Overview
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OpenWhat 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.
DetailsPublic sales: Nov 18, 2021 - Nov 18, 2021IDO (Solanium Launchpad): TBA - TBA IDO (Bullperks Launchpad): Sep 06, 2021 - Sep 07, 2021 Raised: 800,000 USD LegalBlockchain Platform: SolanaCountry limitations: 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 infoTicker: APRToken price in USD: 1 APR = 0.3 USDC Token distribution: Reserve & Treasury - 10% Protocol Incentives & Ecosystem - 10% Private Sale - 20% Public Sale - 4% Team & Advisors - 16% Liquidity Mining - 40% |
Apricot Finance Roadmap
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
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
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
Social media
MVP
