For me MarginFi has now relegated to a mid-level play with the original Lend, Borrow and Liquid Staking functions.
Most of the additional features provided on their site are leveraged from other Solana providers like Jupiter, Meteora, Orca, Raydium.
There is nothing wrong with that but I dont see the unique incentive - unless you are collecting points, airdrops in the hope they will have value.
Back in April 2024 there was FUD about reserves and Liquidity after the CEO quit https://x.com/marginfi/status/1778184679910166711 But time passed and the protocol smart contracts functioned as expected - but worth clicking the bottom right icon for protocol data (see image)https://mrgn.grafana.net/public-dashboards/a2700f1bbca64aeaa5582a90dbaeb276?orgId=1&refresh=1m.
The platform continues to read, 'solana network congestion' ...even when the oracles are working fine.
For me it is a place to earn APY on dry powder USDC & USDT while I am waiting to deploy Show Less