Apricot Finance

Apricot is a next-gen lending protocol that supports leveraged yield farming on Solana. Our mission is to help users maximize yield while protecting their downsides.

Features

• Deposit assets to earn interests (Apricot Lend)
• Borrow assets for trading or leveraged yield farming (Apricot Cross-Farm)
• Pre-configure when and how automated deleveraging takes place (Apricot Assist)

Apricot Cross-Farm (X-Farm)

• Apricot X-Farm provides cross-margin leveraged yield farming service for users to maximize yield from their existing holdings.
• Let's take USDT-USDC LP farming for example. In other leveraged yield farming protocols, users would need to own some amount of USDT and USDC before they can start farming the stablecoin pair. If they do not have USDT and USDC sitting in their wallet, they would have to swap other tokens into these stablecoins first.
• On Apricot X-Farm, users do not need to own any amount of USDT or USDC to start farming. Instead, they can collateralize their non-stablecoin assets to borrow the stablecoins with up to 3x leverage, and start farming USDT-USDC LP right away. These stablecoins will then be auto-pooled and staked for LP tokens, resulting in 3x farming yield.
• In short, using X-Farm, users can:

1. Deposit any supported assets they already own (e.g. SOL, BTC, USDT, USDC, etc.)
2. Start farming LP tokens at up to 3x leverage, using entirely borrowed assets
3. The LP tokens in your account are auto-staked and periodically compounded, so you start earning 3x LP farming yield right away

Sources:

• https://docs.apricot.one/
• https://defillama.com/protocol/apricot-finance