Users will now have access to cross margin farming as the next-generation lending platform. This is an innovative concept in DeFi.

NEW YORK (USA), October 19, 2021 – Apricot Finance is launching its public mainnet, a new lending protocol built upon. Apricot Finance’s mission is to maximize its users’ yields while also protecting their downsides. Apricot Lend (X-Farm), Apricot Assist and Apricot Lend are all three functions in the new Apricot Finance ecosystem. Apricot’s users will receive a unique service through each of these tools, which are all part of an extensive DeFi loan package. In addition to that Apricot has been audited by Halborn Security and is also working with other security firms to complete additional security audits of their smart contracts’ security.

Overview

Apricot Finance offers a complete lending platform, which allows investors cross-margin yield farming while also protecting them from downside risks. Apricot Finance’s three components each perform a specific function, allowing the protocol to provide this service. This platform was built using Solana. It hopes to capitalize on the ease of transactions and low costs to deliver a better experience.

Apricot Lend is the first tool. It provides borrowing and lending. Lend, the protocol on which the entire Apricot platform was built, is Lend. This allows you to make deposits in crypto assets, and then earn interest. You can also borrow using your deposited assets to secure the loan. Cross margin is a feature that distinguishes this protocol. You can borrow any amount by depositing assets.

The next layer of Apricot’s service is Apricot Cross Farm (X-Farm). Users can enter yield farming leveraged 3x even though they do not own the tokens. To reduce risk of loss of permanence, most of the initial pairs will consist of stablecoins or other pegged assets.

Any crypto asset can be deposited and used to make a contribution to the pair. X-Farm allows you to use non-stablecoin assets to secure your deposit and contribute to the stabilitycoin liquidity pool. Conversion is not required, optimizing the process. Users also have control over their assets.

Apricot Assist is the final tool in Apricot. Apricot Assist is an entirely customizable tool which protects Apricot investor from liquidation. Apricot Assist lets investors choose when they want to start redeeming collateral assets. It also allows them to decide what assets to be sold and redeemed. The maximum amount of each asset that should be sold/redeemed can be set by the investor. Apricot Assist has the ability to be fully programmed in order to trigger when an underlying collateral assets loses value. You can manage your risk, and even maintain your positions while you’re not logged into Apricot.

Apricot Finance received $4 million from the most recent financing round. A security audit report from Halborn Security will be released prior to the public launch of Apricot’s mainnet. Other security firms will provide additional reports within a few weeks of the public launch. The contract will not be opened to the public until additional audits are complete. This is in order to protect investor funds.

Apricot will launch its mainnet on October 19,

Apricot Finance

Apricot Finance, a new generation protocol built upon Solana, gives users leveraged yield farming while simultaneously giving them tools to reduce their downside risk. Apricot will soon release security audits by two different blockchain security companies. This is to ensure the safety and security of the smart contracts.

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