Apricot Finance logo

Apricot Finance (APR)

Status
ICO
IDO

Apricot Finance is a decentralized platform for devolved financial solutions, providing over-collateralized loan protocols to its users.

Apricot Finance White Paper Whitepaper

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Interest lvl
Medium
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User Rating
Medium
3/5 1 votes
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Ticker
APR

What is Apricot Finance

Apricot aspires to be the go-to platform for decentralized financial solutions in the
thriving 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

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

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