Description
Benchmark Protocol aims to revolutionize the DeFi space with its supply elastic collateral and hedging mechanism, utilizing the MARK token governed by Rebase mechanics. The protocol adjusts the supply of MARK tokens in response to changes in the Special Drawing Rights (SDR), a composite reserve made up of the U.S. Dollar, Euro, Great British Pound, Chinese Yuan, and Japanese Yen, aiming to mitigate volatility and ensure stable valuation. With features such as the Benchmark Marketplace for lending and borrowing, and integration with other DeFi protocols for yield farming, Benchmark Protocol seeks to enhance liquidity and offer a stable, elastic supply of its native token to counteract systemic risks in financial and cryptocurrency markets, positioning itself distinctively in the DeFi ecosystem as a supply elastic collateral and hedging device influenced by the Volatility Index.
Benchmark Protocol aims to revolutionize the DeFi space with its supply elastic collateral and hedging mechanism, utilizing the MARK token governed by Rebase mechanics. The protocol adjusts the supply of MARK tokens in response to changes in the Special Drawing Rights (SDR), a composite reserve made up of the U.S. Dollar, Euro, Great British Pound, Chinese Yuan, and Japanese Yen, aiming to mitigate volatility and ensure stable valuation. With features such as the Benchmark Marketplace for lending and borrowing, and integration with other DeFi protocols for yield farming, Benchmark Protocol seeks to enhance liquidity and offer a stable, elastic supply of its native token to counteract systemic risks in financial and cryptocurrency markets, positioning itself distinctively in the DeFi ecosystem as a supply elastic collateral and hedging device influenced by the Volatility Index.
