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Excited to see @marginfi unveil $YBX, a groundbreaking yield-bearing asset set to redefine monetary policy on the base layer. $YBX stands out as an overcollateralized stablecoin, uniquely capturing Solana staking yield and MEV tips, offering a promising new avenue for stablecoin… https://t.co/cCbeEFvo2N
Huge moment for the @marginfi team! $YBX will be Solana's $DAI, no doubt in my mind. Great thread below on how it works 👇 https://t.co/JCOXFi1kZo
NEW: @marginfi INTRODUCES $YBX, AN OVERCOLLATERALIZED STABLECOIN THAT CAPTURES @solana STAKING YIELD AND MEV TIPS - TO START, TO BE BACKED BY $JITOSOL (@jito_sol), $MSOL (@MarinadeFinance), $BSOL (@solblaze_org), AND $LST https://t.co/orYq2sSPaI
Marginfi has launched $YBX, a yield-bearing stablecoin on Solana, backed by $jitoSOL, $mSOL, $bSOL, and $LST. $YBX aims to capture Solana staking yield and MEV tips, with potential to become Solana's equivalent of $DAI.