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$1.2409+0.36%
$1.2407฿0.00001828
Today
Low:$1.2104
High:$1.2576
Yesterday
Low:$1.2010
High:$1.2463

Market information

Market Cap $102,424,674.60
Global Volume(24H)$2,375.11
All-Time Low$0.39360000
All-Time High$17.927
Initial Price
ROI
--
Circulating Supply 82,553,941 INST
Circulation Percentage 82.5539%
Max Supply 100,000,000 INST
Total Supply 100,000,000 INST

Price history

Information

Converter

INST

Project Introduction

InstaDApp is a user-oriented decentralized asset management protocol that currently provides efficient asset management capabilities for Aave, Compound and Maker with the goal of simplifying DeFi's complexity and eventually becoming a unified front end to DeFi.

Project Vision

Provide a full-featured DeFi platform for users and developers to take full advantage of DeFi's potential. Market demand: DeFi applications are so diverse that people need a fully functional platform that is easy to understand.

Market Demand

DeFi applications are so diverse that people need a fully functional platform that is easy to understand.

Solution

InstaDApp's main products include the underlying architectures DSL and DSA, as well as a series of lightning loan-based "policies" for Aave, Compound, and Maker.

Project Implementation Mechanism

InstaDApp has introduced a new concept called DeFi Intelligence Layer (DSL). DSL was officially audited and launched in April, 21, and is the object InstaDApp will focus on next. The architecture of DSL is shown below: InstaDApp believes that Ethereum addresses are more suitable for Token management than DeFi user asset management needs. DSL will become DeFi's infrastructure layer, making it easy for all users and developers to enter the DeFi world. The DSL consists of the core DSA, a Composite connector to the base DeFi protocol, and an Authority framework that allows extreme modularity. * THE DSA is an upcyclable contract account that allows users to control the DSA in a non-trust manner. User assets are stored in a DSA that can perform composite transactions across connectors. Multiple Dsas can be created for each address, and a DSA can be controlled by multiple addresses. It can be understood that DSA is a sub-account of the user in InstaDApp, and all the positions managed by InstaDApp are controlled by DSA. * Connectors: A standardized module that interacts with various protocols and provides DSA access to core operations. Developers can write complex DeFi transactions across protocols using pure Javascript. It is important to note that connectors are common to all Dsas, and that each connector aggregates all interactions between the DSA and the protocol, including authorization, and that all connectors are audited.

Token Usage Scenarios

Community governance vote.

Characteristic

DeFi Smart Account Users have smart contract accounts for managing and optimizing funds across any number of protocols. 2, 100% without centralized trust institutions to ensure that the system 100% without trust institutions, only users can operate their own funds. 3. Build for developers Design extensible use cases and models for developers to build with maximum security.

Release Mechanism

INST tokens are summed up as 100,000,000(one hundred million) and distributed as follows: 55% (55,000,000 INST) to InstaDApp community members. Based on the net value of user positions in Maker, Compound, and Aave at the time of the June 15 snapshot, the initial airdrop was 11 million INST. 23.79% (23,794,114 INST) to current team members with a 4-year vesting period. 12.07%(12,078,714 INST) to investors with a 4-year vesting period. 7.85% (7,851,941 INST) to prospective team members and ecosystem partners. 1.27% (1,275,231 INST) to consultants with a 4-year vesting period. In addition to the initial allocation of tokens, starting June 16, Maker, Compound, and Aave positions currently managed through DSA on the Main Ethereum network will be eligible to receive INSTA token rewards on a weekly, pro-rata basis, totaling 3 million INST for 3 months. That's a million INST per month. At the same time, THE INST-ETH LP of UNI-V3 can participate in the LP pledge award lasting 3 months, totaling 1 million INST.

Project Highlights

InstaDApp has introduced a new concept called DeFi Intelligence Layer (DSL). DSL accounts have powerful new features that can be extended indefinitely; Accounts are more modular and can interact with dedicated iterations, enabling L2 composability, increased rapid lending capacity, and automatic revenue generation from idle assets.

Competitors

InstaDApp's DSL is currently the only concept and there is no competitor on the market. As an aggregation layer or entry point for DeFi, projects that are most similar to InstaDApp include DefiSaver, Zapper and Zerion.

Points

The value of the DeFi aggregation layer will indeed increase in the long term, but the aggregation layer value proposition may still take a long time to materialize, mainly because: DeFi is still in the early stages of development, and the product supply is still too small. On the one hand, when the supply is too small, the value of aggregation cannot be established. Users can skip the aggregation layer (InstaDApp) and go directly to the supplier (Aave), because the supplier is really indispensable. Therefore, at this stage, the aggregation layer must adapt to the changes of the supplier. For example, InstaDApp's highly praised Maker-compound bridge and Sai-Dai bridge are in essence InstaDApp's aggregation layer ADAPTS to the changes of the supplier layer. On the other hand, if the supply side is too strong, the supply side itself will start to do "convergence". For example, we can see the situation of the mixed operation of various DeFi head projects with the naked eye.

Market Commentary

As for InstaDApp, which is the entrance of DeFi, DefiSaver, Zapper and Zerion, which have the most similar business form, have not yet been issued/listed. Although Zapper and Zerion have also received investment from some top institutions, frankly speaking, None of these products has yet found a good value capture model, and it will be some time before DeFi aggregation layers explode. Therefore, it is currently impossible to accurately evaluate InstaDApp as a traffic entry point.

Project Risk

At present, InstaDApp is still too geek, a considerable number of DeFi users still lack of understanding of InstaDApp, giving people the intuitive feeling that users' cognition of InstaDApp is far from proportional to its TVL. But the team seems to be recognizing this, both in hiring a director of operations and in June announcing a partnership with Asia Defi Network (founded by longhashVC), which will assist InstaDApp's community operations. Currently, there is no clear project roadmap for product planning. In the past, apart from the DSL that will be strongly promoted this time, most of the achievements of the project team in the past more than a year also come from the spontaneous action rather than the intentional action for specific goals, which also shows that the team is not good at planning. Product expansion issues: The current InstaDApp product form can easily support only loan-based or loan-based products. However, InstaDApp will need to integrate more DeFi product types (derivatives trading, insurance, etc.) if this is to become a DeFi entry point. However, under InstaDApp's DSL framework, more development work is needed to access a new type of protocol. Smart contract risks Although DSL has been audited by Peckshield, DSL is still new to the DeFi world and uniqueness brings special risks.

Values

InstaDApp's DSL(DeFi Intelligent Layer) architecture is original in DeFi, meaning to be a separate layer between the user and the DApp, which is worth looking forward to in the future.

Investment Opportunity

The value proposition of the DeFi aggregation layer still needs to wait for the further explosion of the DeFi ecosystem. InstaDApp has some first-mover advantage in the aggregation layer, and the development of DSL will help increase InstaDApp's value as an aggregation layer, which is expected to achieve real economies of scale.

Pairs

RankSourcePairPrice24hVolume(24H)Trading PercentUpdated
1CoinEx1CoinExINST/USDT
1.2415
0.91%$2,375.1350.0003%2024-10-18 08:33:54

Trading platform transaction information

Trading Percent

All Exchange
ExchangeVolume(24H)Trading Percent
CoinExCoinEx$2,375.13100.0000%Visit