With Apricot Lend, Lend to Earn and Borrow with Less

The future of Decentralized finance (DeFi) is bright; it emerges continuously to replace traditional finance establishments. DeFi operates without a third party like bank but relies on blockchain and smart contracts to eliminate information barriers and reduce transaction fees.

Apricot finance is a DeFi built on the Solana network, we offer a potential sustainable solution for bad debt accumulation on lending platforms. Our first launch is “Apricot Lend”. It is a collateralized lending protocol that is borrower-friendly and does not go against the lenders’ protection. It allows the borrowers to set below market collateralization requirements and lower liquidation thresholds to minimize liquidation penalties and uncertainties.

With lenders’ interests highly protected (through 100% computerization and liquidity thresholds), it provides a borrower-friendly space that attracts both high borrowing demands and high deposit interest rates.

Liquidation

Apricot’s liquidation mechanism is designed with lower penalties, lower collateralization, and liquidity thresholds. Liquidation only occurs when the collateralized assets depreciate or borrowed assets appreciate leading to a fall in the collateralization ratio. With Solana’s sub-second finality and high transaction throughput, liquidation happens within seconds.

Apricot also provides users with a 2-hour liquidation guarantee through “Apricot Rescue” that gives borrowers peace of mind whenever;

• The collateralization ratio hits 103% or below

or

• An account fails to be liquidated after falling below the liquidation threshold.

Our Tokens

Apricot will issue two tokens: APR (platform token) and COT (bad debt processing token).

APR token is the native token for Apricot. It is used for community governance, user incentives, reserves and collateralized mining. With APR, users are able to trade, provide liquidity, and share value growth with the platform.

COT token will be issued as a special token to manage the platform’s bad debt market. With COT, users trade on expectations of short-term price volatility or long-term value appreciation.

COT token also carries more voting weight as APR.

About 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
Reddit: https://www.reddit.com/r/ApricotFinance/
Telegram Announcement: https://t.me/apricotfinanceann
Telegram: https://t.me/ApricotOfficial
Discord: https://discord.gg/C6JrtqZF5U