What is Benchmark?

Benchmark is an on-chain lending and credit protocol that brings institutional-grade risk management to DeFi while remaining open and accessible to everyday users. The protocol runs on Morpho’s smart-contract infrastructure and uses quantitative risk models to guide every decision.

How It Works

Benchmark evaluates collateral, liquidations, and market conditions using Value at Risk and Conditional Value at Risk frameworks. These models give the protocol a measurable and auditable way to size positions, manage exposure, and protect against principal loss.

The system monitors collateral quality, oracle behavior, liquidity, and venue-level risk continuously, adjusting parameters as needed to maintain stability.

What Makes It Different

Benchmark does not chase aggressive APYs or rely on unbounded leverage. Instead, it focuses on risk-adjusted performance and long-term durability. Every piece of the protocol is built around capital preservation, transparency, and clear risk controls uncommon in typical DeFi lending markets.

Why It Matters

DeFi credit is evolving from experimental to institutional infrastructure, and Benchmark is built for that shift.

It offers a framework that both retail users and regulated institutions can trust: transparent processes, auditable risk management, and disciplined execution.

By combining rigorous risk curation with open on-chain architecture, Benchmark raises the standard for what on-chain lending can be.