According to ChainCatcher, Solana eco-lending platform marginfi said on social media that it has completed the early development of the YBX token and will be launched on the mainnet in mid-to-late March. YBX is minted by LST on marginfi and is supported by jitoSOL, mSOL, bSOL and LST assets.
ChainCatcher previously reported that Marginfi will release a high-yield decentralized stablecoin YBX in early 2024. The stablecoin will be supported by the Solana ecosystem LST and can earn Solana staking yield (about 8%), MEV capture (LST using Jito's MEV client) and loan yield (in the form of marginfi).
