May 25, 2024

Rise To Thrive

Investing guide, latest news & videos!

Solana’s Defi Landscape to Shift With Marginfi’s Introduction of YBX Stablecoin

1 min read
Solana’s Defi Landscape to Shift With Marginfi’s Introduction of YBX Stablecoin
Solana’s Defi Landscape to Shift With Marginfi’s Introduction of YBX StablecoinThe decentralized lending protocol built on the Solana blockchain, Marginfi, announced the upcoming launch of YBX, which is expected to be the first notable decentralized stablecoin on Solana, aiming to provide an alternative to the network’s heavy reliance on Circle’s centralized stablecoin usd coin (USDC). The stablecoin, backed by SOL-based liquid staking derivatives (LSDs), is […]