BenchmarkProtocol
Published in

BenchmarkProtocol

Development underway on the Benchmark Marketplace; Benchmark Protocol <> ForTube Form a Strategic Partnership

Benchmark Protocol is thrilled to announce the development of The Benchmark Marketplace, a lender-driven exchange for loan offerings. Borrowers can choose from an array of different loan structures and receive a loan proportional to the provided collateral. The Marketplace is scheduled to be released in Q1 of 2021. More information will be available as we get closer to the launch date.

One of the first integrations will be partnering with ForTube (FOR), one of the top DeFi lending platforms that offers an array of products. FOR will be featured as one of the tokens to be whitelisted on the Benchmark Marketplace. Additionally, ForTube is exploring the addition of the MARK token as a collateral asset to ForTube 3.0.

“We endeavour to continue building and partnering with value-add platforms in the DeFi space; this is how we will strategically expand the Benchmark Protocol network to include both integration and lending options. This buildout and partnership is another step towards accelerating the adoption of DeFi.” says Harrison Woytko, Founder of Benchmark Protocol.

Jeffrey Chu, ForTube’s CEO, looks forward to working with Benchmark to provide decentralized lending services for crypto-asset enthusiasts together. “It makes perfect sense for ForTube to collaborate closely with a partner whose DeFi vision aligns with ours,” said Jeffrey. “The bond of ForTube and Benchmark will not only directly consolidate the close ties between the two parties, but will also bring great potential and possibility to the future development of the DeFi industry.”

About ForTube

ForTube is a leading global DeFi lending platform launched by The Force Protocol. It is committed to providing decentralized lending services for cryptocurrency enthusiasts around the world, supporting most of the world’s popular assets. ForTube is based on smart contracts and automated algorithm technology. Users can deposit tokens to earn interest, pledge collateral to borrow tokens and pay interests. ForTube’s interest rate is determined by market supply and demand. Assets are controlled by users. ForTube allows users to deposit and withdraw anytime, borrow and repay anytime, globally.

About Benchmark Protocol

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.

Benchmark is built on the Ethereum Blockchain. The MARK token is the native asset in the Benchmark network and provides only the utility value available to it through the Benchmark network.

Learn more by visiting the project website:

Find us on: Twitter|Telegram|Discord|Reddit|

--

--

--

The Benchmark Protocol a rules-based, supply-elastic collateral utility that adjusts supply based on deviations from the target metric — equal to 1 Special Drawing Rights

Recommended from Medium

Boxing Tour World Overturns Finger-guessing with New Method and Mode

Why we chose NEO over Ethereum

Polkatrail: First Quarterly Update

Mystiko.Network V1 is LIVE on Polygon Mumbai Testnet!

Persistence Chains

Corporate Borrowers, the future is CeDeFi!

Three Practical Steps To Start Your Blockchain Development Journey

List of blockchains on figment learn platform

The Difference Between Zentameshnet & Bitcoin

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Benchmark Protocol

Benchmark Protocol

Benchmark Protocol is a Supply Elastic Collateral and Hedging Device, Driven by the Volatility Index.

More from Medium

Historical Strength Rankings of Layer 1's

How do APY Rates Work in DeFi?

Potion — Kelly Criterion Bonding Curve for Risk Instruments