Benchmark is a chain-based yield aggregator that isolates the underlying assets from their yields, allowing token holders to sell their yield rights for a fixed period to lock in profits and gain liquidity promptly. Buyers of these yield rights dont need to purchase or stake the underlying assets and don’t have to worry about staking and liquidation risks. This enables price discovery in the interest rate market, meaning lenders and liquidity providers can lock in rates when they are high, and borrowers can hedge rates when they are low.