Apricot Finance Feature Release: In-App Swap
Apricot thrilled to announce the release of their new feature, In-App Swap!
With the release of In-App Swap, users are now able to manage their deposited assets on Apricot with far more ease.
Users can swap any of their supported tokens with USDC in either direction. If the user has deposited more tokens than being sold, the sold amount is deducted from their Apricot account and the purchased tokens are credited to their account simultaneously.
In the case the user attempts to sell more tokens than their amount deposited on the platform, Apricot helps the user borrow the required tokens from their lending market and uses them to complete the swap.
The purchased tokens will be used to repay the user’s debt first if there is any outstanding borrowed amount of the corresponding asset. The excess is deposited into the user’s account, and the transaction details are shown at the bottom.
How to use:
1. Click on “Swap” on the left.
2. Choose the token you want to swap from.
3. Enter the amount you wish to swap.
(You could check the real-time price reference and estimates. Price slippage can be customized. For details, check the bottom “Transaction details”)
4. Click “Swap”
How can users Leverage In-App Swap?
1. Margin Trading
2. Change and Consolidate Positions
3. Repay outstanding debt with ease
4. Low-Risk Interest Rate Arbitrage
Example: Arbitraging the interest rates between USTw and USDT
USTw DepositRate: 15%
USDT Borrow Rate: 2.75%
You may realize similar opportunities akin to this one for yourself as markets shift.
What is Apricot?
Apricot is a next-gen lending protocol that supports leveraged yield farming on Solana. Their mission is to help users maximize yield while protecting their downsides.
Users can:
🔺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).
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