what's marginfi?
MarginFi is a Solana-based DeFi lending/borrowing protocol that has transitioned into "Project 0" (@0dotxyz), a DeFi aggregator allowing users to borrow against their entire DeFi portfolio in one transaction. The project announced a token launch for 2025 with TGE details to be revealed at Solana Breakpoint.
marginfi and sister app schedule Project 0 token launch Q1 2026.
Links
x.com/marginfiPowers Asgard's Credit-Backed Positions (CBP) product through its credit infrastructure, enabling spot exposure with isolated vaults, private execution, and MEV protection.
Project 0 token launch scheduled for Q1 2026 by the lending protocol and its sister app.
The founder launched a new project and secured funding for it before marginfi completed its Token Generation Event, according to community allegations of abandonment after fee collection.
Project shutting down current operations for acquisition by DropsBotHQ, canceling previously announced airdrop and converting existing points to DropsBot points.
Community member publicly labels the project as a scam, accusing it of exploiting users who contributed significant money and opportunity cost to push TVL without adequate compensation.
0dotxyz proposes initial token allocation structure with 20% for community including 15% airdrop to marginfi and Project 0 points holders and 5% to power users and integration partners ahead of upcoming token launch.
Project founder's social media activity raises red flags among community members farming the points program, creating potential reputational risks.
Major infrastructure migration to Project 0 is now live, powering all marginfi operations with existing positions automatically transferred and enhanced rewards for MRGN points holders.
Project leadership confirms no exposure to compromised packages identified by Ledger CTO.
Two MRGN entities confirm voting in favor of Alpenglow proposal.
Active arbitrage opportunity exists between native staking rates and protocol rates.
$CLOUD pool technical issues affecting select users have been resolved.
Technical bug restricts withdrawals in 2 pools of beta product 'The Arena'; fix currently in audit.
TVL declining while competitor Kamino experiences growth, indicating loss of market share and user migration to competing protocol.
Points program reaches 749 days without token release.
Current yield spread opportunity: Borrow USDC at 8%, lend on Drift at 11% for 3% stable return.
Weekly USDS lender rewards increase by 33% from 1.5K to 2K USDS.
New weekly rewards program distributes 2.5K JTO tokens to JitoSOL lenders and SOL borrowers.
Current USDS rewards yield reaches 8.5%, ranking third highest among major DeFi protocols across multiple chains.
New DeFi product launches in August featuring on-chain pricing system, new liquidation mechanism, and cross-chain compatibility with ETH and Hyperliquid. Product integrates with major Solana protocols including Drift, Kamino, Solend, and Jupiter.
$800K USDS liquidity added to platform, creating new arbitrage opportunities for SKY token holders.
New USDS rewards program launches in partnership with Sky Ecosystem, offering weekly proportional rewards for depositors.
Platform expands borrow position looping functionality to all assets, enabling broader leverage opportunities across the lending protocol.
Monthly buyback removes 1% of total supply as cumulative revenue surpasses 250k SOL.
New lending feature enables borrowing against Temporal validator staked SOL, offering 7.86% staking APY and 5.70% borrowing rate with potential 27.3% maximum yield through looping.
Multiple new releases and completely new product launching within 24-48 hours.
Reputable user slashes protocol for 200 points on Ethos Network, citing poor project management and communications.
TVL reaches 2-year low at $160M, now trails HyperEVM's Felix Protocol by 20%.
USDC lending protocol reduces fixed fee to ~0% and halves interest rate fee to ~6%, improving yields for lenders and reducing costs for borrowers.
New partnership with Rockode enables Ethereum users to access Solana ecosystem through yield infrastructure.
New Activity Tab launches with transaction history tracking and one-click replay functionality for flashloans and borrows.
SOL deposits currently earning 100% APY through active yield farming opportunity.
Native SOL staking generates 20% APY through productive collateral mechanism.
Staked Collateral feature offers 20%+ APY on SOL with minimal liquidation risk.
Native SOL staking with MEV capabilities now live, creating immediate arbitrage opportunities.
LTV ratio increased to 90% for staked SOL collateral, enabling higher borrowing capacity.
New staking mechanism combines SOL staking and MEV rewards while maintaining collateral accessibility.
Upcoming token airdrop mentioned but no specific dates provided.
Points program has been active for over 603 days.
Launched native validator stake as collateral feature on January 30, 2025. First lending venue in crypto to offer this feature. About 65% of SOL is staked with 92% being native staked.
Planning to end points system as early as 2030 according to founder statements.
Announced not launching token in 2024/2025. Offering 40% APY on USDS deposits, sunsetting program over next few months after 18-month experiment.
New feature launch announced for next week, targeted at power users.
Noted for having high USDC rates.