MarginFi 推出 XBY，Solana 的第一个产生收益的去中心化稳定币

MarginFi 在 Solana 上按 TVL 排名第六，计划推出 XBY（一种可产生收益的去中心化稳定币）来抵押 Solana 的流动质押技术 (LST)，从而减少网络对 USDC 的依赖。尽管 MarginFi 联合创始人兼首席执行官埃德加·帕夫洛夫斯基 (Edgar Pavlovsky) 最近辞职，但该项目仍定于本月启动，承诺流动性约为 1200 万美元。

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

MarginFi 推出 XBY，Solana 首个可产生收益的去中心化稳定币

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 上领先的 DeFi 协议 MarginFi 将推出 XBY，这是区块链上第一个具有内置收益生成功能的去中心化稳定币，这是一项突破性举措。 XBY 的部署目标定于 6 月，旨在通过减少对中心化稳定币 USDC 的依赖并为 DeFi 应用程序提供更强大的基础，彻底改变 Solana 上的稳定币格局。

"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 联合创始人 MacBrennan Peet 在最近的 Solana Crossroads 2024 会议上表示：“Solana DeFi 目前过度依赖 USDC。” “如果 USDC 继续从一年前开始下滑，Solana DeFi 将面临严重问题，因为 USDC 是所有主要交易对的支柱。”

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 通过利用基于 Solana 的流动性质押技术 (LST) 作为抵押品来解决此漏洞。这种创新方法确保 XBY 得到充分抵押，为寻求可靠稳定币选择的用户提供信心和稳定性。

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.

为了进一步增强其稳定性，MarginFi 已获得约 1200 万美元的承诺流动性。该平台的目标是在推出前筹集超过 1 亿美元，反映出人们对 XBY 改变 Solana 的 DeFi 生态系统的潜力的浓厚兴趣。

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.

继 MarginFi 联合创始人兼首席执行官 Edgar Pavlovsky 一个月前意外离职后，XBY 即将亮相的消息在 Solana 社区引发了兴奋。尽管早期用户已经积累了通常有资格获得未来空投的积分，但帕夫洛夫斯基的辞职引发了对该项目未来方向的担忧。

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.

针对这一猜测，皮特断言，巴甫洛夫斯基下台的决定源于开发复杂金融协议所面临的巨大压力，而不是因为在发行治理代币方面存在任何分歧。

"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."

“代币是唯一的争论点，”皮特解释道。 “构建链上金融协议是一项 24/7 的工作；没有周末。”

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

Peet 进一步透露，MarginFi 正在积极开发自己的治理代币，该代币将于稍后公布。

"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 的愿景始终是创建一个带有代币的去中心化系统。Margin 基金会不会仅仅为了代币而对代币感兴趣，”Peet 表示。 “我们对具有真正治理价值和实际效用的代币感兴趣。”

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.

皮特认为，最近因巴甫洛夫斯基离职而引发的 MarginFi 协议大规模撤资是一次严格的“压力测试”。尽管出现大量资金外流，MarginFi 仍继续完美运营，展现了其韧性和团队的承诺。

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 被设计为一种基础稳定币，这意味着随着代币收益的增加，用户的 XBY 余额会随着时间的推移而增加。最初，代币持有者将从 LST 抵押品产生的质押奖励中获得 XBY。随着协议的成熟，用户还将有资格从 MarginFi 借贷回报中获得额外收益。

"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.

“在发布时，MarginFi 用户将提供价值数亿美元的 LST，这些 LST 将作为铸造 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 的推出标志着 Solana DeFi 生态系统的一个重要里程碑，提供了急需的去中心化稳定币替代方案，并减少了网络对外部中心化实体的依赖。 MarginFi 对创新的承诺和用户坚定不移的支持使 XBY 成为快速发展的数字金融世界中的游戏规则改变者。