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Solana’s Defi Landscape to Shift With Marginfi’s Introduction of YBX Stablecoin

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The decentralized lending protocol built on the Solana blockchain, Marginfi, announced the upcoming launch of YBX, which is expected to be the first notable decentralized stablecoin on Solana, aiming to provide an alternative to the network’s heavy reliance on Circle’s centralized stablecoin usd coin (USDC). The stablecoin, backed by SOL-based liquid staking derivatives (LSDs), is … Read more

Vaneck Introduces Meme Coin Tracking With ‘MEMECOIN’ Index

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The investment management firm Vaneck has expanded into the meme coin sector with the launch of its new Marketvector meme coin index, “MEMECOIN.” This index, available through Marketvector Indexes—a company focused on digital assets and various other sectors—monitors the performance of the leading six meme coins. MEMECOIN primarily operates as a modified market cap-weighted index, … Read more