apricot finance solana- how to lend from apricot finance

apricot finance solana is a next-generation loan protocol that allows for cross-margin leveraged yield farming to be done efficiently. Our objective is to assist consumers in maximizing yield while minimizing the risks associated with their investments.

apricot finance solana

apricot finance solana

Apricot allows users to 1) deposit assets in order to earn interest; and 2) withdraw assets in order to earn income. 2) Borrow assets to use in trading or cross-margin leveraged yield farming to increase profits. 3) Schedule when and how automated deleveraging will take place in advance.

Apricot Finance has launched a whole new lending protocol that is built on the Solana blockchain of the Mainnet.

Chart of Apricot Finance in US Dollars

APT Price Real-Time Information

Apricot Finance is currently trading at $0.027887 USD, with a 24-hour trading volume of $185,346 USD. The price of Apricot Finance is $0.027887 USD today. Real-time updates to the APT to USD exchange rate are provided.

Apricot Finance shares have dropped by 0.08 percent in the last 24 hours. It is currently ranked #3797 on CoinMarketCap, with a live market capitalization of not provided. In addition, the circulating supply is not available, and the maximum supply is also not accessible.

When it comes to buying Apricot Finance stock, the top cryptocurrency exchanges for doing so are currently Gate.io, LATOKEN, Serum DEX, Hotbit, and Raydium.

If you want to know where to buy Apricot Finance stock, the top cryptocurrency exchanges for doing so are Gate.io, LATOKEN, Serum DEX, Hotbit, and Raydium. Other cryptocurrency exchanges are included on our cryptocurrency exchanges page.

apricot is a next-generation loan protocol that allows for cross-margin leveraged yield farming to be done efficiently. Our objective is to assist consumers in maximizing yield while minimizing the risks associated with their investments.

Apricot allows users to 1) deposit assets in order to earn interest; and 2) withdraw assets in order to earn income. 2) Borrow assets to use in trading or cross-margin leveraged yield farming to increase profits. 3) Schedule when and how automated deleveraging will take place in advance.

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[NEW YORK] [NEW YORK] [NEW YORK] [NEW YORK] It is planned to debut its public mainnet on October 19th, which will be the first time a fresh new loan protocol based on Solana has been released.

Apricot Finance’s objective is to increase its users’ earnings while simultaneously safeguarding them from the risks associated with their investments. There are three distinct functionalities that make up the first-generation Apricot Finance ecosystem: Apricot Lend, Apricot X-Farm, and Aprilassint, which are all based on apricots.

The services provided by each of these tools will be unique to Apricot users, and they will all be included in a comprehensive DeFi lending package.

Apricot has also been audited by Halborn Security, and the company is collaborating with other security organizations to do additional security assessments of the security of its smart contracts.

Sephora Finance provides a comprehensive lending platform that enables institutional and individual investors to cross-margin yield-farm while simultaneously shielding them from negative risk.

Apricot Finance is comprised of three tools, each of which performs a certain function that allows the protocol to provide this service to its users. The platform, which is based on Solana, aims to take use of the low transaction costs and quick processing times to provide a next-generation experience.

Apricot Lend is the first of these tools, and as the name implies, it is the tool that facilitates lending and borrowing between users. The Lend protocol is the foundation around which the rest of the Apricot platform is based.

User’s can make deposits of selected crypto assets and receive interest on those deposits over time. Users can also borrow money from the website by pledging the assets they have put as security. One significant difference between this technique and others is that it is cross margin.

Users can deposit any type of asset in order to increase their borrowing capacity.

Apricot Cross Farm is the next level of service provided by Apricot (X-Farm). Users will be able to participate in yield farming with a leverage of three times even if they do not own any of the underlying tokens.

Many of the first pairs will be stablecoins or pegged assets, which will help to reduce the possibility of a short-term decline in value.

Users can deposit any cryptocurrency assets and utilize them to make contributions to this pair by transferring them to the exchange.

That is, X-Farm allows users to deposit non-stablecoin assets as collateral, allowing them to contribute to both sides of a stablecoin liquidity pool with up to three times the leverage.

There is no need for conversion, which streamlines the process while also allowing consumers to keep control over their digital assets.

apricot finance solana

Apricot Assist is the final component that makes up the Apricot suite. This is the completely customizable mechanism that prevents Apricot investors from being forced to liquidate their investments.

When it comes to selling or redeeming collateral assets, Apricot Assist allows investors to choose when to sell or begin redeeming assets, which assets should be sold or redeemed, and how much of these chosen assets should be sold or redeemed.

Apricot Assist is entirely configurable to trigger in the case that the underlying collateral asset’s value decreases significantly.

The feature enables users to automatically manage their own risk and keep their positions open even when they are not registered into the Apricot platform.

As part of the most recent financing round, Apricot Finance has already raised $4 million. Prior to the public launch of Apricot’s mainnet, a security audit report from Halborn Security will be made available for review.

Additional reports from other security firms will be released a few weeks after the public launch of the system. The contract will remain closed source until the extra audits have been completed, in order to ensure the security of investor funds during this time.

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apricot finance solana:  A Step-by-Step Guide to Getting Started

Coin98 Wallet is the world’s first decentralized wallet to enable Solana DApps while also providing top-tier security protection. Coin98 Wallet has integrated with Apricot Finance, a non-custodial lending market built on the Solana blockchain, as the first step in providing our customers with access to the fast growing Solana Ecosystem. Apricot Finance is a non-custodial lending market built on the Solana blockchain.

It is my intention in this essay to walk you through the process of utilizing Apricot through the Coin98 Extension Wallet and Coin98 Mobile Wallet.

Overview of apricot finance solana

DeFi requires the Lending & Borrowing sector in order to be a part of an ecosystem that can attract capital flows and maximize capital flow optimization. If you are familiar with how Venus works on the Binance Smart Chain, or how Unit Protocol works on Ethereum, then Apricot is the same platform on Solana that you are familiar with.

Apricot Finance is a next-generation lending mechanism based on the Solana blockchain technology. This is a loan protocol that aims to maximize the amount of money that a user can borrow. Apricot allows you to do two things: deposit assets to earn interest (Apricot Lend) and borrow assets to trade or yield farm using leverage (Apricot Cross-Farm).

Apricot has only recently announced the Testnet version, which was introduced on September 10, 2021. Experience the game and submit comments on Discord (here) to be eligible to earn Apricot NFTs that can be redeemed for future prizes!

How to Get Started with Apricot

Mobile Wallet can be obtained by downloading and installing it.

A new cryptocurrency, Apricot, is now available on the Coin98 Mobile Wallet for users on both iOS and Android devices:

Coin98 for iOS may be found at ios.coin98.com.

Read the comprehensive instructions on how to use Coin98 Wallet or watch the training video below to learn how to install the Coin98 Mobile Wallet: Coin98 Mobile Wallet Installation Instructions:

Install the Extension Wallet after it has been downloaded.

The Coin98 Extension Wallet is now available for both Chrome and Firefox users. If you are a first-time user, you can currently install the Extension Wallet on your computer without having to download it first.

Install the Coin98 Extension Wallet for Google Chrome by visiting this page.

Install the Coin98 Extension Wallet on Firefox by visiting this page.

Make the Solana a reality (SOL & SPL tokens)

Aricot is a lending protocol developed by Solana, which means that in order to use this platform, you must have a Solana wallet (SOL or SPL).

As soon as you have installed Coin98 Wallet, you may follow the steps outlined below to establish a Solana (SOL, SPL) wallet or to import existing Solana wallets from other platforms into Coin98 Wallet.

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How to Create a Multi-Chain Wallet (with Pictures) (recommended).

Learn how to construct a Solana (SOL, SPL) wallet by visiting this page

Learn how to import a Solana (SOL, SPL) wallet from a Sollet wallet by visiting this page.

Learn how to import your Solana (SOL, SPL) wallet from your Phantom wallet by clicking here.

As an existing Coin98 wallet user, you can update your multi-chain wallet to include the Solana wallet (SOL, SPL) as well as the other new wallets available in this edition by refreshing your multi-chain wallet!

Prepare SOL to cover the cost of the petrol fee.

Apricot charges a gas price in the form of SOL coins, so you must have SOL coins in your account in order to begin experimenting on the platform

So, now that everything is in place, let’s get started trading.

The following are the major points covered in this guide:

How to take part in the Lending on Apricot program.

In this article, we’ll show you how to use Apricot Cross-Farm (X-Farm).

How to utilize Apricot Assist on the Apricot operating system.

Tips for Using Apricot with the Coin98 Mobile Wallet

After signing into your Coin98 Wallet account, pick Browser from the main screen and then select Apricot from the Exchange part of the DApp Store or type “apricot” into the search bar to access Apricot on the web.

Board for the driver’s side of the apricot finance solana dashboard

The “Dashboard” tab is where you can see an overview of your whole portfolio as well as a summary of your earnings. There are a few important sections in it:

Using the apricot bar, you can see how far your current “Borrow Limit Used” is from both the “Safe Borrow Limit” and the “Liquidation” point, which shows the overall health of your portfolio.

Earnings: The Earnings area displays your overall net portfolio annual percentage yield (APY) as well as the underlying yield components from supplying, borrowing, and agricultural activities.

Farming positions: The Farming Positions section displays the number of LP tokens that have been farmed, as well as the associated farming APY and rewards obtained in terms of money.

You may see the specifics of your deposit/borrow positions and associated reward amounts received in the sections that follow, which are organized in the same way as the deposit/borrow positions.

Step 1:

After logging into Apricot through the DApp Browser, select the menu icon in the upper right corner. Then select Coin98 Wallet from the drop-down menu.

You can obtain airdrop tokens from the system because it is a testnet version, so keep that in mind. To receive an airdrop token as a test, after successfully linking your wallet, click on the icon next to the address.

Step 2:

To change your wallet or trading network, go to the wallet option in the bottom right corner of the screen and select it from the drop-down menu.

To view your whole portfolio and earnings summary, go to the left-hand side of the screen and select Dashboard from the menu bar.

Lend

Apricot Lend is a base-layer protocol that allows you to deposit selected crypto assets in exchange for interest payments. You can also borrow money from the platform using the assets you’ve deposited as collateral to secure the loan.

Step 1:

Go to the left-hand side of the screen and select Lend. You can see a complete list of all the tokens that Apricot supports.

Step 2:

To begin earning income, you must first select the coin or token that you wish to deposit. For example, in this case, I’ve chosen the SOL token. Following that, we will click on the Deposit button and enter the number of tokens we wish to transfer. You can quickly select the following percentages by dragging the slider: 25 percent, 50 percent, 75 percent, and Max

Then select Supply from the drop-down menu. As soon as you make a new deposit, the system will display the control panel at the top of the screen, which will reflect the new deposit.

Borrow

Borrowing operates in a similar manner. You select the coin or token from which you wish to borrow it. For example, in this case, I’ll use USDT. In the following window, click on the Borrow button and enter the number of tokens you wish to borrow. You can quickly select the following percentages by dragging the slider: 25 percent, 50 percent, 75 percent, and Max.

Then select Borrow from the drop-down menu. As soon as you make a new deposit, the system will display the control panel at the top of the screen, which will reflect the new deposit.

It should be noted that LP tokens can be put as collateral against which users can borrow money and farm with more efficiency. However, because LP tokens cannot be borrowed, there is no need to make a deposit or receive an APY. Apricot will instead farm LP tokens for you, allowing you to earn a farming annual percentage yield (APY).

X-Farm

It is possible to begin using X-Farm without having to possess any of the underlying tokens, which makes it a great tool for beginners.

A stablecoin-pair such as USDC-USDT would need you to convert your assets — such as SOL — into the stablecoins in order to farm them in a usual yield farming scenario.

X-Farm enables you to deposit non-stablecoin assets as collateral and borrow both stablecoins with up to three times the amount of collateral you have deposited. Afterwards, these stablecoins will be auto-pooled and staked for LP tokens, yielding a three-fold increase in agricultural yield.

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Note:

If you are using LP tokens, you must first add liquidity to Saber before attempting to use X-Farm on Apricot. This is because Apricot only accepts LP Token pairs that have been added liquidity by Saber.

To become a member of X-Farm on Apricot, do the following steps:

Step 1:

Select X-Farm from the drop-down menu on the left side of the screen. Choose the Farm pair that you desire from the drop-down menu. USDT-USDC LP is the one I’ve chosen.

To receive a brief summary of the APY breakdown if you choose to farm with that amount or at that leverage level, move the Borrow Power Utilization slider to a different position.

Step 3:

After that, select Farm from the drop-down menu, which will display the following popup. When you slide the “Select farm value” slider, the “Borrowing Limit Used” will alter to represent the corresponding leverage impact on your portfolio that the farming amount has on your investment portfolio.

In addition, the “APY Summary” and the “Transaction Summary” tabs allow you to view the specifics of the full farming transaction as well as the yield breakdown.

Fourth, you have the option of increasing your borrowing capacity by supplying additional tokens to the bank. Simply click on the “plus” sign that appears directly next to the number value, and you will be presented with the following popup that will direct you through the process of supplying tokens from your wallet. To confirm the transaction, click Start Stable Farming at the bottom of the screen.

The dashboard will show an increase in LP tokens in the “My Deposit” position, as well as an increase in USDT+USDC in the “My Borrow” position.

Also available is the Redeem option, which allows you to convert your LP tokens back into the underlying tokens in part or in full (for example, USDT-USDC LP into USDT and USDC), which would then be used to repay your borrowed positions in the respective assets, which would be done first. If there is any residual amount, it will be applied to your deposit balance.

How to make use of the apricot finance solanaextension for the Coin98 wallet

The Coin98 Extension Wallet, which has been upgraded to the most recent version, allows users to connect to Dapps with ease.

Because the Coin98 Extension Wallet automatically optimizes transaction fees and speed, it distinguishes itself from other wallets. It has the potential to help you save a large amount of money on transaction costs. Alternatively, you can alter the gas fee by sliding the gas fee bar in the direction that best suits your needs.

apricot finance solana Dashboard

Step 1:

After logging into Apricot, click on the Enter Testnet symbol in the upper left corner of the screen. Then select Connect To Wallet from the drop-down menu.

Step 2:

Choose Coin98 Wallet from the drop-down menu and confirm the connection in the message displayed on the Coin98 Extension Wallet.

To view your whole portfolio and earnings summary, go to the left-hand side of the screen and select Dashboard from the menu bar.

Lend

Step 1:

Go to the left-hand side of the screen and select Lend. You can see a complete list of all the tokens that Apricot supports.

Step 2:

To begin earning income, you must first select the coin or token that you wish to deposit. For example, in this case, I’ve chosen the SOL token. After that, we click on the Deposit button.

You must enter the number of tokens you wish to send in Step 3. You can quickly select the following percentages by dragging the slider: 25 percent, 50 percent, 75 percent, and Max. Then select Supply from the drop-down menu. To confirm the transaction, you must click the Sign button.

As soon as you make a new deposit, the system will display the control panel at the top of the screen, which will reflect the new deposit.

Borrow

In a similar vein, borrowing operates in a similar manner. You select the coin or token from which you wish to borrow it. For example, in this case, I’ll use USDT. Then, select the Borrow option from the menu.

As soon as you make a new deposit, the system will display the control panel at the top of the screen, which will reflect the new deposit.

X-Farm

Note:

If you are using LP tokens, you must first add liquidity to Saber before attempting to use the x-farm on Apricot. This is because Apricot only accepts LP Token pairs that have been added liquidity by Saber.

To become a member of X-Farm on Apricot, do the following steps:

Step 1:

Select X-Farm from the drop-down menu on the left side of the screen. Select the Farms that you want to work with from this menu. USDT-USDC LP is the one I’ve chosen.

To receive a brief summary of the APY breakdown if you choose to farm with that amount or at that leverage level, move the Borrow Power Utilization slider to a different position.

Step 4:

By sliding the “Select farm value” slider, the “Borrowing Limit Used” will alter to represent the equivalent leverage impact on your portfolio associated with that farming amount.

In addition, the “APY Summary” and the “Transaction Summary” tabs allow you to view the specifics of the full farming transaction as well as the yield breakdown.

Fourth, you have the option of increasing your borrowing capacity by supplying additional tokens to the bank. Simply click on the “plus” sign that is located immediately next to the numerical value.

To confirm the transaction, click Start Stable Farming at the bottom of the screen.

Also available is the Redeem option, which allows you to convert your LP tokens back into the underlying tokens in part or in full (for example, USDT-USDC LP into USDT and USDC), which would then be used to refund your borrowed holdings in the corresponding assets, which would be done first. If there is any residual amount, it will be applied to your deposit balance.

Assist

Step 1: Select Assist from the drop-down menu on the left side of the screen.

Step 2: Complete the following steps to become a member of Assist.

Configure the Trigger Level and Target Level on your account, and then enable Apricot Assist on your site.

Apricot Assist will start a background software that will constantly monitor your Borrow Limit Usage. This tool will run in the background.

Whenever the Borrow Limit Used surpasses the Trigger Level configured in step 1 of this process, Apricot Assist will sell or redeem some of the tokens in your deposits in order to pay off your stablecoin debt.

Following the completion of step 3, your Borrow Limit Used should have reached the level specified in your Target Level configuration.

What are the benefits of using Apricot on the Coin98 Wallet?

Users who are new to DeFi as well as those who have been in DeFi for a long period of time will find that using Apricot on Coin98 Wallet provides indisputable benefits such as…

Simple and straightforward to use

Users will be able to connect their wallets more easily and conveniently now that the Coin98 Wallet has been officially incorporated into Apricot.

The Coin98 Mobile Wallet, which is available for both iOS and Android, includes a DApp Browser. Simply selecting “Browser” from the main screen will allow you to instantly access a “Storage” DApp that will run smoothly and without interruption.

Reduce the possibility of getting duped.

Coin98 Wallet is continually searching for highly suitable DApps, and while integrating the correct address of the DApp into the Coin98 Wallet mobile app, the company prioritizes maintaining the protection of the user’s funds. So that you can prevent situations such as searching for and accessing bogus DApps, getting fooled into disclosing your Private Key / Passphrase, or trading to win scam tokens, among others.

Cross-chain bridge is a type of bridge that crosses two chains.

One of the most notable enhancements to the Coin98 Wallet, which is intended to make it easier for users to interact with Apricot, is the ability to convert many token standards directly on the wallet via the Cross-chain Bridge, eliminating the need to perform any redundant operations through third-party applications.

Multiple DApp Browsers provide a smooth user experience.

Consider experimenting with other multi-chain DApps straight in your Coin98 Wallet’s Browser if you’ve “fell in love” with earning money on Apricot as a result of this article.

Please join me in waiting for the addition of additional planets to the Coin98 Wallet cosmos in the near future!!.

apricot finance solana Summary

As a result, I have introduced you to Apricot and walked you through the process of optimizing profitability. I hope this guide has clarified and assisted you in your efforts to utilize Apricot straight on your Coin98 Wallet..

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