Product Updates :)

The highest yielding LST, an automated arbitrage experience, and something new

Some big product announcements are about to go live. Here’s what we’ve been working on:

mrgnloop

mrgnloop is the most efficient automated rate arbitrage venue on Solana. Thanks to our flashloan capabilities, asset selection, and deep liquidity, users will be able to arb interest rates across a wide selection of assets — all in one click.

This has already been live for early access users. If you want early access to our next big product, sign up here.

LST extends its gap as the highest yielding LST on Solana — by over 1% in annual yield

$LST is now yielding 1%+ more in annual yield than products like mSOL, jitoSOL, and bSOL. Our team has deployed custom voting modifications to our validators, on top of 0% commission, no LST fees, and MEV capture to give stakers the absolute best staking yield possible.

The incredible feat is that none of this is subsidized. This is pure staking yield, captured by our deep understanding of the inefficiencies in the Solana network coupled with our technical ability to patch these issues and accrue excess rewards.

This isn’t all. An important networking update is coming called TVC that will further widen our gap in yield performance with the field. If you’re a large staker, you’re probably missing out on millions per year by not staking to $LST.

New listings, new cap increases, new oracles, better risk

Solana continues to see a surge in memecoin trading. We don’t see this stopping. We’re providing memecoin holders, shorters, traders, and haters with better tooling to manage their memecoin positions. We’re also shipping some entirely new products (see the next section 😏) to add fuel to the fire.

We recently moved Wormhole ($W) to the main pool on marginfi, and we increased capacity with $Mother, $hSOL, $jupSOL, $PRCL, and $picoSOL. This week we plan to add $hSOL and $jupSOL to our main pool — make sure you’re in before they get maxed out!

We’re also testing massive (always audited) improvements to both our Pyth and Switchboard oracles. The user experience on marginfi has already massively leveled up (and will continue to improve). In addition to this, we’ve deployed our team to tackle tough problems in the core Solana protocol creating the widespread congestion you might occasionally feel across every application. Watch out for some updates on that front :)

Better oracles, better usability, and a deep, quantitative process to our new bank listings and capacity increases is part of our risk-centric approach to marginfi. If you’re looking for the most stress-tested lending and liquidity infrastructure on Solana, it’s marginfi.

mrgnswap: coming soon™️ (early access in a week)

We recently shipped some big extensions to marginfi. You can now create isolated, permissionless pools around any token you want, with any collateral you want.

If you want leverage on a new token — for illustrative purposes, let’s call it $Mother — and you want to use e.g. $USDT and $LST as collateral, you can instantly create a marginfi group with these tokens. Once you share this pool with others, you can expect people to short and leverage long your tokens in one click, with our innovative flashloans. This will drive up lending yield, giving HODLers incredible rates on any new memecoin you’re holding, while attracting more liquidity to get even more leverage on the tokens you want.

We already have some cutting edge teams building differentiated solutions on this infrastructure! The cool thing is that as these teams attract more users and liquidity, every other team can then use that liquidity to their benefit! This is real unified liquidity — screw fragmentation. If you’re a team that wants to be a part of this, get in touch! We have some additional incentives :)

Token22

We’ll be an incentivized venue for the pyUSD launch on Solana. Get ready, incentives are going live this week! To enable pyUSD on marginfi, we put a lot of work into making marginfi token22 compatible. Token22 is a new SPL token standard on Solana that allows for a range of capabilities like:

• confidential transfers

• transfer fees

• closing mint

• interest-bearing tokens

• non-transferable tokens

• permanent delegate

and more. Something important is that all these additional capabilities also add additional risks. We’ve worked with teams like OtterSec to ensure every step we took while adding token22 capabilities was carefully audited and reviewed.

It’s an exciting few weeks at marginfi. There’s also some other announcements I’ve kept out of this update — you’ll have to have post notifications on with our twitter and subscribe to our substack to be first to know!

vm mrgn mamas