MarginFi 推出 XBY 穩定幣以減少 Solana 對 USDC 的依賴

Solana 上領先的 DeFi 協議 MarginFi 宣布計劃於本月稍後推出 XBY，這是一種有收益的去中心化穩定幣。 XBY 旨在透過基於 SOL 的流動質押協議 (LST) 進行完全抵押，減少 Solana 對 USDC 等中心化穩定幣的依賴。儘管執行長 Edgar Pavlovsky 最近離職，MarginFi 仍致力於推出 XBY 並在未來推出治理代幣。該穩定幣預計將提供大量的收益賺取機會，因為它最初將從質押獎勵中獲取收益，然後再納入 MarginFi 貸款收益。 MarginFi 還計劃推出「內建穩定互換」功能，讓用戶在穩定幣之間進行交易，同時賺取貸款收益率和互換費用。

MarginFi Unveils Plans for XBY Launch, Aims to Cushion Solana's Reliance on USDC

MarginFi 公佈 XBY 推出計劃，旨在緩解 Solana 對 USDC 的依賴

MarginFi, the prominent decentralized finance (DeFi) protocol on Solana, has announced its intention to introduce XBY, its eagerly anticipated yield-bearing decentralized stablecoin, within the current month. This revelation was made during the Solana Crossroads 2024 conference by MarginFi's co-founder, MacBrennan Peet.

Solana 上著名的去中心化金融 (DeFi) 協議 MarginFi 宣布打算在本月內推出備受期待的具有收益的去中心化穩定幣 XBY。這項消息是 MarginFi 共同創辦人 MacBrennan Peet 在 Solana Crossroads 2024 會議上透露的。

Peet conveyed that his team is poised to conclude the second audit for XBY and intends to deploy the stablecoin by June. He emphasized that XBY will be fully collateralized by Solana-based liquid staking protocols (LSTs), providing Solana with a decentralized stablecoin capable of reducing the ecosystem's heavy dependence on USDC, the leading centralized stablecoin.

Peet 表示，他的團隊準備完成 XBY 的第二次審計，並打算在 6 月之前部署穩定幣。他強調，XBY 將由基於 Solana 的流動質押協議（LST）全額抵押，為 Solana 提供去中心化的穩定幣，能夠減少生態系統對領先的中心化穩定幣 USDC 的嚴重依賴。

"Presently, Solana DeFi relies heavily on USDC," Peet stated. "If USDC were to depeg as it did a year ago and remain unpegged, Solana DeFi would face significant challenges, as USDC forms the foundation of all major trading pairs."

「目前，Solana DeFi 嚴重依賴 USDC，」Peet 表示。 “如果 USDC 像一年前那樣脫鉤並保持脫鉤狀態，Solana DeFi 將面臨重大挑戰，因為 USDC 是所有主要交易對的基礎。”

Peet disclosed that the project has already secured approximately $12 million in initially pledged liquidity and anticipates attracting over $100 million before launch.

皮特透露，該計畫已獲得約 1,200 萬美元的初始承諾流動資金，預計在啟動前吸引超過 1 億美元。

The announcement of XBY's impending arrival comes after Edgar Pavlovsky, MarginFi's co-founder and CEO, abruptly resigned from the project last month. This move reportedly stemmed from an apparent disagreement over whether the project should release a governance token, even though early users had already accrued points that would typically qualify them for future airdrops.

在宣布 XBY 即將到來之前，MarginFi 聯合創始人兼執行長 Edgar Pavlovsky 上個月突然辭去了該計畫的職位。據報道，此舉源於對該項目是否應該發布治理代幣的明顯分歧，儘管早期用戶已經積累了通常有資格獲得未來空投的積分。

Following Pavlovsky's departure, numerous MarginFi users hastily withdrew their assets from the protocol, resulting in the outflow of over $300 million, or nearly half of MarginFi's TVL, within a matter of days.

Pavlovsky 離開後，眾多 MarginFi 用戶匆忙從協議中撤回資產，導致短短幾天內就有超過 3 億美元的資金流出，即 MarginFi TVL 的近一半。

However, Peet asserted that Pavlovsky's departure was not driven by differences over the issuance of a token but rather attributed it to the demanding responsibilities that Pavlovsky faced as CEO.

然而，皮特聲稱，帕夫洛夫斯基的離職並不是由於代幣發行問題上的分歧，而是由於帕夫洛夫斯基作為執行長所面臨的艱鉅責任。

"There were no major disagreements over a token," Peet clarified. "It's incredibly taxing—building an on-chain finance protocol is a 24/7 endeavor, without weekends."

「在代幣問題上沒有重大分歧，」皮特澄清。 “這是非常繁重的工作——建立一個鏈上金融協議是一項 24/7 的工作，沒有周末。”

Peet further confirmed that MarginFi would launch a governance token in the future and is diligently working on its development.

Peet進一步證實，MarginFi未來將​​推出治理代幣，並正在努力開發。

"MarginFi is designed to be decentralized, which necessitates a token," Peet stated. "The Margin Foundation is not enthusiastic about releasing a token merely for the sake of it. We believe in creating a token that carries meaningful value and genuine governance weight."

「MarginFi 的設計是去中心化的，這需要一個代幣，」皮特說。 “保證金基金會並不熱衷於僅僅為了發行代幣而發行代幣。我們相信創建一種具有有意義的價值和真正的治理權重的代幣。”

Peet added that the significant withdrawals served as a rigorous "stress test" for MarginFi, demonstrating the protocol's ability to operate smoothly despite the substantial outflows.

Peet 補充說，大量提款對 MarginFi 來說是一次嚴格的“壓力測試”，表明該協議在資金大量流出的情況下仍能順利運行。

XBY Stablecoin: A Comprehensive Overview

XBY 穩定幣：全面概述

The XBY stablecoin will adopt a rebasing mechanism, meaning users' balances will expand as yield is accrued to the token. Initially, XBY yields will be derived from staking rewards generated from the token's LST collateral, with holders also slated to earn MarginFi lending yields in the future.

XBY穩定幣將採用變基機制，這意味著用戶的餘額將隨著代幣收益的增加而增加。最初，XBY 收益率將來自代幣 LST 抵押品產生的質押獎勵，持有者未來還將獲得 MarginFi 貸款收益率。

Peet highlighted that MarginFi users have already deposited "hundreds of millions of dollars in LSTs" into the protocol, which can be utilized as collateral for minting XBY upon the protocol's activation.

Peet 強調，MarginFi 用戶已經向該協議存入了“數億美元的 LST”，這些 LST 可以在協議啟動後用作鑄造 XBY 的抵押品。

Peet stated that "major protocols and DEXes" within Solana's DeFi ecosystem intend to support XBY, providing users with additional avenues for yield generation.

Peet 表示，Solana DeFi 生態系統中的「主要協議和 DEX」打算支援 XBY，為用戶提供額外的收益產生途徑。

Peet acknowledged that XBY's market capitalization may be constrained by the capitalization of SOL-based LSTs, adding that MarginFi plans to expand its supported collateral in the future.

Peet 承認，XBY 的市值可能會受到基於 SOL 的 LST 資本的限制，並補充說 MarginFi 計劃在未來擴大其支持的抵押品。

"We are primarily focused on commencing with LSTs, but that does not preclude us from expanding beyond that," Peet said. "There are numerous other alternatives to USDT or USDC, for instance, in terms of collateral types."

皮特說：“我們主要關注的是 LST，但這並不妨礙我們進一步擴展。” “例如，在抵押品類型方面，USDT 或 USDC 還有許多其他替代品。”

Peet also revealed that MarginFi intends to unveil the first "built-in stableswap" feature following XBY's deployment. This product will enable users to trade between stablecoins using the existing liquidity deposited in MarginFi, allowing users to simultaneously earn lending yields and swap fees.

Peet 也透露，MarginFi 打算在 XBY 部署後推出第一個「內建 stableswap」功能。該產品將使用戶能夠利用 MarginFi 中存入的現有流動性在穩定幣之間進行交易，從而使用戶能夠同時賺取借貸收益率和掉期費用。