners and Collaborators.
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.Social Media.
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.Important Links.
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[Benchmark Protocol]

Reserved for updates!

[danglongbtc]

This is good indeed. The concept of SDR is kind of new and I don't understand the total supply part. As it is based on SDR, total supply will be varied so wouldn't $MARK value be volatile to a great extent?

[Benchmark Protocol]

This is good indeed. The concept of SDR is kind of new and I don't understand the total supply part. As it is based on SDR, total supply will be varied so wouldn't $MARK value be volatile to a great extent?

The SDR is just a basket of 5 currencies. The supply adjusts when the market price of mark differs from the price of 1 SDR ($1.42 USD). So, if we are far from peg, the rebase adjustments will be more.

[Benchmark Protocol]

📢Benchmark Protocol Meme War is #Live

• Top 5 entries will win $MARK tokens
• Contest commences today and will end on 1/25
• More details: link.medium.com/Xkj56pEJXcb

On your MARK, Get Set, Meme! 🥳🎉

https://twitter.com/benchmark_defi/status/1348650615401017346

[CryptoSamm]

When was this project launched?