Reef Finance partners with Benchmark to Integrate xMARK into the Reef Ecosystem

Reef Finance announces its partnership with Benchmark Protocol, an elastic stablecoin alternative bridging capital markets to DeFi.

The partnership between Reef Finance and xMARK will will further enhance the Reef Ecosystem by enabling the Reef community to have access to non-collateralized inflation shielded stablecoin alternative which also fits well into lending and SOV utilization.

Stable coin alternative becomes part of Reef Ecosystem

Being a leading aggregator to DeFi through liquidity and protocol aggregation, multi-chain accessibility and proprietary analytics, Reef is secured with the same security model as that of Polkadot. This ensures high security model, resilience and forkless upgradability.

The Benchmark token (MARK) is a suplly-elastic, and designed as a collateral utility protocol to inject liquidity during high global market volatility.

With the MARK token, liquidity events are easy and also risk are minimal.
Existing DeFi apps can be transfered from Ethereum to Reef Chain with the help of Reef's high scalability. Also, with the Liquidity bridge being in development, porting existing DeFi apps will be more easier.

Value proposition of the Benchmark-Reef partnership

The partnership between Reef and Benchmark will allow the integration of xMARK and that will enable the Reef community to have access to non-collateralized inflation shielded stablecoin alternative that fits into lending and SOV utilizations.
This avenue could also be taken advantage of by upcoming projects on the Reef Chain.

About Reef Finance

Reef is the first Cross-Chain DeFi operating system built on polkadot. With a seamless user interface, Reef offers its users a smart liquidity aggregator and yield engine that enables trading with access to liquidity from both CEXes and DEXes while offering smart lending, borrowing, staking, mining through an AI-driven personalized Reef Yield Engine.

About Benchmark

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. Benchmark Protocol will soon be launching a cross-chain lender-driven P2P Marketplace for ERC-20 token offerings.

Crypto enthusiast/ content creator/ Nature lover/ Introverted-extrovert