Instadapp the Ultimate defi aggregator for you!

What is Instadapp?

Instadapp.io

 

Instadapp is a middleware protocol that simplifies and unifies the front end of DeFi. Like the web2 aggregators mentioned initially, Instadapp brings the best DeFi platforms under one roof for easy accessibility and unified experiences. The platform currently unifies eight protocols: MakerDAO, Liquity, Morpho, Aave, Compound, Lido, Uniswap, and Hop Protocol.

Users don’t need to switch between protocols when they can achieve everything with a few clicks. The best part is that Instadapp is live on Ethereum, Polygon, Arbitrum, Avalanche, Optimism, Fantom and Base, helping users maximize their time and fees on-chain.

 

instadapp have raised a seed round of $2.4M from a network of strategic investors, including Pantera Capital, Naval Ravikant, Balaji Srinivasan, Coinbase Ventures, IDEO Colab, Robot Ventures (Robert Leshner of Compound Finance), Loi Luu (Kyber Network), amongst many others.

 

Instadapp is a DeFi platform that allows users to manage their DeFi assets across multiple protocols from a single dashboard.

  • It offers a variety of features, including:
    • Portfolio management: Track your DeFi assets in one place and view your total balance, APR, and impermanent loss.
    • Vaults: Create automated vaults that manage your assets and execute trades according to your chosen strategy.
    • Flash loans: Borrow assets without collateral to execute trades or arbitrage opportunities.
    • Simulation mode: Test out DeFi strategies without spending any gas.
    • Private transactions: Prevent front-running and MEV attacks by sending your transactions through private relayers.
  • Instadapp is designed for both beginner and advanced DeFi users. The platform is easy to use for beginners, but it also offers a variety of features for advanced users to manage their DeFi assets more effectively.

Here are some of the benefits of using Instadapp:

  • Convenience: Instadapp allows you to manage your DeFi assets from a single dashboard, which can save you time and gas fees.
  • Automation: Instadapp’s vaults can automate your DeFi strategies, so you don’t have to manually execute trades or manage your assets.
  • Security: Instadapp uses industry-leading security practices to protect your assets.
  • Community: Instadapp has a large and active community of users and developers who can help you learn about DeFi and troubleshoot any problems you may encounter.

Overall, Instadapp is a powerful DeFi platform that can help you manage your DeFi assets more easily and securely. If you are new to DeFi, Instadapp is a great place to start. If you are an experienced DeFi user, Instadapp can help you take your DeFi trading to the next level.

 

 

For the blockchain industry to advance, there needs to be key aggregation platforms that address the discovery challenges of its users. That’s precisely where comes in. Instadapp aims to become the ultimate aggregation layer in DeFi by aggregating various DeFi protocols.

Instadapp is among the leading protocols in DeFi, easily out-pacing other protocols by creating timely products that the industry needs.

The internet we use today differs from what was prevalent in the 90s. Back then, finding web content was difficult until Google solved the content discovery problem through its aggregator.

The Tech Behind Instadapp

Instadapp leverages a novel technology known as DeFi Smart Accounts (DSA) to drive more flexibility and accessibility to users. DSA is a smart contract controlled by users, enabling them to execute multiple actions in a single blockchain transaction. Think of DSA as a user’s sub-account on Instadapp, which lets users manage positions and easily interact with DeFi protocols in a trustless manner.

 

These DSAs are generated using regular Ethereum accounts. All you have to do is connect your Ethereum wallet to Instadapp Pro to create your DSA account; boom, you’re in the DeFi multiverse. Interestingly, it allows users to create as many accounts as they want in a trustless manner. Also, users can withdraw their funds back to their Ethereum wallets at any time with zero restrictions.

Another incredible thing about DSAs is that connectors extend them. Connectors enable developers to build on DSAs, unleashing more functionalities, actions, and use cases. For instance, the connectors can be many things ranging from protocols to Auth connectors.

Using Instadapp’s unified experience, users can do the following:

Multi-Protocol Refinancing

Lending and borrowing are one of the leading use cases of decentralized finance. Users use multiple lending protocols that suit their strategies to open and finance debt positions once they’re up. Instadapp’s multi-protocol financing functionality allows users to migrate positions and refinance loans between top lending protocols in a few clicks.

 

Cross Chain Bridge

Blockchain bridges exist because of the need to transfer crypto assets from one network to another. With Instadapp, users could easily withdraw from their DSAs to another network, saving both gas fees and time.

Sweep Swap

We all have those tokens in our wallets that we’re either not using or are tired of holding. You can swap such tokens for a single token using Instadapp’s Sweep Swap functionality.

Protection Automation

Automation is disrupting every industry, and DeFi is no exception. The protection automation feature enables users to automate debt re-payments in market uncertainty. It only takes a small fee between 0.3% and 0.4% for each automation event.

Instadapp Lite

Instadapp Lite is the DeFi yield powerhouse of the Instadapp platform. It scans through multiple lending platforms to source the best strategies and APRs for its users, all of which can be accessed with a single click. Easy accessibility and simplicity are at the core of Instadapp Lite.

 

Avocado

Avocado is Instadapp’s latest innovative product frontrunning the account abstraction narrative. If you’ve been a DeFi user for a while, you’re probably used to connecting your wallet to a dapp, switching networks, paying for gas fees in the network’s native token, and adding new chains via Chainlist if you want to interact on a new chain.

But Avocado changes all of that. It’s an innovative smart contract wallet that allows users to perform multi-network transactions using the Avocado network. Eliminating the need to switch between networks while saving gas fees.

 

Avocado owns its RPC. Even so, it’s not a blockchain. Avocado RPC is the Network Aggregator that searches for the available broadcaster to handle a transaction on a given chain, as illustrated in the attached chart. The best thing about Avocado is its trio abstraction model: network, gas, and account abstraction.

Network abstraction ensures all network balances are accessed on a dashboard, gas abstraction facilitates transactions using USDC as the native gas fee, and account abstraction provides superior modularity in design while opening the platform to novel use cases. With these, Instadapp could easily be the leading abstraction and aggregation layer in DeFi.

 

he platform creates a native Avo wallet address for you once you’re connected to Avocado’s RPC Network. With that wallet address, you can perform everything and enjoy the same level of security that’s obtainable with your Externally owned accounts (EOA) like Metamask. The team also hinted at some upcoming developments on Avocado, which include 2FA security, balance unification, roles, defi strategies, and developers’ incentives program.

Tokenomics

$INST is the governance and utility token of Instadapp. It has a max supply of 100,000,000 INST and a market cap of about $30M. Of which 55% is allocated to community members, 23.8% to team members, 12.1% to investors, and 7.9% to future teams and advisers.

$INST is undervalued at its current price of $1.2. Instadapp seats on $1.9B billion in TVL, and the token did an all-time high of $24.40 in the last bull market. With the recent and upcoming developments on Instadapp, it’s easy to predict a much higher alt in the next bull market – not financial advice

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