Feb 10A New ChapterDear Apricots, We recently announced our plan to support Aptos network as we embark on a multichain journey. We want to hereby provide some color on the decision itself as well as updates on our development status. <Lessons Learnt> Apricot Finance launched on Solana mainnet around 16 months ago. It…The Future2 min readThe Future2 min read
Nov 13, 2022Updates to LTVsDear Apricots 🍑, Given current events and future uncertainty, please take note that we’ll proceed to modify the liquidation threshold of our supported assets per following schedule. Please adjust your existing positions accordingly to avoid unexpected liquidations. Note that the above table lists liquidation threshold. LTV is 90% of the…1 min read1 min read
Nov 6, 2022Parameter AdjustmentTo follow up on our previous update regarding scnSOL, we are making the following adjustments to our collateral LTVs: scnSOL: 80% to 0% ORCA: 80% to 50% SRM: 80% to 50% Sollet ETH: 80% to 60% Above parameter changes take into consideration of the various assets’ data availability and market…1 min read1 min read
Oct 28, 2022scnSOL Incident UpdateWe recently liquidated a large amount of scnSOL deposited on Apricot as a result of a price anomaly caused by us depending on a price source that was no longer in maintenance. As a risk policy, we usually require listed tokens to have at least 2 price sources, as we…1 min read1 min read
Jul 5, 2022Apricot Finance Releases X-Farm 2.0 — A Better Leveraged Farming ExperienceWhen we first launched our cross-margin farming platform, X-Farm, user feedback was that it’s difficult for less experienced traders and DeFi farmers to understand their price exposure with regards to their leveraged farming positions — This changes today with the release of X-Farm 2.0, and the team couldn’t be more…Defi3 min readDefi3 min read
Jun 16, 2022Apricot Finances releases new feature: P&L TrackingAlthough we’ve entered a bear market, the building doesn’t stop over here at Apricot Finance. The team is excited to announce our latest feature: P&L Tracking. Overview When we launched the first iteration of Apricot, early feedback from users was that it was difficult to track portfolio performance across lending…Defi2 min readDefi2 min read
Jun 6, 2022Apricot Finance Integrates Chainlink Price Feeds to Help Support Secure Lending and BorrowingWe’re excited to announce that with the recent launch of Chainlink Price Feeds on Solana mainnet, Apricot Finance is using the industry-leading decentralized oracle network to access lightning-fast and secure price data feeds. Chainlink Price Feeds are used on the backend to help calculate collateralization ratios for users — helping…Defi4 min readDefi4 min read
Apr 29, 2022Apricot Finance Feature Release: In-App Swap 🍑Apricot is excited to announce the release of our new feature, In-App Swap! With the release of In-App Swap, users are now able to manage their deposited assets on Apricot with far more ease. Users can swap any of our supported tokens with USDC in either direction. If the user…4 min read4 min read
Apr 1, 2022Apricot Finance Announces Project Galaxy Campaign Lottery WinnersApricot was pleased to onboard over four thousands new users to our platform via our campaign with Project Galaxy Sol Cool NFT Event. Each participant who completed Apricot’s listed tasks was entered into a liquidity mining bonus lottery — providing an additional 10% boost to their APT emission rewards with…2 min read2 min read
Mar 21, 2022Apricot Finance announces “Love and Hate” Meme ContestMemes. Their humble beginning started out as a humorous way to relate with one other during early days of the internet, but over time they turned into something more powerful, they turned into one of the most potent strategies to market a project in crypto — Apricot Finance isn’t blind…Crypto2 min readCrypto2 min read
