Round | Amount | Valuation | Date | Investors |
---|---|---|---|---|
-- | $10M | $100M | Jun 11, 2021 | |
Seed | $3M | -- | Oct 01, 2019 |
InstaDApp is an Ethereum-based open-source platform that specializes in decentralized finance (DeFi) smart contract accounts (DSAs) and integrated wallet functionality. It enables users to manage their DeFi assets across multiple protocols and blockchains.
At its core, InstaDApp connects various DeFi protocols, integrating other decentralized applications (DApps) to provide a unified platform for managing funds. It also acts as a software wallet with an intuitive design, facilitating interactions with popular DeFi projects like Compound, Uniswap, and more.
InstaDApp was launched in 2019 and was developed to make DeFi more accessible and user-friendly. It has since become a vital piece of DeFi infrastructure.
Significant historical milestones for InstaDApp include the creation of nearly 55,000 Instadapp DSAs and more than $5 billion in total value locked (TVL) in these accounts. Additionally, over 50% of all flash-loan volume on Ethereum originated via Instadapp. A notable event was the introduction of the INST governance token, enabling community-led protocol upgrades through open discussion and voting by INST holders. Instadapp also launched a liquidity mining program and a staking program on Uniswap v3, distributing INST tokens to participants.
Currently, InstaDapp continues to evolve with several features and applications. The Fluid Protocol offers advanced DeFi lending and borrowing with high loan-to-value ratios and innovative liquidation mechanisms. Avocado, a superwallet, simplifies gas management and interactions across networks. Instadapp Pro provides tools for leveraging, refinancing, and migrating DeFi positions with automation and batch operations. Instadapp Lite enables users to access popular DeFi strategies by depositing stETH. Governance of Instadapp is now in the hands of INST tokenholders, who can participate in both on-chain and off-chain voting.