Bittime - Solana-based lending protocol, is preparing to launch a new stablecoin product called YBX that offers native income. In addition, MarginFi also announced the development of another new product, mrgnswap, which will be launched in 2024.
Margin Launches YBX: Stablecoin with Real Income
MarginFi introduces YBX, a stablecoin that offers native income for its users. Reportedly, YBX has gone through an audit process and is ready to be released in the near future.
The presence of YBX is expected to be an attractive source of additional income for users active in the MarginFi ecosystem.
Unfortunately, further details regarding the real income mechanism offered by YBX have not been officially announced by MarginFi.
However, the presence of stablecoins with this income scheme is certainly a new breakthrough that is worth anticipating.
Check Today's Crypto Market:
MarginFi Launches mrgnswap for Stablecoin Exchange
Apart from YBX, MarginFi is also developing mrgnswap, a new product which will be launched in 2024.
mrgnswap will focus on the field of stablecoin swaps, making it easy for users to swap between various popular stablecoins efficiently.
With the presence of mrgnswap, MarginFi hopes to provide a more complete and integrated trading experience for its users.
Multiple Profits: $LST, mrgnlend, and $YBX
MarginFi not only provides crypto lending services, but also offers various ways for developers and users to profit from their activities within the MarginFi ecosystem. There are three main ways to earn integrated income:
- Natural Staking Income with $LST: Users can earn natural staking income via MarginFi's native $LST token. The more $LST held, the greater the potential income that can be earned.
- Local Token Earning via mrgnlend: The existing mrgnlend product allows users to earn additional local tokens from crypto lending activities.
- Local Stablecoin Asset Income with $YBX: The launch of YBX stablecoin with native income is expected to be an exciting new source of income for MarginFi users.
Also Read How to Buy Crypto:
Funding Program for Developers
MarginFi not only focuses on developing their own products, but also seeks to support the growth of Solana's DeFi ecosystem as a whole.
In the coming weeks, MarginFi plans to launch a special funding program for developers.
This program aims to support developers who want to utilize MarginFi's financial infrastructure to build decentralized applications (DApps).
In this way, MarginFi hopes to further enrich and strengthen the Solana ecosystem as a whole.
Check Crypto Prices Today:
How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Solana DeFi Users Remain Calm Despite Network Disruption
Solana DEX Takes DeFi World by Storm: Trading Activity Jumps 177%
DeFi Innovation on Solana: Sharky Teams Up with Jupiter DEX for NFT Lending
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.