Benchmark Protocol- 82%
Review Date: February 2nd, 2021
Benchmark Protocol provides market participants the first cryptocurrency hedge utilizing the Cboe Volatility Index (VIX), the world’s premier gauge of U.S. equity market volatility. The Protocol works off the notion that volatility, across digital and traditional assets, is correlated. Using VIX as a catalyst, Benchmark augments the total supply of tokens in its ecosystem. The protocol is open sourced and was properly audited. Benchmark Protocol is uncorrelated to crypto market price movements, making it an ideal hedge. The MARK token is pegged to the world’s most stable currency (the SDR) making it a viable alternative to stablecoins currently used in the ecosystem.
