Benchmark Protocol

The BEND token may also grant users future rights to cash flows, rights to protocol changes or future token distribution.

Additionally, if other products are produced by the Benchmark ecosystem, potential governance integration of the BEND token may be integrated to incorporate additional voting rights for BEND token holders.

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.