| General information | |
|---|---|
| Global rank: | 2016 |
| Name: |
Benchmark Protocol |
| Symbol: | MARK |
| Current coin price (JMD): | 167.61 J$ |
| Last hour: | arrow_upward0.000000 % |
| Last 24 hours: | arrow_upward0.000000 % |
| Last 7 days: | 20.12 %trending_up |
| Capitalisation (JMD): | 72 013 487.95 J$ |
| Volume 24h (JMD): | 0.000000 J$ |
| Available supply: | 429 643.00 MARK |
| Total coin supply: | -1 MARK |
| Start date: | 2020-11-17 |
Benchmark Protocol/Jamaican Dollar (MARK/JMD) price chart
Benchmark Protocol/Jamaican Dollar (MARK/JMD) capitalisation and volume charts
Benchmark Protocol is a DeFi (Decentralized Finance) protocol that connects traditional financial markets to DeFi markets. The protocol is a rules-based, non-dilutive, supply-elastic collateral utility that also acts as a hedging device. Supply is adjusted based on the Volatility Indexes (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.