Netvrk is happy to announce their partnership with Apricot Finance, a collateralized lending platform on Solana. Netvrk is a metaverse built on the blockchain, that allows users to monetize their creations using virtual land and NFTs.
Apricot Finance and it’s latest DeFi offerings will be showcased inside of Netvrk’s metaverse. As a new addition to the virtual world, Apricot will be the first Solana project to be featured in Netvrk. Apricot is a recent winner in the Solana Season Hackathon, winning second place in the competition.
Apricot Finance gives borrowers best-in-class borrowing power, lowest liquidation penalties with highest predictability. Apricot’s debut product, Apricot Lend proposes to act in borrowers’ interest by setting below-market collateralization requirements, lowering liquidation thresholds, and limiting liquidation penalties. Apricot will also be unveiling several other financial products, including Apricot Rescue, and Apricot Lend COT & Securitization.
Chief Marketing Officer of Netvrk, Daniel Kennedy:
“Apricot Finance is building a great suite of DeFi products, and has the honor of being the first Solana project we’ve collaborated with, as well as invested in. Their team is well versed in the world of finance, and bring real passion to DeFi and crypto space.”
Officer of Apricot Finance, Ace Tsui:
“Netvrk is a virtual platform where encourage users to utilise inspiration and monetise their creations. With the partnership, I think it will provide users more features and bring more value and development.”
About Apricot Finance
Apricot Finance is a decentralized platform for devolved financial solutions, providing over-collateralized loan protocols to its users. The company provides low liquidation penalties with high predictability in outcome with our project “Apricot Lend.” A 2-hour liquidation guarantee “Apricot Rescue” has also been established to give borrowers security in position clearing within a short time. Our ultimate aspiration is to make Apricot the go-to platform for personalized DeFi solutions, enabling everyone to “Defi the way you Defi.”
Netvrk is a social virtual world and platform, with powerful creation tools and infrastructure to easily create, share, experience, and monetize creations. With a focus on gaming, education and virtual workplaces, built around ownership of virtual land and assets.