marginfi

ChainCatcher news, the Solana lending protocol Marginfi announced on social media that it will launch mrgnswap, allowing users to leverage long/short any Meme token.The official introduction page shows that leveraged long and short trading is allowed even if the token has just been created, and transactions will be executed immediately. Currently, it is in the phase of applying for early testing qualifications by filling out an email.

ChainCatcher news, the Solana ecosystem DeFi protocol marginfi announced on social media that its liquid staking token LST is now live on Coinbase Custody.

ChainCatcher message, according to DefiLlama data, possibly influenced by the resignation of MarginFi founder Edgar Pavlovsky, MarginFi experienced a net outflow of $155 million, with its total value locked also dropping to $524 million, down from $738 million on Tuesday.

ChainCatcher news, Solana ecosystem margin protocol Marginfi founder Edgar Pavlovsky posted on social media that he has left the Marginfi team.Edgar acknowledged that Marginfi is a world-class team, but he personally cannot agree with the way things are done internally or externally. Edgar expressed a desire to focus his energy on work that he believes is important for society.Currently, lawyers are still addressing the issue of the founder's departure, but Edgar himself has informed all relevant parties that he does not truly care about tokens, money, or anything else. Even though his recent financial situation has been poor, with personal income nearly at zero. However, Edgar does not have any next steps planned at this time.

ChainCatcher news, the Solana ecosystem lending protocol Solend announced on social media that it will airdrop to users who withdraw from marginfi and deposit into Solend. The specific amount of the airdrop will be proportional to the dollar value transferred by the user, and the funds must be held for a period of time to qualify. More details will be shared soon.

ChainCatcher news, the Solana ecosystem lending platform marginfi announced on social media that it has completed the early development of the YBX token, which will launch on the mainnet in mid to late March. YBX is minted from LST on marginfi and is supported by jitoSOL, mSOL, bSOL, and LST assets.ChainCatcher previously reported that Marginfi will release a high-yield decentralized stablecoin YBX in early 2024, which will be supported by Solana ecosystem LST and can earn Solana staking yields (approximately 8%), MEV capture (using Jito's MEV client LST), and loan yields (in the form of marginfi).

ChainCatcher news, Solana's DeFi margin protocol Marginfi has announced the 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 ecosystem LSTs, allowing users to earn Solana staking yields (approximately 8%), MEV capture (using Jito's MEV client for LSTs), and loan yields (in the form of marginfi).

ChainCatcher message, OKX has officially launched the OKX Cryptopedia Solana special event, aimed at helping users interact more conveniently by providing the latest market information and popular DApps. This issue covers four major DApps: MarginFi, Jupiter, Kamino Finance, and Meteora, with no task verification and only interaction suggestions provided. Users with version 6.41.0 and above of the OKX APP can switch to the Web3 wallet, enter the discovery section, and click on Cryptopedia to participate.It is reported that Cryptopedia is a one-stop DApp exploration and reward interaction platform. The platform will regularly launch events themed around different blockchain networks and collaborate with corresponding partners to set DApp interaction tasks. Cryptopedia aims to discover and aggregate potential projects, lower the entry barrier to Web3, and reduce users' search costs, allowing for precise interactions even during fragmented time.

ChainCatcher news, the Solana ecosystem lending platform Marginfi tweeted that users who deposited mSOL into Marginfi from October 1 to December 31 last year are eligible for rewards, earning 1 MNDE for every 1 mSOL staked on Marginfi.

ChainCatcher news, Marginfi has now integrated with the OKX Web3 wallet. Users can engage in lending, staking, swapping, and cross-chain asset transactions on Marginfi through the OKX Web3 wallet plugin. Marginfi is a decentralized lending protocol on Solana that prioritizes risk management, providing a safe and reliable solution for users seeking leverage and maximizing capital efficiency. Additionally, Marginfi has introduced an AI bot named Omni, which answers user questions through AI.It is reported that the OKX Web3 wallet is an industry-leading one-stop Web3 gateway, now supporting over 85 public chains, with a unified experience across app, plugin, and web. It covers five major areas: wallet, DEX, DeFi, NFT marketplace, and DApp exploration, and supports Ordinals marketplace, MPC and AA smart contract wallets, gas exchange, and hardware wallet connections.