MARK is Whitelisted on Balancer for Liquidity Mining BAL Tokens

After the successful launch of our MARK — USDC and MARK — ETH Balancer pools, we are excited to announce that MARK has been whitelisted on Balancer! Users will now be able to add liquidity directly to Balancer and earn $BAL token — the governance token for Balancer. Balancer has over $2 billion in total value locked and a market cap of $370,000,000 making it one of the most prominent decentralized exchanges and a critical tool for the DeFi space. Approval “Only officially sanctioned pools will be included in liquidity mining. At time of writing, there are two such (rebase token) pools, and their addresses are listed below. This is very similar to our treatment of AMPL (Ampleforth).” — Balancer Labs Currently as of writing, there is both a 80:20 MARK:USDC and a 80:20 MARK:ETH pool providing ~18% and 19% APY, respectively, paid out in BAL. Metrics are tracked using BAL Governance Token and Distribution The BAL Protocol Governance Token (BAL) was created to align participation and protocol development. Liquidity providers are rightfully recognized as the most important stakeholders in the Balancer ecosystem. Liquidity providers attract traders, traders generate fees, and increased profits perpetuate the cycle. Early liquidity providers — that’s us — take on the most risk and to that end Balancer Labs created the BAL token to be distributed to liquidity providers. Distribution of BAL is ongoing weekly and as of today MARK token holders are encouraged to participate in this rapidly growing ecosystem. About Balancer Balancer is an AMM, or Automated Market Maker, just like Uniswap. Both use a unique algorithm for creating and managing liquidity. Balancer allows anyone to create or add liquidity to customizable pools and earn trading fees equivalent to their ratio of liquidity provided. Balancer makes every effort to be as trustless as possible. Balancer has no admin controls, upgradeability, or shutdowns built into the smart contracts so users are responsible for their assets at all times. The MARK contract for balancer LP mining can be verified on the Balancer GitHub here. 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. 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 | LinkedIn MARK is Whitelisted on Balancer for Liquidity Mining BAL Tokens was originally published in BenchmarkProtocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

View Full Article at Benchmark Protocol

Background Photo by André François McKenzie on Unsplash

Tweet this
Submit your crypto press release here

More Crypto News

Recent Crypto News

All Crypto News