The Solana ecosystem DeFi protocol Marginfi will issue a stablecoin supported by Solana LST, YBX

ChainCatcher news, Solana's DeFi margin protocol Marginfi has announced the 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 ecosystem LSTs, allowing users to earn Solana staking yields (approximately 8%), MEV capture (using Jito's MEV client for LSTs), and loan yields (in the form of marginfi).