Orbs to Provide Liquidity Provisioning Towards Benchmark Uniswap Liquidity Pools
Orbs.com, backer of the Defi.org accelerator in collaboration with binance.org has agreed to provide liquidity towards Benchmark Protocol Liquidity pools on The Press. The press is comprised of two Uniswap liquidity pools, MARK-ETH and MARK-USDC pairs, currently providing 347% and 286% APY respectively in MARK rewards (at the time of writing).
“As a founding partner of the DeFi.org accelerator, together with Binance exchange, Orbs recognized the potential in the Benchmark Protocol project from the start. Orbs is proud to help facilitate the latest Benchmark innovation by providing liquidity to The Press pools, and is excited to take part in the upcoming Benchmark Protocol Marketplace.” said Daniel Peled, Orbs President and co-founder.
The addition of this liquidity is part of our overall collaboration strategy to scale accordingly in the coming months with the roll out of the Benchmark P2P Marketplace among other unannounced updates. DeFi.org is working closely with the Benchmark Protocol Team to help reach our short term road map goals. The Orbs token has already been whitelisted for the Marketplace and will be subject to fully customizable P2P loan offerings.
To stay up-to-date with our upcoming announcements and to know when the new aforementioned liquidity has been provided, be sure to follow our official Twitter and join the discussion in our official Telegram channel.
About Orbs
Orbs is a public blockchain infrastructure designed for mass usage applications — offering developers a proper mix of performance, cost, security and ease of use. The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus. Founded in 2017, Orbs is being developed by a dedicated team of more than 30 people out of Tel Aviv, Israel, London, UK, Singapore, Tokyo, Japan and Seoul, South Korea. Orbs was named Gartner’s “Cool Vendor in Blockchain Technology” for 2018.
For more information, please visit www.orbs.com, or join our community at:
- Telegram: https://t.me/OrbsNetwork
- Twitter: https://twitter.com/orbs_network
Contact: hello@orbs.com
About 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 (VXX) 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:
