Marginfi’s founder, Edgar Pavlovsky, has announced his decision to step away from the project. He cited discrepancies in internal and external practices as the primary reason for his departure. While the lawyers are still working out the details, Pavlovsky has communicated that he is not concerned about tokens, money, or any financial aspects.
According to DefiLlama data, the protocol has allocated liquidity exceeding $580 million, making it the fifth highest in terms of locked value within the Solana ecosystem. Despite acknowledging his own failure as a founder, Pavlovsky did not provide further elaboration on the circumstances surrounding his departure.