TechFlow news: Solana-based DeFi protocol Marginfi has announced YBX, an over-collateralized stablecoin set to capture Solana staking yields and MEV rewards.
YBX will be a stablecoin backed by $jitoSOL, $mSOL, $bSOL, and other LSTs, minted through collateralizing LSTs on marginfi.
Holders will earn Solana staking yields, with each $YBX accumulating USD value over time. $YBX is expected to launch on mainnet in mid-to-late March, alongside an incentives program.




