MarginFi 推出 XBY，Solana 的第一個產生收益的去中心化穩定幣

MarginFi 在 Solana 上按 TVL 排名第六，計劃推出 XBY（一種可產生收益的去中心化穩定幣）來抵押 Solana 的流動質押技術 (LST)，從而減少網路對 USDC 的依賴。儘管 MarginFi 聯合創始人兼執行長 Edgar Pavlovsky 最近辭職，但該計畫仍定於本月啟動，承諾流動性約為 1200 萬美元。

MarginFi Unveils XBY, Solana's First Yield-Accruing Decentralized Stablecoin

MarginFi 推出 XBY，Solana 首個可產生收益的去中心化穩定幣

In a groundbreaking move, MarginFi, a leading DeFi protocol on Solana, is set to introduce XBY, the blockchain's first decentralized stablecoin with built-in yield generation capabilities. With a deployment target set for June, XBY aims to revolutionize the stablecoin landscape on Solana by reducing its reliance on the centralized stablecoin USDC and providing a more robust foundation for DeFi applications.

Solana 上領先的 DeFi 協議 MarginFi 將推出 XBY，這是區塊鏈上第一個具有內建收益產生功能的去中心化穩定幣，這是一項突破性舉措。 XBY 的部署目標定於 6 月，旨在透過減少對中心化穩定幣 USDC 的依賴並為 DeFi 應用程式提供更強大的基礎，徹底改變 Solana 上的穩定幣格局。

"Solana DeFi is currently overly dependent on USDC," stated MacBrennan Peet, MarginFi's co-founder, at the recent Solana Crossroads 2024 conference. "If USDC were to continue its downward spiral from a year ago, Solana DeFi would have severe issues because USDC is the backbone of all major trading pairs."

MarginFi 聯合創始人 MacBrennan Peet 在最近的 Solana Crossroads 2024 會議上表示：“Solana DeFi 目前過度依賴 USDC。” “如果 USDC 繼續從一年前開始下滑，Solana DeFi 將面臨嚴重問題，因為 USDC 是所有主要交易對的支柱。”

XBY addresses this vulnerability by leveraging Solana-based liquid staking techniques (LSTs) as collateral. This innovative approach ensures that XBY is fully collateralized, providing confidence and stability to users seeking a reliable stablecoin option.

XBY 透過利用基於 Solana 的流動性質押技術 (LST) 作為抵押品來解決此漏洞。這種創新方法確保 XBY 得到充分抵押，為尋求可靠穩定幣選擇的用戶提供信心和穩定性。

To further bolster its stability, MarginFi has secured approximately $12 million in committed liquidity. The platform aims to raise over $100 million prior to launch, reflecting the significant interest in XBY's potential to transform Solana's DeFi ecosystem.

為了進一步增強其穩定性，MarginFi 已獲得約 1,200 萬美元的承諾流動性。該平台的目標是在推出前籌集超過 1 億美元，反映出人們對 XBY 改變 Solana 的 DeFi 生態系統的潛力的濃厚興趣。

Following the unexpected departure of MarginFi co-founder and CEO Edgar Pavlovsky a month ago, the news of XBY's impending debut has ignited excitement within the Solana community. Although early users have already been accumulating points that typically qualify holders for future airdrops, Pavlovsky's resignation sparked concerns about the project's future direction.

繼 MarginFi 聯合創始人兼執行長 Edgar Pavlovsky 一個月前意外離職後，XBY 即將亮相的消息在 Solana 社區引發了興奮。儘管早期用戶已經累積了通常有資格獲得未來空投的積分，但帕夫洛夫斯基的辭職引發了對該項目未來方向的擔憂。

Addressing the speculation, Peet asserted that Pavlovsky's decision to step down stemmed from the immense stress involved in developing a complex financial protocol, not from any disagreement over issuing a governance token.

針對這一猜測，皮特斷言，巴甫洛夫斯基下台的決定源於開發複雜金融協議所面臨的巨大壓力，而不是因為在發行治理代幣方面存在任何分歧。

"The token was the only point of contention," Peet explained. "Building an on-chain financial protocol is a 24/7 job; there are no weekends."

「代幣是唯一的爭論點，」皮特解釋道。 “構建鏈上金融協議是一項 24/7 的工作；沒有周末。”

Peet further revealed that MarginFi is actively developing its own governance token, which will be unveiled at a later date.

Peet 進一步透露，MarginFi 正在積極開發自己的治理代幣，該代幣將於稍後公佈。

"MarginFi's vision has always been to create a decentralized system with a token. The Margin Foundation is not interested in tokens just for tokens' sake," Peet stated. "We are interested in a token that has real governance value and real utility."

「MarginFi 的願景始終是創建一個帶有代幣的去中心化系統。Margin 基金會不會只是為了代幣而對代幣感興趣，」Peet 表示。 “我們對具有真正治理價值和實際效用的代幣感興趣。”

The recent mass withdrawals from the MarginFi protocol prompted by Pavlovsky's departure were seen by Peet as a rigorous "stress-testing" exercise. Despite the significant outflows, MarginFi continued to operate flawlessly, demonstrating its resilience and the commitment of its team.

皮特認為，最近因巴甫洛夫斯基離職而引發的 MarginFi 協議大規模撤資是嚴格的「壓力測試」。儘管出現大量資金外流，MarginFi 仍繼續完美運營，展現了其韌性和團隊的承諾。

XBY is designed as a rebasing stablecoin, meaning that users can expect their XBY balances to increase over time as the token accrues yield. Initially, token holders will receive XBY from staking rewards generated by the LST collateral. As the protocol matures, users will also be eligible to earn additional yield from MarginFi lending returns.

XBY 被設計為一種基礎穩定幣，這意味著隨著代幣收益的增加，用戶的 XBY 餘額會隨著時間的推移而增加。最初，代幣持有者將從 LST 抵押品產生的質押獎勵中獲得 XBY。隨著協議的成熟，用戶還將有資格從 MarginFi 借貸回報中獲得額外收益。

"At launch, there will be hundreds of millions of dollars' worth of LSTs from MarginFi users that will be available as collateral for minting XBY," Peet revealed.

「在發佈時，MarginFi 用戶將提供價值數億美元的 LST，這些 LST 將作為鑄造 XBY 的抵押品，」Peet 透露。

The introduction of XBY marks a significant milestone for Solana's DeFi ecosystem, providing a much-needed decentralized stablecoin alternative and reducing the network's dependency on external centralized entities. MarginFi's commitment to innovation and the unwavering support of its users position XBY as a game-changer in the rapidly evolving world of digital finance.

XBY 的推出標誌著 Solana DeFi 生態系統的一個重要里程碑，提供了急需的去中心化穩定幣替代方案，並減少了網路對外部中心化實體的依賴。 MarginFi 對創新的承諾和用戶堅定不移的支持使 XBY 成為快速發展的數位金融世界中的遊戲規則改變者。