Apricot is a decentralized financial solution platform thriving in the Solana ecosystem. Apricot plans to launch a rich set of related products shortly, such as order book-based fixed-rate loans, customizable financial derivatives, template-based 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 provides a highly scalable and cost-effective solution for the future of blockchains and decentralized finance.
Apricot’s first product will be called Apricot Lend. Apricot Lend gives borrowers best-in-class borrowing power, the lowest liquidation penalties, with the highest predictability. As the platform expands, Apricot plans to 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 Lend Features
TOKEN UTILITY
$APR is the utility token of the Apricot ecosystem. $APR token serves multiple utility purposes in the ecosystem.
- Community governance: Initiate and conduct community voting to maintain/alter products’ smart contracts
- User incentivize: Reward user growth through user acquisition or invitation mechanisms
- Reserves: Maintain a platform reserve in case of unexpected circumstances, forming a last line of defence for the safety of users’ funds
- Collateralized mining: Users can pass APR custody to the platform to improve APR liquidity on exchanges. In return, users will be awarded APR.
There will also be another token, $COT, which will be issued a special token for the platform’s bad debt management, and its value is backed by the market value of the collateral assets in the COT pool. COT tokens will only be issued after the platform has grown the COT pool to an appropriate size. COT may carry some governance weight to incentivize user participation
TOKEN METRICS
*Yet to be announced
PARTNERS AND INVESTORS
ROADMAP
TEAM MEMBERS
LINKS
Website: apricot.one
Telegram: https://t.me/ApricotOfficial
Twitter: https://twitter.com/ApricotFinance
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