Solana-based DeFi protocol Marginfi will issue YBX stablecoin supported by Solana LST in its ecosystem.

BlockBeats reported on January 22 that Marginfi, Solana's DeFi collateral protocol, announced a new stablecoin project YBX on its social media platform. According to the information on the website, Marginfi will launch a high-yield decentralized stablecoin YBX in early 2024, which will be supported by Solana's ecosystem LST and can earn Solana staking yield (about 8%), MEV capture (using Jito's MEV client LST), and loan yield (in the form of marginfi).