[ANN] Benchmark Protocol: Supply Elastic Collateral and Hedging Device
Posted: December 24th, 2020, 12:40 am
[size=15pt]About Benchmark Protocol[/size]
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.[/td][/tr][/table]
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.
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.
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"
Secured
We incentivize researchers with bug bounties to audit our software.
Tested
Our software is routinely tested with the help of the developer community.
Launchpad: https://launchpad.benchmarkprotocol.finance