XTRABYTES News
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2024
May / 12- MarginFi Introduces XBY, Solana's First Yield-Accruing Decentralized Stablecoin
- May 12, 2024 at 02:21 am
- MarginFi, ranked sixth on Solana by TVL, plans to introduce XBY, a decentralized stablecoin that accrues yield, to collateralize Solana's liquid staking techniques (LSTs), reducing the network's reliance on USDC. Despite the recent resignation of MarginFi's co-founder and CEO, Edgar Pavlovsky, the project is still set to launch this month, with committed liquidity of around $12 million.
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2024
May / 11- MarginFi Unveils XBY Stablecoin to Reduce Solana's Reliance on USDC
- May 11, 2024 at 09:00 pm
- MarginFi, a leading DeFi protocol on Solana, announces plans to launch XBY, a yield-bearing decentralized stablecoin, later this month. XBY aims to reduce Solana's reliance on centralized stablecoins like USDC by being fully collateralized by SOL-based liquid staking protocols (LSTs). Despite the recent departure of CEO Edgar Pavlovsky, MarginFi remains committed to launching XBY and introducing a governance token in the future. The stablecoin is expected to offer substantial yield earning opportunities, as it will initially source yields from staking rewards and later incorporate MarginFi lending yields. MarginFi also plans to launch a "built-in stableswap" feature that allows users to trade between stablecoins while earning lending yields and swap fees.
- MarginFi's Upcoming XBY Stablecoin to Revolutionize Solana DeFi Ecosystem
- May 11, 2024 at 08:01 pm
- MarginFi, Solana's sixth-largest DeFi protocol, plans to launch its yield-accruing decentralized stablecoin XBY this month. The stablecoin, backed by SOL-based liquid staking protocols, aims to reduce Solana's reliance on centralized stablecoins. Despite the recent departure of CEO Edgar Pavlovsky, MarginFi confirms its commitment to decentralization and plans to introduce a governance token in the future.
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Communtity feeds
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- Twitter source
- Michaël van de Poppe Feb 23, 2025 at 07:46 pm
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- Mario Nawfal’s Roundtable Feb 23, 2025 at 07:38 pm
WHALE WATCH: 19,999 $ETH ($55,95M) TRANSFERRED FROM BINANCE TO AN UNKNOWN WALLET Source: Whale Alert -
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- Krypto Masters Feb 23, 2025 at 06:41 pm
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- Lookonchain Feb 23, 2025 at 05:33 pm
- $STX sBTC cap increase confirmed for Feb 25 first decentralized BTC peg with smart contracts launching after Nakamoto upgrade
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- //Bitcoin 𝕵ack🐐 Feb 23, 2025 at 04:33 pm
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- Joe Mitoshi🧑🚀 Feb 23, 2025 at 04:20 pm
People saying $SPX is a long, when it is literally ending a major cycle this week, after tapping a major WP Resistance… Sorry mathematically speaking not precisely the place I’d be looking for longs. -
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- Ash Crypto Feb 23, 2025 at 04:14 pm
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