Topic: SOL’s Ecosystem Lending Protocol, Apricot Lend (Read 47 times)

Apricot Finance

Apricot Finance is a DeFi platform in the Solana ecosystem which provides users over-collateralized loan services. Apricot Lend was launched its collateralized lending protocol with low liquidation penalty and high predictivity. It has a 2-hour liquidation guarantee, Apricot Rescue that provides guarantees for borrowers to liquidize their positions within a short period of time.

Apricot Lend is Apricot platform’s collateralized lending protocol, which aims to maximize users’ lending ability, and at the same time, it minimizes liquidity penalty and uncertainties. In addition, Apricot also plans to launch a series of rich DeFi related products such as order book for fixed rate loans, low to uncollateralized loans, templates based on high-frequency operations, etc. to meet the needs of a wide range of users.

Comparison to other lending protocols

Compared to Compound and AAVE built on Ethereum, along with the rapid growth of the Total Value Locked of DeFi and the increase in number of investors, Apricot believes that the natural limitations of Ethereum will result in the gradual inability of some services and functions to maintain the operation of the projects and meet the needs of the long-term development of the project.

Apricot Finance is currently developing “Asset-backed Securitization” and “high-frequency trading” products that would only require one public chain to ensure stable, efficient and fast block confirmation. The existing services and functions of Ethereum can no longer meet these needs. For example, poor performance that will result in high service fees and transaction time delays, so when the fluctuation is huge and some positions cannot be cleared in time, the investors will suffer from loss. This difference between the underlying public chain is the main difference between Apricot and other lending protocols.

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