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Solana lending protocol marginfi has announced the launch of YBX, an innovative over-collateralized stablecoin, expected to go live on the mainnet in mid-to-late March. YBX leverages liquidity-collateralized tokens, including jitoSOL, mSOL, bSOL, and LST, aiming to provide a stable and secure digital currency solution. This launch is part of a broader collaboration with BagsApp, a platform that offers yield for token balances and aims to capture staking yield for idle SOL. The partnership is seen as a significant step towards mainstream adoption, with marginfi's liquidity layer specifically built to support powerful applications like BagsApp. With marginfi's total value locked (TVL) already at $580 million, this development has been met with enthusiasm from the community, with many expressing bullish sentiments about the future of BagsApp and marginfi.
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
Starting right now, our @Solana DEX is open for all, allowing you to seamlessly trade our pioneering cloned assets. It's a new chapter for DeFi on Solana, and you're all invited to be part of it! 🥳 Let's dive deeper into the exciting features and opportunities our public… https://t.co/v6sB7x4C4U
Very excited to be a part of @TheArenaApp launch on $SOL You’re now able to get tipped with $MOUTAI and other @solana memecoins 🧧 Are you ready to join The Arena? 🔥 🚨: When a user is tipped with any of these Solana tokens, a Phantom wallet will automatically be generated.… https://t.co/QnfNkqpBfT
