![]() | Apricot Finance (APR) |
Status
ICO
IDO
Apricot Finance is a decentralized platform for devolved financial solutions, providing over-collateralized loan protocols to its users.
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What is Apricot Finance
Apricot aspires to be the go-to platform for decentralized financial solutions in thethriving Solana ecosystem. The project will launch initially with an over-collateralized
loan protocol that differentiates itself by giving borrowers best-in-class borrowing power
and low liquidation penalties with high predictability in outcome. As the platform expands, Apricot may tap into the concept of securitization in traditional finance to help manage a bad debt collateral pool accumulated through Apricots 2-hour liquidation guarantee program. Apricot also plans to launch a rich set of related products in near future,
such as orderbook-based fixed rate loans, customizable financial derivatives, templatebased high frequency operations, low-to-no collateral loans, etc., to accommodate a wide range of user needs.
Apricot will be running on the Solana blockchain, whose unique combination of high
transaction throughput and ultralow time-to-finality provide a highly scalable and costeffective solution for the future of blockchains and decentralized finance.
Apricot Finance Roadmap
1
Q2 Testnet launch
Apricot Lend
Apricot Assist
Apricot Rescue
- Deposit in an asset pool for interest
- Borrow over-collateralized loans
- Borrower-friendly with lender protection
- Securitization & COT for long-term value
2
Q3 Mainet launch
Apricot Fixed-Rate
- User-specified lending terms
- For users who prefer predictable yields
DeFi Fintech Module
- Template-based derivative/high-frequency operations
- For advanced DeFi users to perform a full set of operations within a single transaction. May be used for market arbitrage, margin trade, liquidation, and more
3
Q4
Low-to-no Collateral Loan
- Money market for asset borrowing with low or no collateral requirement
- For users with platform-wise high credibility
- Higher risk, higher interest rates
Token Sale Dates
ICO
Start date: Nov 18, 2021
End date: Nov 18, 2021
IDO
Start date: Sep 06, 2021
End date: Sep 07, 2021
Funding Details
Funds Raised (as of now) 800,000 USD
Restrictions
Residents of the following countries are prohibited from participating
Afghanistan, Ivory Coast, Cuba, Iraq, Iran, Liberia, North Korea, Syria, Sudan, South Sudan, Zimbabwe, Antigua, United States of America, American Samoa, Guam, Northern Mariana Islands, Puerto Rico, United States Minor Outlying Islands, US Virgin Islands, Belarus, Albania, Burma, Central African Republic, Democratic Republic of Congo, Lybia, Somalia, Yemen, Mainland China and Crimea & Sevostopol
Afghanistan, Ivory Coast, Cuba, Iraq, Iran, Liberia, North Korea, Syria, Sudan, South Sudan, Zimbabwe, Antigua, United States of America, American Samoa, Guam, Northern Mariana Islands, Puerto Rico, United States Minor Outlying Islands, US Virgin Islands, Belarus, Albania, Burma, Central African Republic, Democratic Republic of Congo, Lybia, Somalia, Yemen, Mainland China and Crimea & Sevostopol
Token distribution
Reserve & Treasury - 10%
Protocol Incentives & Ecosystem - 10%
Private Sale - 20%
Public Sale - 4%
Team & Advisors - 16%
Liquidity Mining - 40%
Token Price and Payment Options
Token price USD 1 APR = 0.3 USDC










