Benchmark Protocol Expands Development of Marketplace to Harmony — $ONE Token Whitelisted

Benchmark Protocol Expands Development of Marketplace to Harmony — $ONE Token Whitelisted

We are delighted to announce that Benchmark Protocol will be deploying the Marketplace on the open Harmony Blockchain in addition to Ethereum, further extending the cross-chain utilization of $MARK via $ONE.

To celebrate the upcoming development, we are whitelisting the $ONE token on the marketplace for p2p lending and borrowing at launch. More details will be provided closer to the launch of the Marketplace during Q2.

Why Harmony?

The value of this deployment will be mutual as Benchmark Protocol seeks to further the reach of the MARK token to different DeFi communities. Harmony meanwhile is a rapidly growing DeFi ecosystem in and of itself with the very ambitious goal of providing open consensus for 10 Billion people in the future. It’s our belief that the need for a decentralized stable coin alternative will become more prominent as folks around the world continue adopting decentralized finance over traditional “permission” based finance. Harmony with its revolutionary infrastructure is capturing the talents of many developers who are leveraging their high-throughput, low-latency, and low-fee consensus blockchain to build their dApps. As such, we believe that easy access to the MARK token on Harmony will be leveraged in cases where a non-custodial stablecoin is needed to power these next generation IOT and DeFi innovations.

About Harmony

The Future is ONE.

Harmony is a fully Ethereum compatible blockchain that allows you to build scalable cross-chain applications.

Developers can build on Harmony today. Got an idea? Build it on Harmony and apply for a grant.

We ❤️ Developers.

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About Benchmark Protocol

The Benchmark Protocol is an Uncorrelated, Liquid, VIX-denominated Collateral Utility. The protocol is a rules-based, supply-elastic collateral utility that adjusts supply based on volatility indexes (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; 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.

The Benchmark Marketplace is built on the Ethereum, Binance Smart Chain and Harmony 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.

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