What is Instadapp? Instadapp is the financial infrastructure layer for the decentralized Internet, making accessing and maximizing DeFi easy for all users and developers. So what is Instadapp? Let’s find out in this article!
What is Instadapp?
Instadapp is a fully featured platform for both users and developers to leverage the full potential of DeFi. The Instadapp protocol serves as middleware that aggregates multiple DeFi protocols into an upgradable smart contract layer. This structure allows Instadapp to access the full potential of decentralized finance.
Instadapp can be considered a DeFi Aggregator, synthesizing many DeFi products such as Uniswap, Compound, AAVE, Morpho,… into the protocol. When entering the protocol, the user selects any protocol with a link to interact under the Instadapp interface.
Instadapp also known as DeFi Smart Layer, is a financial infrastructure layer for the decentralized Internet. Make accessing and maximizing DeFi easy for all users and developers.
The Instadapp Difference
- Infinite scalability and connection to both Layer1 and Layer2.
- Providing all DeFi products to users with an extremely user-friendly interface.
- Support developers with many toolsets and especially Javascript language support.
- Helps users easily manage their investment portfolio.
Development Roadmap
Updating…
Core Team
Sowmay Jain: Co-Founder | CEO
He is a businessman with experience in marketing, financial analysis, securities, investment, accounting, etc. He was honored by Forbes magazine as one of the 30 typical faces of India and India. Asia.
Investors
October 1, 2019: Seed round successfully raised $2.4M from funds Pantera Capital, Naval Ravikant, Balaji Srinivasan, Coinbase Ventures, IDEO Colab, Robot Ventures.
June 11, 2021: The successful Series A round raising $10M was led by Standard Crypto with the participation of some investors DeFi Alliance, Longhash Ventures, Andre Cronje.
Tokenomics
Overview information about Instadapp Token
- Token Name: Instadapp
- Ticker: INST
- Blockchain: Ethereum
- Standard: ERC-20
- Contract: 0x6f40d4a6237c257fff2db00fa0510deeecd303eb
- Total supply: 100,000,000
- Maximum supply: 100,000,000
Token Allocation and Token Release
- 55% (55,000,000 INST): For Instadapp community members.
- 23.79% ( 23,794,114 INST): For current team members with a 4-year vesting period.
- 12.07% ( 12,078,714 INST): For investors with a distribution period of 4 years.
- 7.85% ( 7,851,941 INST): For future team members and ecosystem partnerships.
- 1.27% ( 1,275,231 INST): For advisors and paid in 4-year installments.
Exchanges
UToken INST is traded on exchanges such as MEXC, Uniswap, CoinEx.
Instadapp’s Information Channel
- Website: https://instadapp.io/
- Twitter: https://twitter.com/instadapp
- Discord:
Summary
Instadapp brings many great things to DeFi, especially providing an extremely good user experience. In addition, the protocol is also a support platform for developers. The protocol has a TVL in the top billions on Defilama. Shows that this is a very good result after the efforts of the development team.
So I have clarified what Instadapp is? Hope this article provides a lot of useful knowledge to you!