Benchmark Protocol x Orbs
Benchmark Protocol collaborates with Orbs to whitelist $ORBS on the upcoming #Benchmark Marketplace.
The p2p Benchmark Protocol Marketplace will facilitate a lender-driven exchange for ORBS loan offerings. The Marketplace is undergoing a thorough smart contract audit and the launch date is still on track for Q2 2021.
The ORBS token (ERC-20) is used for the settlement of fees related to app execution and provides the system of incentives used to elect network validators. The Orbs platform is unique in that it is a decentralized infrastructure run by independent nodes collectively known as the Orbs Universe. This decentralized infrastructure is an ideal environment for dApp developers who require a fast blockchain capable of handling smart contracts with predictable fees. The Orbs network distributes network fees to federation members who run the nodes. Additionally, to make the Orbs Network extremely appealing to developers, subscription services are used to pay for transactions on the blockchain.
What is Orbs?
Orbs is known for combining scalability, low fees, isolated virtual chains, online IDE, and smart contracts in familiar languages. This mix of performance, cost, security, and ease of use creates the perfect blockchain stack.
What is Benchmark Protocol?
Benchmark Protocol mitigates liquidation events and hedges risk with the MARK token; a supply elastic, stablecoin-alternative that connects traditional capital markets to DeFi. 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.
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