Road-to-Mainnet Quiz Winner Announcement

🍑 Do you know us well enough to be #ApricotTop 10?

As our mainnet launch is right on the horizon, we want to share more details about who we are in a fun and engaging way 🙌🏻. So we rolled out a road-to-mainnet quiz last week to see what you do and do not know about Apricot Finance.

We were overwhelmed by the amount of interest you all have shown and received more than 3500 submissions!

Today, we are thrilled to introduce #ApricotTop10 — 10 amazing Apricot supporters who got all the quizzes right and have the most quote retweets. Woohoo, congrats 👏!

But before we get to them, it’s time to take a look back at the questions and see how many of them did you get right:

Q1) What is the native chain on which Apricot is built?

  1. Solana ✔️
  2. Binance Smart Chain
  3. Ethereum
  4. Tron
Yes, Apricot runs on one of the fastest blockchains in the world.

Q2) Which of the following is Apricot not offering?

  1. Apricot Lend
  2. Apricot Cross-Farm (X-Farm)
  3. Apricot Assist 1.0
  4. Apricot Launchpad ✔️
Our primary offerings include Apricot Lend, X-Farm and Apricot Assist.

Q3) What interest rate model does Apricot use for the computation of interest?

  1. Compounded Interest rate model
  2. Fixed coupon interest rate model
  3. Kinked Interest rate model ✔️
  4. Simple interest rate model
We use a kinked interest rate model, where computation of the interest rate is separated into two stages.

Q4) At Apricot, your “Borrow Limit Used” can never be which of the following numbers

  1. 1%
  2. 95%
  3. 105% ✔️
  4. 90%
Borrow Limit Used is the ratio between Total Borrow Value and Max Borrow Value, and ranges from 0% to 100%.

Q5) Which of the following is a False statement about Apricot X-Farm?

  1. X-Farm stands for cross-margin leveraged yield farming
  2. Users are required to own USDC/USDT or LP constituents in order to X-Farm ✔️
  3. X-Farm calculates metrics like Borrow Limit Used and Portfolio Leverage
  4. Users can deposit LP tokens (if Apricot supports) to gain borrowing power to X-Farm
Users are NOT required to own any LP constituents to X-Farm.

Q6) Under which of the following scenarios would Apricot Assist get triggered?

  1. Borrow Limit Used exceeds 90%
  2. Portfolio Leverage exceeds 3.0x
  3. Borrow Limit Used exceeds Assist Target Level
  4. Borrow Limit Used exceeds Assist Trigger Level ✔️

Q7) Which of the following would Apricot Assist 1.0 NOT be able to do?

  1. Repay your non-stablecoin tokens that are not borrowed for X-Farm ✔️
  2. Repay your non-stablecoin tokens that are borrowed for X-Farm
  3. Redeem your LP tokens to repay the corresponding stablecoin coin
  4. Sell deposit tokens to repay stable debt

Q8) What is the recommended configuration for Apricot Assist?

  1. Do not enable Apricot Assist at all
  2. Set very high Trigger Level and very low Target Level
  3. Keep a small (e.g. <5%) difference between Trigger Level and Target Level ✔️
  4. Set Target Level to be higher than Trigger Level
Smaller difference will less likely lead to non-trivial slippage when deleveraging takes place.

Q9) Which wallet does Apricot currently not support on testnet?

  1. Metamask ✔️
  2. Phantom
  3. Coin98
  4. Solflare

Q10) Which of the following is Apricot’s investor?

  1. Delphi Ventures
  2. Lemnis Capital
  3. Solana Capital/Foundation
  4. All of the above ✔️
Thanks for all your support, our amazing investor community!

So, what is your score? Tell us below our latest tweet with #ApricotTop 10.

Let’s see how many of you got it all right 👀

69 out of 3500 people who participated were able to sail through the quiz with ease🦾. We were also surprised to see that 1927 people scored 7/10. But why 7 correct answers? 🧐

Let’s find out the three most difficult ones!

The three questions with the lowest correct response rate:

Q4) At Apricot, your “Borrow Limit Used” can never be which of the following numbers

  • Only 323 people got this right

Q6) Under which of the following scenarios would Apricot Assist get triggered?

  • Around 339 people got this right

Q7) Which of the following would Apricot Assist 1.0 NOT be able to do?

  • 332 people were able to mark the correct answer

Now is time to announce #ApricotTop10🥳

(winning wallet addresses)

  1. G3gpRFK47YNCU7YXVWjJ4rt7krKB62yhx8ThYTUBC4yM
  2. 8LzzZHkXfWjNaU97U6bUErXgTQnH99PS6thDmz4rSyAS
  3. ENLXBBJD32wWvRrFe4fd17n92nAkk4fXG4nuPKuPJbRQ
  4. F3efGy9Z5ow7Z1T6EMCX53PVnHTT19QRepDqWWFcA7VW
  5. CWxVs3cyysEF9bcehurrydSNDkRsYPkW4zaaKpynghY1
  6. H5CgDwcZTB7X9qF4M73b4sJYdL138ne9AWhndVrs51ie
  7. 9sXpjqP7nDE7uLRXTd98iMcEccPB2ghgYV5GDkwzh9Kn
  8. 4Zm5BN8ertCgKUjs4B5ov7frPztGeNknzjPztRujjjaY
  9. J7x5wrFxYF8sMVmH3U4R5rSRu1D1gZbfgiBhycskUzFr
  10. BEpy8XXNuyvtMibj9MzJcVHQUtnqUsEYh3jv8zqwyTVv

If you were able to find your $SOL wallet address in the list, a huge CONGRATULATIONS🎉. You will be receiving 500 $APT tokens in your mentioned wallet address after our Token Generation Event.

It was tough for us to pick the top 10 out of these 69 people so we used ‘Quote retweets’ as a metric to create this leaderboard. We are thankful to each and everyone who took out time to participate in this fun campaign🤗.

Keep an eye out at our Twitter @ApricotFinance for more of such events and updates!

About us: Apricot Finance is a next-generation lending protocol on Solana, offering cross-margin leveraged yield farming and an automated self-deleveraging mechanism that enables users to maximize returns while maintaining downside protection. In the future, Apricot plans to tap into the concept of securitization in traditional finance to explore sustainable solutions for bad debt processing.

Follow us on:

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

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

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APRICOT FINANCE

APRICOT FINANCE

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

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