marginfi: The early development of the YBX token has been completed and it will be launched on the mainnet in mid to late March

ChainCatcher news, the Solana ecosystem lending platform marginfi announced on social media that it has completed the early development of the YBX token, which will launch on the mainnet in mid to late March. YBX is minted from 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, which will be supported by Solana ecosystem LST and can earn Solana staking yields (approximately 8%), MEV capture (using Jito's MEV client LST), and loan yields (in the form of marginfi).