AppleTree Finance

AppleTree Finance (AppleTree.finance) is a decentralized protocol that allows you to use liquidity pool (LP) tokens and other pool tokens from other BSC projects as collateral to generate APL, an BSC ecosystem soft-pegged stablecoin. AppleTree Finance assists users in maximizing the value of assets held in pools or vaults. AppleTree Finance allows users to give liquidity in exchange for higher yields from services like farming, borrowing, staking, swapping, and bridge assistance. APL is created by AppleTree Finance and is backed by existing collateral with a soft peg to 1 USD. Depositing collateral like liquidity provider tokens from AMM (automatic market maker) dexes (decentralized exchanges), lending, and other DeFi protocols can be used to create APL. The initiative aims to create a stablecoin that isn't backed by the US dollar while also releasing more liquidity from Liquidity Provider tokens (LP tokens). For minting APL, LP tokens from various chains and protocols can be utilized as collateral. Smart contracts manage the minting and burning of coins. The whole process is based on decentralized cross-chain functions/bridges that are trustless.