• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Apricot Finance

Apricot Finance Bags $4M in Its Latest Funding Round

Bitcoinist
by Bitcoinist
4 years ago
·
Posted in Industry
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Apricot Finance, the Solana-based money market protocol that offers lending, borrowing, and other DeFi (decentralized finance) services, announced that it has closed a funding round worth USD four million.

The Solana ecosystem has seen substantial growth in the past couple of years. Apricot Finance aims to leverage this growth and has thus built a unique project that aims to become the DeFi solutions standard for this growing space. This up-and-coming project first managed to garner the attention of the marketplace after raising $800,000 in June. Soon after, the project further managed to cement its position as a promising Solana-based project by bagging first place in the East Asia category of Solana’s seasonal hackathon.

Now, in a recent development, Apricot Finance raised over four million USD in a funding round that saw the participation of some of the biggest names in the industry, including Delphi Ventures, Lemniscap, Solana Capital, Skyvision Capital, Advanced Blockchain AG, Ledger Prime, Struck Capital Crypto, Valhalla Capital, a41 Ventures, Komoreb DAO, GSR, MXC, Gate, CryptoJ, Coinsight Ventures, Global Coin Ventures, Darren Lau, Zhuoxun Yin, Jeff Kuan (Terra), Matt Cantieri (Anchor Protocol), Nick Tong (Perpetual Protocol) and others

With the success of this recent funding round, Apricot Finance aims to speed up the development and testing of the protocol, taking a big stride towards its long-term goal of becoming the go-to platform for personalized DeFi solutions.

The testnet of the project will launch in late August while the mainnet is expected to launch in September this year.

A Defining Protocol for the DeFi Ecosystem

The term DeFi was alien to the masses until a few years ago, but now, it is one of the most popular terms that promises a decentralized future to our world. With the rise of DEXs and decentralized protocols like AAVE, Maker, Curve, and Compound, the DeFi space has skyrocketed. The growth has been such that the total volume of assets locked in DeFi protocols grew from USD one billion in May 2020 to $88 billion at peak this year.  

Despite such remarkable success, problems like lack of scalability, low throughput, and high transaction fees on popular networks like Ethereum haunt the users of these protocols. Solana, on the other hand, is a network that was built for scalability and mass adoption, achieving up to 50K TPS during its testnet.

Being built on a network like this, Apricot Finance is uniquely positioned to benefit from the high throughput, low gas fees, and scalability, ultimately providing users with an unmatched DeFi experience. The platform, with its innovative financial projects, aims to become the DeFi solutions standard for the marketplace.

The first of these projects is Apricot Lend — a collateralized lending platform that while being beneficial to lenders also empowers borrowers with max borrowing power. Next in line is a cross-margin leveraged yield farming platform Apricot X-Farm, which aims to let users maximize their capital efficiency in a convenient way. And finally, the platform will feature an automated self-deleveraging platform called Apricot Assist that will help users with down-side predictions.

While these are the initial set of products, Apricot Finance also has in its store innovative solutions for liquidation and bad debt processing coming in the near future

Closing Thoughts

The success of decentralized finance is evident to everyone who has closely followed this space. But, in the ocean of the larger financial ecosystem, DeFi is still just a drop. For DeFi to become the future of finance, we need a protocol that not just offers innovative financial solutions but does so in a secure, scalable, and affordable manner. Only then will mass adoption become a reality.

This is where Solana-based Apricot Finance could be the game-changer. With a suite of unmatched financial products, this project could soon become DeFi’s go-to protocol, propelling its growth in the right direction.

 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Follow

Bitcoinist is the ultimate news and review site for the crypto currency community!

Full Profile

Related Posts

Want to make money with crypto? Check out my BTC XRP test first.

Want to make money with crypto? Check out my BTC XRP test first.

2 days ago
somnia

Fan Frenzy: Football Chat App The Residency Drives Huge Interest with Fans and Footballers on Somnia

3 days ago
How Do We Prove We’re Human in a World Full of AI?

How Do We Prove We’re Human in a World Full of AI?

3 days ago
MEXC Strengthens Risk Controls Amid KOL Dispute Over Frozen Accounts

MEXC Strengthens Risk Controls Amid KOL Dispute Over Frozen Accounts

5 days ago
5 Top Crypto OGs Getting Ready To Rumble

5 Top Crypto OGs Getting Ready To Rumble

1 week ago
Super App Showdown: Coinbase’s Base vs TOMI’s vs BitChat, Who Will Win Web3’s ‘Everything App’ throne?

Super App Showdown: Coinbase’s Base vs TOMI’s vs BitChat, Who Will Win Web3’s ‘Everything App’ throne?

1 week ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Cloud Mining

    Can Cloud Mining Earn You $100,000 a Month? The Most...

    7 hours ago
  • ETNCrypto

    Win $100 Free Bonus: ETNCrypto Cloud Mining Launches Daily...

    8 hours ago
  • Ripple ecosystem expands: Gemini launches XRP credit card...

    9 hours ago
  • Trump to Launch WLFI Token on September 1st, DOT Miners...

    9 hours ago
  • XRP Investors Flock to BAY Miner, Earning Daily BTC Returns...

    11 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.