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What is Apollo Protocol?
The Apollo Protocol is the first lending and borrowing platform on the SORA network and a part of the Ceres ecosystem. Apollo enables its users to deposit and borrow assets on the SORA network. Depositors can provide liquidity and secure passive income through interest, while borrowers can leverage their assets without selling them and pay interest for this service.
A lending and borrowing platform is one of the fundamental dApps of any blockchain, contributing to the growth of liquidity and activity of the network. It is a public, decentralized marketplace for assets accessible not only by users but also by bots and other DeFi protocols. The Apollo Protocol offers a comprehensive set of lending features for assets on the SORA network.