$MARK - The first rebase protocol built on the Chainlink Keeper network Telegram: https://xitter.gq/t.co/5kotkB899F…
Joined August 2020
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1/4 The Benchmark Protocol Treasury Wallet has fully distributed all custodied MARK tokens (on a Pro- Rata) basis via the xMARK staking contract. If you held xMARK via the staking contract address 0x36b679bd64Ed73DBfd88909cDCB892cB66Bd4CBb there is no further action required.
Please note that in order to view the distribution in MARK which are allocated and distributed pro-rata between all xMARK holders, users need to swap their xMARK back to MARK via the Press.
To Claim Rewards via the Press
- Click “Convert to MARK” to redeem your staked MARK and claim your rewards
- Your xMARK will be burned through this process
thepress.benchmarkprotocol.f…
Tutorial: medium.com/benchmarkprotocol…
3/4 We thank all of our community members who took part in Benchmark Protocol, an impactful experiment in rebase. Users can retain their MARK/xMARK and do with them as they please, as there are community members who may wish to incorporate these tokens into a future project.
All previously held reward tokens have been previously distributed to liquidity providers and stakers earlier than anticipated. Following the distribution of all treasury held xMARK and MARK assets, the current iteration of Benchmark Protocol will be unwound.
If you hold MARK, visit thepress.benchmarkprotocol.f… and convert your MARK to xMARK to be eligible for the distribution.
You can reference one of the following tutorials:
a) youtube.com/watch?v=aZ7W7_HN…
b) medium.com/benchmarkprotocol…
Benchmark Protocol Treasury and Liquidity wallets will be distributing all remaining xMARK/ MARK to protocol holders via the xMARK staking contract. Users will have until 12 PM EST on 3/14/22 to enter the staking contract to be eligible for a distribution.
A proposal has not been received by the lead community team members with authority of the MSIG as to how a migration of the treasury funds will benefit the Benchmark community.
Without a proposal of how the funds will be spent and used to the benefit of current MARK holders, the Benchmark Protocol has removed this snapshot proposal.
On behalf of the Benchmark team, we will await for a reasonable proposal to be sent to [email protected] and further shared with the current community; otherwise, as stated previously, the treasury will be unwound in the best way deemed fit.
Proposal to Transition Benchmark Treasury to Community MSIG wallet- we encourage all active participants to vote
snapshot.org/#/benchmarkprot…
The rewards in the contract for the press is empty. In preparation for a community initiated relaunch, we encourage all users to use the emergency withdrawal function found here:
etherscan.io/address/0x5d997…
PID:
0 is ETH/MARK LP
1 is USDC/MARK LP
The numbers: Consumer prices rose 0.5% in December to push the increase in the cost of living last year to a nearly 40-year high of 7%, indicating high U.S. inflation is likely to persist well into 2022.
Crypto regulation concerns make decentralized stablecoins attractive to DeFi investors.
Benchmark protocol provides a rules based, decentralized, supply elastic stablecoin alternative.
We are hiring a full stack developer
linkedin.com/jobs/view/28667…
$BEND is a governance token that will be giving holders voting rights to determine the frequency of rebases, voting rights to govern rebase stretch periods, and voting rights to regulate additional parameters of the rebase functionality.
