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).

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).