XMARK-xMARKDetailed Description

XMARK-xMARK Detailed Description

The Benchmark Protocol is a supply elastic collateral and hedging device driven by a volatility index. The protocol operates as a rules-based tool that dynamically adjusts supply - equivalent to 1 Special Drawing Right (SDR) unit - based on deviations from the CBOE Volatility Index (VIX) and target metrics. Adoption of SDR creates a larger use case than just exposure to one currency; the application creates a larger user base and exposure to global markets.