Buy Instadapp (INST)

What is Instadapp?

Instadapp is an all-in-one asset management platform designed for both users and developers to maximize the potential of decentralized finance (DeFi), with a particular focus on lending services. It utilises the DeFi Smart Layer (DSL) to integrate various DeFi protocols into a single cohesive platform.

How does Instadapp work?

Instadapp operates on the Ethereum network and supports additional blockchains like Polygon and Arbitrum. It employs the DeFi Smart Layer (DSL), a middleware protocol that aggregates multiple DeFi protocols into a single smart contract layer. This allows users to manage and optimise their assets across different protocols. Instadapp's platform is non-custodial, meaning users maintain full control over their assets, and transactions are automated via smart contracts that enhance security and efficiency.

What are the potential use cases for Instadapp?

Instadapp can be utilised for various purposes such as DeFi asset management, including lending, borrowing, and yield optimisation. It supports cross-chain transactions across networks like Ethereum, Polygon, and Arbitrum. Users can automate DeFi strategies through its DeFi Smart Accounts (DSAs) and leverage advanced features like flash loans. The platform also enhances security and trust with a simulation mode for testing transactions.

What is the history of Instadapp?

Instadapp was founded in 2018 by Indian brothers Sowmay Jain and Samyak Jain. It gained initial recognition after winning at the ETHIndia hackathon. Since then, Instadapp has launched on the Ethereum mainnet and raised significant funding, including $2.4 million in 2019 and $10 million in 2021. The platform has grown to manage a substantial amount of assets and launched its governance token, INST, promoting decentralised community control. Instadapp remains a significant player in the DeFi landscape, continually evolving with updates such as the v2 interface.