The Solana ecosystem DeFi protocol, Marginfi, will issue a stablecoin YBX supported by Solana LST

The DeFi margin protocol of Solana, Marginfi, has announced a new stablecoin project YBX on its social platform. According to the page information, Marginfi will launch the high-yield decentralized stablecoin YBX in early 2024, which will be supported by Solana's ecosystem LST and can earn Solana staking yield (about 8%), MEV capture (using Jito's MEV client's LST) and loan yield (in the form of marginfi).