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
- unusual_whales Jan 21, 2025 at 06:28 am
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- Twitter source
- IncomeSharks Jan 21, 2025 at 05:07 am
The World Liberty token wallet continues to grow. Holding up to $186 million dollars of $ETH now. 20 minutes ago they just bought another 5 million dollars worth of Ethereum. - So Trump staked with $LDO That’s crazy I wonder if any of the staked eth ETF’s will use them when approved?
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- Twitter source
- Mark Cuban Jan 21, 2025 at 04:55 am
If meme coins are the way, maybe I’ll issue one. With a twist. Same terms as $TRUMP . 20% float. Same release schedule. One difference. All the revenue from the sale of the coins go to the US Treasury. The wallet address will be published so everyone can track it. If -
- Twitter source
- Kerim Kalender Jan 21, 2025 at 04:35 am
Trump's project World Liberty Finance will use the Lido platform to stake the ETH it receives $LDO -
- Twitter source
- jesse.base.eth Jan 21, 2025 at 04:25 am
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- Twitter source
- Crypto Beast Jan 21, 2025 at 04:20 am
I found the next 100x crypto narrative and NOW is your chance to be early What is it? IP (Intellectual property rights) memes Memecoins with actual ownership rights to the meme Example: Matt Furie could’ve sued $PEPE memecoin creator for copyrights for using pepe image -
- Twitter source
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