Apricot Completes $800,000 Seed Round

Aiming to become the go-to platform for Decentralized Finance (DeFi) solutions, Apricot Finance is delighted to know that it is well on that path as reflected by the immense support received in its seed round investments. Apricot Finance has raised $800,000 in its seed funding round. With the successful seed round coming to a close, Apricot looks forward to moving on to the next stage of the project.

Apricot finance is a DeFi solution built on the Solana network. Its first launch “Apricot lend” is a collateralized lending protocol, which allows a borrower-friendly ecosystem that does not go against the lenders’ protection.

The seed round funding has received great interest from various investors. Our investors include Chris McCann (who is an early seed investor in Solana and FTX), Genblock Capital, NGC Ventures, DFG, CMS Holdings, CryptoJ Capital, Coinsights Ventures, Double Peak Group, LD Capital and many others. Following this round, Apricot Finance will be able to continue with votes of confidence, and offer a potentially sustainable solution for bad debt accumulation on lending platforms.

Chris McCann, an early seed investor in Solana, FTX, and backer of Apricot Finance.

CMS Holding

Genblock

Double Peak

” — CryptoJ

Triblock

The Next Step

Apricot Finance allows the borrower to set below market collateralization requirements and lower liquidation thresholds to minimize liquidation penalties and uncertainties. Following this round, Apricot Finance can now focus on catapulting this position within the Blockchain industry. Externally, Apricot can spend more time and resources on improving our first main project, Apricot Lend. Internally, Apricot will expand its team and capabilities in order to provide the company’s supporters with a better and more user-friendly platform.

With great support, Apricot Finance will continue to move forward and aim to strengthen its position as the number one platform for DeFi Solutions. From this point, Apricot Finance is looking forward to actively developing the company and building on its success in the Blockchain industry.

What is Apricot Finance?

Apricot Finance is a decentralized platform for devolved financial solutions, providing over-collateralized loan protocols to its users. The company provides low liquidation penalties with high predictability in outcome with our project “Apricot Lend”. A 2-hour liquidation guarantee “Apricot Rescue” has also been established to give borrowers security in position clearing within a short time. Our ultimate aspiration is to make Apricot the go-to platform for personalized DeFi solutions, enabling everyone to “Defi the way you Defi”.

Follow our channels and social media:

Website: https://apricot.one/#/
Twitter: https://www.twitter.com/ApricotFinance
Discord: https://discord.gg/C6JrtqZF5U
Telegram: https://t.me/ApricotOfficial
Telegram Announcement: https://t.me/apricotfinanceann
Reddit: https://www.reddit.com/r/ApricotFinance/

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APRICOT FINANCE

A next-generation lending protocol that offers cross-margin leveraged yield farming with downside protection