The Solana ecosystem DeFi protocol, Marginfi, will issue a stablecoin YBX supported by Solana LST
The DeFi margin protocol of Solana, Marginfi, has announced a new stablecoin project YBX on its social platform. According to the page information, Marginfi will launch the high-yield decentralized stablecoin YBX in early 2024, which will be supported by Solana's ecosystem LST and can earn Solana staking yield (about 8%), MEV capture (using Jito's MEV client's LST) and loan yield (in the form of marginfi).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Benchmark analyst reiterates "Buy" rating on Japanese crypto company Metaplanet
GAIN official: Investigating issues related to abnormal token over-issuance
Data: 10 addresses received a total of 210,000 ETH within 6 hours, worth approximately $863 millions.
Trending news
MoreCrypto prices
More
