Το OCEAN go dey listed on the Benchmark Protocol lending platform
The partnership go further expand the Decentralized Economy (DeFi) to allow OCEAN holders to fit borrow their Ocean tokens and earn interest, while collateral providers fit borrow OCEAN.
Ocean Protocol dey partner with the Benchmark Protocol to further expand the Decentralized Data Economy (DeFi). The Ocean token (OCEAN) go dey registered on the Benchmark lending platform, wey dey supported by the MARK token - the Benchmark flexible alternative fixed currency dey offer sey e connects traditional capital markets with the Decentralized Economy (DeFi). This go allow OCEAN holders to borrow their Ocean tokens and earn interest, while collateral providers go fit dey able to borrow OCEAN.
For Ocean Protocol, a data-sharing protocol for the Web3 Data Economy, the collaboration go help create another use of the Ocean token and further deepen integration into Decentralized Economy (DeFi). With this registration, OCEAN holders go dey able to lend their Ocean tokens, while still dey maintain exposure to OCEAN and earn interest rates, without the risk of temporary loss.
At Ocean Protocol, we dey try to maximize the ways in which OCEAN holders fit use their Ocean tokens. This partnership go allow OCEAN holders to earn interest on the Ocean tokens in their possession, while dey maintain exposure to OCEAN. In the future, Benchmark go allow each of these data tokens to have their own lending market on its platform, to unlock another utility for data tokens.
- Manan Patel, Growth Accelerator in Ocean Protocol
The Benchmark Protocol, a Decentralized Economy Protocol (DeFi) wey dey link traditional financial markets to Decentralized Economy (DeFi) markets, get hin inherent MARK asset linked to the SDR asset. SDR na complex international reserve asset, wey consist of the US Dollar, Euro, British Pound, Chinese Yuan and Japanese Yen. This go provide better hedging against vulnerable assets backed by a single country, such as the US Dollar.
We look forward to the Ocean Protocol community to benefit from our alternative fixed currency MARK. MARK open door to truly decentralized Smart Contract security payments wey no be subject to high market volatility.
- Kurt Uhler, Chief Operating Officer (COO) of the Benchmark Protocol
Ocean and Benchmark dey explore their future partnership, wey go leverage Ocean Market, a community open source data market, and lend Ocean's data tokens, a data asset wey dey wrapped in an ERC20 token in the Ocean Protocol. .
Ocean go help the Benchmark Protocol monetize Decentralized Economy (DeFi) data through the Ocean Market, to allow the Ocean community to access these datasets.
The Benchmark go obtain meticulous data from Ocean Protocol markets to be able to optimize lending rates and possibly provide lower collateral loans.
Benchmark go lend Ocean data tokens to fit help holders of data tokens earn interest on their stocks.
About the Ocean Protocol
The mission of Ocean Protocol na to launch a Web3 Data Economy wey go reach the world, to give power back to data owners and allow people to gain value from data to improve our world.
Data na new asset class - the Ocean Protocol go unlocks its value. Data owners and consumers dey use the Ocean Market app to publish, discover and consume data assets in a secure way, while maintaining privacy.
Ocean data tokens dey convert data into data assets. This go enable data portfolios, data exchanges and data cooperatives, utilizing cryptocurrency wallets, bills of exchange and other tools for Decentralized Economy (DeFi). The projects dey use Ocean and OCEAN libraries in their own applications to help promote the Data Economy.
The OCEAN token dey used to lock in data, govern the funding of the Ocean Protocol community, and buy and sell data. Its supply dey distributed over time to promote short-term growth and long-term sustainability. OCEAN dey designed to increase with increasing volume of use.
Visit oceanprotocol.com to learn more.
About the Benchmark Protocol
The Benchmark Protocol dey mitigate liquidity events and hedge the risk with the MARK token, a flexible, alternative fixed currency wey link traditional capital markets to the Decentralized Economy (DeFi). The protocol dey function as a rule-based utility wey dynamically dey adjust supply based on the CBOE volatility index (VIX) and deviations from the metric target - equal to 1 SDR. Using SDRs dey create a wider use case rather than a single currency exposure - this application dey create a larger user base and limited exposure in markets around the world. The Decentralized Economy Area (DeFi) needs a security tool wey go maintain its effectiveness and increases its inherent,
Benchmark dey based on the Ethereum blockchain. The MARK token na the inherent asset of the Benchmark network and dey provides only the use value available to am through the Benchmark network.