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Marginfi

sendaifun/marginfi

Complete guide for Marginfi - Solana's decentralized lending protocol for lending, borrowing, leveraged positions(looping) and flash loans. Covers account creation, deposits, borrows, repayments, withdrawals, flash loans, and leveraged positions using the @mrgnlabs/marginfi-client-v2 SDK.

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on the repository, not the skill itself

Install

one command, takes just this skill from the repository
npx skills add https://github.com/sendaifun/skills --skill marginfi

What comes with it

82 577 bytes besides the instruction
docs/troubleshooting.md
examples/lending/borrow-repay.md
examples/lending/deposit-withdraw.md
resources/marginfi-sdk-api-reference.md
resources/program-addresses.md
templates/collateral-borrow-setup.ts
templates/full-integration.ts
templates/lending-setup.ts

The instruction itself

28 sections, as written by the author

Marginfi Development Guide

Build lending and borrowing applications on Solana with Marginfi - a decentralized, overcollateralized lending protocol offering deposits, borrows, flash loans, and leveraged positions.

Overview

Marginfi provides:

  • Lending & Borrowing: Deposit collateral to earn yield, borrow against your deposits
  • Multiple Accounts: Create multiple accounts per wallet with independent positions
  • Risk Management: Advanced health calculations using asset and liability weights
  • Flash Loans: Atomic, uncollateralized lending within a single transaction
  • Looping: Leverage positions by depositing and borrowing in a single transaction
  • Multi-Asset Support: SOL, USDC, LSTs (JitoSOL, mSOL), and more

Quick Start

Installation

# Marginfi client SDK
npm install @mrgnlabs/marginfi-client-v2

# Common utilities
npm install @mrgnlabs/mrgn-common

# Required peer dependencies
npm install @solana/web3.js @coral-xyz/anchor

Environment Setup

# .env file
SOLANA_RPC_URL=https://api.mainnet-beta.solana.com
WALLET_KEYPAIR_PATH=./keypair.json

Marginfi SDK (marginfi-client-v2)

The SDK enables interaction with Marginfi's lending protocol for deposits, borrows, repayments, withdrawals, and advanced operations.

Core Classes

| Class | Purpose |

|-------|---------|

| MarginfiClient | Main client for loading groups and banks |

| MarginfiAccountWrapper | User account management and lending operations |

| Bank | Individual lending pool configuration and state |

| Balance | Asset or liability position within an account |

| NodeWallet | Wallet adapter for server-side usage |

Initialize Client

import { MarginfiClient, getConfig } from "@mrgnlabs/marginfi-client-v2";
import { NodeWallet } from "@mrgnlabs/mrgn-common";
import { Connection, Keypair } from "@solana/web3.js";

const connection = new Connection("https://api.mainnet-beta.solana.com");
const keypair = Keypair.fromSecretKey(/* your secret key */);
const wallet = new NodeWallet(keypair);

// Get production configuration
const config = getConfig("production");

// Load Marginfi client
const client = await MarginfiClient.fetch(config, wallet, connection);

// Access banks
for (const [address, bank] of client.banks) {
  console.log(`${bank.tokenSymbol}: ${address}`);
}

Get Bank by Token

// Get bank by token symbol
const solBank = client.getBankByTokenSymbol("SOL");
const usdcBank = client.getBankByTokenSymbol("USDC");

// Get bank by mint address
const usdcMint = new PublicKey("EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v");
const usdcBankByMint = client.getBankByMint(usdcMint);

// Get bank by public key
const bank = client.getBankByPk(new PublicKey("..."));

Create Account

// Create a new Marginfi account
const account = await client.createMarginfiAccount();

console.log("Account address:", account.address.toBase58());
console.log("Authority:", account.authority.toBase58());

Fetch Existing Accounts

// Get all accounts for a wallet
const accounts = await client.getMarginfiAccountsForAuthority(wallet.publicKey);

for (const account of accounts) {
  console.log("Account:", account.address.toBase58());
  console.log("Active balances:", account.activeBalances.length);
  
  // Check positions
  for (const balance of account.activeBalances) {
    const bank = client.getBankByPk(balance.bankPk);
    const quantity = balance.computeQuantityUi(bank!);
    console.log(`  ${bank?.tokenSymbol}: Assets=${quantity.assets}, Liabilities=${quantity.liabilities}`);
  }
}

Deposit Collateral

async function deposit(
  account: MarginfiAccountWrapper,
  client: MarginfiClient,
  tokenSymbol: string,
  amount: number // UI-denominated amount (tokens, e.g., 1 for 1 SOL)
) {
  const bank = client.getBankByTokenSymbol(tokenSymbol);
  if (!bank) throw new Error(`Bank ${tokenSymbol} not found`);

  // Execute deposit
  const signature = await account.deposit(amount, bank.address);
  
  console.log("Deposit signature:", signature);
  return signature;
}

// Example: Deposit 1 SOL
await deposit(account, client, "SOL", 1);

Borrow Assets

async function borrow(
  account: MarginfiAccountWrapper,
  client: MarginfiClient,
  tokenSymbol: string,
  amount: number
) {
  const bank = client.getBankByTokenSymbol(tokenSymbol);
  if (!bank) throw new Error(`Bank ${tokenSymbol} not found`);

  // Execute borrow
    const signature = await account.borrow(amount, bank.address);
  
  console.log("Borrow signature:", signature);
  return signature;
}

// Example: Borrow 100 USDC
await borrow(account, client, "USDC", 100);

Repay Debt

async function repay(
  account: MarginfiAccountWrapper,
  client: MarginfiClient,
  tokenSymbol: string,
  amount: number,
  repayAll: boolean = false
) {
  const bank = client.getBankByTokenSymbol(tokenSymbol);
  if (!bank) throw new Error(`Bank ${tokenSymbol} not found`);

  // Execute repay
  const signature = await account.repay(amount, bank.address, repayAll);
  
  console.log("Repay signature:", signature);
  return signature;
}

// Partial repay
await repay(account, client, "USDC", 50);

// Repay all (handles accrued interest)
await repay(account, client, "USDC", 0, true);

Withdraw Collateral

async function withdraw(
  account: MarginfiAccountWrapper,
  client: MarginfiClient,
  tokenSymbol: string,
  amount: number,
  withdrawAll: boolean = false
) {
  const bank = client.getBankByTokenSymbol(tokenSymbol);
  if (!bank) throw new Error(`Bank ${tokenSymbol} not found`);

  // Execute withdraw
  const signature = await account.withdraw(amount, bank.address, withdrawAll);
  
  console.log("Withdraw signature:", signature);
  return signature;
}

// Partial withdraw
await withdraw(account, client, "SOL", 0.5);

// Withdraw all
await withdraw(account, client, "SOL", 0, true);

Advanced Operations

Flash Loans

Execute uncollateralized loans that must be repaid within the same transaction:

import { TransactionInstruction } from "@solana/web3.js";

async function executeFlashLoan(
  account: MarginfiAccountWrapper,
  customInstructions: TransactionInstruction[]
) {
  // Flash loan allows you to borrow without collateral
  // as long as you repay in the same transaction
  const signature = await account.flashLoan({
    ixs: customInstructions
  });
  
  console.log("Flash loan signature:", signature);
  return signature;
}

Looping (Leverage)

Deposit and borrow in a single transaction for leveraged positions:

import { AddressLookupTableAccount, TransactionInstruction } from "@solana/web3.js";

async function loop(
  account: MarginfiAccountWrapper,
  client: MarginfiClient,
  depositToken: string,
  borrowToken: string,
  depositAmount: number,
  borrowAmount: number,
  swapInstructions: TransactionInstruction[],
  swapLookupTables: AddressLookupTableAccount[]
) {
  const depositBank = client.getBankByTokenSymbol(depositToken);
  const borrowBank = client.getBankByTokenSymbol(borrowToken);
  
  if (!depositBank || !borrowBank) {
    throw new Error("Bank not found");
  }

  const signature = await account.loop(
    depositAmount,
    borrowAmount,
    depositBank.address,
    borrowBank.address,
    swapInstructions,
    swapLookupTables
  );
  
  console.log("Loop signature:", signature);
  return signature;
}

Repay with Collateral

Repay debt using deposited collateral via a swap:

async function repayWithCollateral(
  account: MarginfiAccountWrapper,
  client: MarginfiClient,
  repayAmount: number,
  withdrawAmount: number,
  depositToken: string,
  borrowToken: string,
  swapInstructions: TransactionInstruction[],
  swapLookupTables: AddressLookupTableAccount[]
) {
  const depositBank = client.getBankByTokenSymbol(depositToken);
  const borrowBank = client.getBankByTokenSymbol(borrowToken);
  
  if (!depositBank || !borrowBank) {
    throw new Error("Bank not found");
  }

  const signature = await account.repayWithCollateral(
    repayAmount,
    withdrawAmount,
    borrowBank.address,
    depositBank.address,
    swapInstructions,
    swapLookupTables
  );
  
  return signature;
}

Account Health

Computing Health Components

import { MarginRequirementType } from "@mrgnlabs/marginfi-client-v2";

// Get health components
const health = account.computeHealthComponents(MarginRequirementType.Initial);
console.log("Assets:", health.assets.toString());
console.log("Liabilities:", health.liabilities.toString());

// Get free collateral (borrowing capacity)
const freeCollateral = account.computeFreeCollateral();
console.log("Free collateral:", freeCollateral.toString());

Bank Information

Get Bank Details

const bank = client.getBankByTokenSymbol("SOL");
if (bank) {
  console.log("Address:", bank.address.toBase58());
  console.log("Token Symbol:", bank.tokenSymbol);
  console.log("Mint:", bank.mint.toBase58());
  console.log("Decimals:", bank.mintDecimals);
  
  // Compute rates
  const rates = bank.computeInterestRates();
  console.log("Lending Rate:", rates.lendingRate.toString());
  console.log("Borrowing Rate:", rates.borrowingRate.toString());
  
  // Compute totals
  const totalAssets = bank.getTotalAssetQuantity();
  const totalLiabilities = bank.getTotalLiabilityQuantity();
  const utilization = bank.computeUtilizationRate();
  
  console.log("Total Assets:", totalAssets.toString());
  console.log("Total Liabilities:", totalLiabilities.toString());
  console.log("Utilization:", utilization.toString());
}

Building Instructions (Low-Level)

For more control, build instructions separately:

// Build deposit instruction without executing
const { instructions, keys } = await account.makeDepositIx(
  1,
  solBank.address
);

// Build borrow instruction
const borrowIx = await account.makeBorrowIx(
  100,
  usdcBank.address
);

// Build repay instruction
const repayIx = await account.makeRepayIx(
  50,
  usdcBank.address
);

// Build withdraw instruction
const withdrawIx = await account.makeWithdrawIx(
  0.5,
  solBank.address
);

Environment Configuration

The SDK supports multiple environments:

import { getConfig } from "@mrgnlabs/marginfi-client-v2";

// Production (mainnet)
const prodConfig = getConfig("production");
// Program: MFv2hWf31Z9kbCa1snEPYctwafyhdvnV7FZnsebVacA
// Group: 4qp6Fx6tnZkY5Wropq9wUYgtFxXKwE6viZxFHg3rdAG8

// Alpha (mainnet)
const alphaConfig = getConfig("alpha");

// Staging
const stagingConfig = getConfig("staging");

// Development
const devConfig = getConfig("dev");

Constants

SDK exports useful constants:

import {
  PDA_BANK_LIQUIDITY_VAULT_AUTH_SEED,
  PDA_BANK_INSURANCE_VAULT_AUTH_SEED,
  PDA_BANK_FEE_VAULT_AUTH_SEED,
  PYTH_PRICE_CONF_INTERVALS,
  SWB_PRICE_CONF_INTERVALS,
  MAX_CONFIDENCE_INTERVAL_RATIO,
  DEFAULT_ORACLE_MAX_AGE,
  USDC_DECIMALS,
  ADDRESS_LOOKUP_TABLE_FOR_GROUP,
} from "@mrgnlabs/marginfi-client-v2";

Resources

| Resource | Link |

|----------|------|

| Official SDK Documentation | docs.marginfi.com/ts-sdk |

| Protocol Documentation | docs.marginfi.com |

| GitHub Repository | github.com/mrgnlabs/mrgn-ts |

| SDK Package | @mrgnlabs/marginfi-client-v2 |

| Common utilities | @mrgnlabs/mrgn-common |

| SDK Configs | configs.json (repo) |

| SDK Constants | constants.ts (repo) |

> Note: The linked configs.json and constants.ts may not be exhaustive — check the official repository for the latest values and additional constants.

  • marginfi-sdk-api-reference.md - Complete API reference
  • program-addresses.md - Program and account addresses
  • troubleshooting.md - Common issues and solutions

How to use it

Copy the folder

Take sendaifun/marginfi from the repository into ~/.claude/skills for personal use, or into .claude/skills inside a project.

Check the name does not clash

The agent identifies a skill by the name field in its header. Two skills with the same name cannot sit side by side — one of them will be ignored.

Install what it needs

The instructions reference npm. Without those the skill loads but fails at the first command.