MarginFi 推出 XBY 稳定币以减少 Solana 对 USDC 的依赖

Solana 上领先的 DeFi 协议 MarginFi 宣布计划于本月晚些时候推出 XBY，这是一种有收益的去中心化稳定币。 XBY 旨在通过基于 SOL 的流动质押协议 (LST) 进行完全抵押，减少 Solana 对 USDC 等中心化稳定币的依赖。尽管首席执行官 Edgar Pavlovsky 最近离职，MarginFi 仍然致力于推出 XBY 并在未来推出治理代币。该稳定币预计将提供大量的收益赚取机会，因为它最初将从质押奖励中获取收益，然后再纳入 MarginFi 贷款收益。 MarginFi 还计划推出“内置稳定互换”功能，允许用户在稳定币之间进行交易，同时赚取贷款收益率和互换费用。

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

MarginFi 公布 XBY 推出计划，旨在缓解 Solana 对 USDC 的依赖

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) 协议 MarginFi 宣布打算在本月内推出备受期待的具有收益的去中心化稳定币 XBY。这一消息是 MarginFi 联合创始人 MacBrennan Peet 在 Solana Crossroads 2024 会议上透露的。

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，他的团队准备完成 XBY 的第二次审计，并打算在 6 月之前部署稳定币。他强调，XBY 将由基于 Solana 的流动质押协议（LST）全额抵押，为 Solana 提供去中心化的稳定币，能够减少生态系统对领先的中心化稳定币 USDC 的严重依赖。

"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 严重依赖 USDC，”Peet 表示。 “如果 USDC 像一年前那样脱钩并保持脱钩状态，Solana DeFi 将面临重大挑战，因为 USDC 是所有主要交易对的基础。”

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，该项目已获得约 1200 万美元的初始承诺流动资金，预计在启动前吸引超过 1 亿美元。

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 即将到来之前，MarginFi 联合创始人兼首席执行官埃德加·帕夫洛夫斯基 (Edgar Pavlovsky) 上个月突然辞去了该项目的职务。据报道，此举源于对该项目是否应该发布治理代币的明显分歧，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。

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 离开后，众多 MarginFi 用户匆忙从协议中撤回资产，导致短短几天内就有超过 3 亿美元的资金流出，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，皮特声称，帕夫洛夫斯基的离职并不是由于代币发行问题上的分歧，而是由于帕夫洛夫斯基作为首席执行官所面临的艰巨责任。

"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."

“在代币问题上没有重大分歧，”皮特澄清道。 “这是非常繁重的工作——建立一个链上金融协议是一项 24/7 的工作，没有周末。”

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

Peet进一步证实，MarginFi未来将推出治理代币，并正在努力开发。

"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 的设计是去中心化的，这就需要一个代币，”皮特说。 “保证金基金会并不热衷于仅仅为了发行代币而发行代币。我们相信创建一种具有有意义的价值和真正的治理权重的代币。”

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 补充说，大量提款对 MarginFi 来说是一次严格的“压力测试”，表明该协议在资金大量流出的情况下仍能顺利运行。

XBY Stablecoin: A Comprehensive Overview

XBY 稳定币：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稳定币将采用变基机制，这意味着用户的余额将随着代币收益的增加而增加。最初，XBY 收益率将来自代币 LST 抵押品产生的质押奖励，持有者未来还将获得 MarginFi 贷款收益率。

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 强调，MarginFi 用户已经向该协议存入了“数亿美元的 LST”，这些 LST 可以在协议激活后用作铸造 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 生态系统中的“主要协议和 DEX”打算支持 XBY，为用户提供额外的收益生成途径。

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 承认，XBY 的市值可能会受到基于 SOL 的 LST 资本的限制，并补充说 MarginFi 计划在未来扩大其支持的抵押品。

"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."

皮特说：“我们主要关注的是 LST，但这并不妨碍我们进一步扩展。” “例如，在抵押品类型方面，USDT 或 USDC 还有许多其他替代品。”

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 还透露，MarginFi 打算在 XBY 部署后推出第一个“内置 stableswap”功能。该产品将使用户能够利用 MarginFi 中存入的现有流动性在稳定币之间进行交易，从而使用户能够同时赚取借贷收益率和掉期费用。