Marginfi is a cool, early stage decentralized lending protocol specifically designed for the Solana network. Diverging away from conventional financial lending systems, Marginfi introduces a permissionless array of smart contracts, providing users with a transparent, efficient, and flexible platform for both borrowing and lending services.
So for the platform has supplied over $123 million in total assets, have over $28 million in borrowed assets, and over $144 million in TVL across the whole platform, which are decent numbers for an early stage platform.
Apart from the stablecoins USDT and USDC most APY yields for lending are very low but on the flipside this makes borrowing these assets right now a very low APY % also.
Right now all the signs are looking good for the platform, especially with the recovery of Solana that we have seen this year. I am looking forward to seeing how MarginFi continues to grow and expand with more pools and products being created in the future. Show Less
2
