Apricot Finance (APT, COT)

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”.

Apricot Finance Unique Features

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Roadmap

Apricot Finance Roadmap

Q2 Testnet launch

Apricot Lend

Apricot Assist

Apricot Rescue

• Deposit in an asset pool for interest
• Borrow over-collateralized loans
• Borrower-friendly with lender protection
• Securitization & COT for long-term value

Q3 Mainet launch

Apricot Fixed-Rate

• User-specified lending terms
• For users who prefer predictable yields

DeFi Fintech Module

• Template-based derivative/high-frequency operations
• For advanced DeFi users to perform a full set of operations within a single transaction. May be used for market arbitrage, margin trade, liquidation, and more

Q4 Low-to-no Collateral Loan

• Money market for asset borrowing with low or no collateral requirement
• For users with platform-wise high credibility
• Higher risk, higher interest rates

Apricot Finance Token Economy

Coming soon, the following action items are on our immediate or near-term horizon, and they broadly fall under 3 categories.

• New Features

In-app Swap: to allow current users to more conveniently exchange assets to supply and repay balances

Token Staking: shortly after TGE for APT to be staked for additional rewards

New Yield Strategies: explore fixed rate loans and other yield-maximizing strategies through partner integrations or in-house innovations to maximize users’ capital efficiency

• Refining Existing Features

Dashboard: (1) A “history” table that lists all of user’s interaction with Apricot to date; (2) Better overall earnings reporting that helps users track their farming impermanent loss in addition to LP tokens earned from auto-compounding

Apricot Assist: (1) Expand coverage for non-stable token repayment; (2) support price-triggered auto-swap (stop-loss and take-profit)

• Governance

Establish Apricot DAO for APT holders to propose and vote on decisions such as the amount / rate of token buyback with our positive cash flow since day 1

Detailed Token Metrics

IDO on Solana Nov 18, 2021 19:00

Tokens for Sale: 30,000,000 (3%)

Apricot Finance ICO Price: 0.3 USDC

IDO on Solana Nov 19, 2021

Tokens for sale: 10,000,000 (1%)

Apricot Finance ICO Price: 0.3 USDC

Token Distribution

There are 1 billion APT tokens in total. Token distribution is as follows:

Initial circulating supply is 6%, which consists of 4% public sale, unlocked retro rewards, initial token liquidity & other protocol incentives etc.

Private sale investors are subject to a 14-20 month vesting schedule

Team & advisors are subject to a 2-year vesting schedule with a 6-month lockup

60% of APT tokens are allocated to the community, with 40% for liquidity mining

IDO proceeds and protocol income will contribute to Apricot’s reserve and treasury, which will be used to grow insurance fund, buy back APT tokens and execute future community plans if needed.

Token Release Schedule

Once the 30-day period is up (right before our Token Generation Event), the exact amount of rewards you can claim will become visible from the Rewards tab.

The retro airdrop will be released over a period of 4 weeks after our Token Generation Event. Each week, 25% of the airdrop will be unlocked and made available for users to claim.

Partners & Advisors

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Team Members

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Investors

GSR, Genblock Capital, LedgerPrime, Lemniscap, Digital Finance Group, Solana Ventures, Delphi Ventures, Komorebi Collective, CryptoJ, Advanced Blockchain AG, Valhalla Capital, A41 Ventures, Coinsights, CMS Ventures, SVC Skyvison Capital, BIXIN Ventures, NGC Ventures