According to Foresight News, Solana-based lending platform Marginfi has announced the completion of early development for its YBX token, which is set to launch on the mainnet in late March. The YBX token is minted on Marginfi's LST platform and is backed by jitoSOL, mSOL, bSOL, and LST assets.
In a previous announcement, Marginfi stated that the YBX token would offer approximately 8% staking rewards on Solana, MEV capture using Jito's MEV client for LST, and lending returns within the Marginfi platform.