Benchmark Protocol

$MARK - The first rebase protocol built on the Chainlink Keeper network

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[Benchmark Protocol @Benchmark_DeFi]

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.

[Benchmark Protocol @Benchmark_DeFi]

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

https://t.co/ut4873x5gt
Tutorial: https://t.co/4Wkcdf6Nqx

[Benchmark Protocol @Benchmark_DeFi]

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.

[Benchmark Protocol @Benchmark_DeFi]

4/4 Benchmark Protocol will not validate any future plans for the use of MARK or xMARK tokens. We encourage holders to validate and do their own research. Please note, this is not financial advice.

[Benchmark Protocol @Benchmark_DeFi]

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.

[Benchmark Protocol @Benchmark_DeFi]

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.

[Benchmark Protocol @Benchmark_DeFi]

If you hold MARK, visit https://t.co/ut4873x5gt and convert your MARK to xMARK to be eligible for the distribution.
You can reference one of the following tutorials:
a) https://t.co/3T9pHgmaN3
b) https://t.co/4Wkcdf6Nqx

[Benchmark Protocol @Benchmark_DeFi]

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.

[Benchmark Protocol @Benchmark_DeFi]

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.

[Benchmark Protocol @Benchmark_DeFi]

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.

[Benchmark Protocol @Benchmark_DeFi]

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.

[Benchmark Protocol @Benchmark_DeFi]

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.

[Benchmark Protocol @Benchmark_DeFi]

Proposal to Transition Benchmark Treasury to Community MSIG wallet- we encourage all active participants to vote

https://t.co/ly7boacXKM

[Benchmark Protocol @Benchmark_DeFi]

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:

https://t.co/xMdvvCYFcx

PID:
0 is ETH/MARK LP
1 is USDC/MARK LP

[Benchmark Protocol @Benchmark_DeFi]

$xMARK-$MARK swap and rebase interface with cross chain MetaMask support.

[Benchmark Protocol @Benchmark_DeFi]

Instead of targeting a historic value of the US Dollar, Benchmark targets the historic price of the SDR. With a long-term view utilizing macro- exposure to the world’s most established currency, utilizing the SDR is a superior peg if the Dollar experiences
strong inflation.

[Benchmark Protocol @Benchmark_DeFi]

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.

[Benchmark Protocol @Benchmark_DeFi]

Crypto regulation concerns make decentralized stablecoins attractive to DeFi investors.

Benchmark protocol provides a rules based, decentralized, supply elastic stablecoin alternative.

[Benchmark Protocol @Benchmark_DeFi]

We are hiring a full stack developer

https://t.co/ttbfNPQ2jq

[Benchmark Protocol @Benchmark_DeFi]

$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.