Coinscreed
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $30,159.000.650% 24H
    BITCOIN
    24H : 0.650%
    Volume : $26,677,571,748.00
    Marketcap : $574,395,606,686.00
  • ethereumEthereum(ETH)
    $2,051.24-0.19% 24H
    ETHEREUM
    24H : -0.19%
    Volume : $18,207,097,629.00
    Marketcap : $247,789,624,993.00
  • binancecoinBNB(BNB)
    $300.071.13% 24H
    BNB
    24H : 1.13%
    Volume : $1,689,390,476.00
    Marketcap : $50,453,673,504.00
  • rippleXRP(XRP)
    $0.424-0.53% 24H
    XRP
    24H : -0.53%
    Volume : $2,339,641,948.00
    Marketcap : $20,500,287,657.00
  • cardanoCardano(ADA)
    $0.5775.63% 24H
    CARDANO
    24H : 5.63%
    Volume : $1,127,940,866.00
    Marketcap : $19,516,937,087.00
  • terra-lunaTerra(LUNA)
    $0.00019-36.90% 24H
    TERRA
    24H : -36.90%
    Volume : $2,185,533,119.00
    Marketcap : $1,333,553,655.00
Coinscreed
No Result
View All Result
homerun token
Home Altcoin News

What you should know about Instadapp token

LollyCrypt by LollyCrypt
11 months ago
in Altcoin News, DeFi
Reading Time: 4 mins read
A A
Share on FacebookShare on Twitter

Instadapp is a token built on the Ethereum blockchain and it is a mission-critical piece of DeFi infrastructure listed on coinmarketcap.

What you should know about Instadapp

Instadapp was created three years ago with the goal of making DeFi more accessible and user-friendly. Since then, Instadapp has become a mission-critical part of the DeFi infrastructure and has achieved the following milestones:

SuggestedArticles

Polygon To Help Terra Projects Migrate Swiftly To Polygon Network

Terra Projects Gets Aid From Polygon Network

6 hours ago
Fantom Blockchain Suffers Another Massive DeFi Hack

Fantom Blockchain Suffers Another Massive DeFi Hack

2 days ago
  • Nearly 55,000 Instadapp DSA created.
  • More than $5B TVL in Instadapp DeFi Smart Accounts.
  • Over 50% of all flash-loan volume on Ethereum originated via Instadapp.

Today, it is proud to announce that the Instadapp protocol is been put into the hands of the Instadapp community. INST governance is active on the Ethereum mainnet. From now on, all protocol updates will be conducted in a transparent manner through open community discussions and INST holder voting.

INST Allocation

100 million INST (100,000,000 INST) have been minted at the genesis and will become accessible over the course of 4 years. The initial allocation is as follows:

  • 55% (55,000,000 INST) to Instadapp community members.
  • 23.79% (23,794,114 INST) to current team members with 4-year vesting.
  • 12.07% (12,078,714 INST) to investors with 4-year vesting.
  • 7.85% (7,851,941 INST) for future team members and ecosystem partnership.
  • 1.27% (1,275,231 INST) to advisors with 4-year vesting.

It is to note that rewards occur continuously through smart contracts.

INST Distribution and Rewards

Instadapp Devs believe that DeFi users are the most responsible stakeholders and should share the ability to update the agreement. After the launch, there will be three reward distribution plans:

1) DeFi User Distribution (16/06/2021)


At launch, there was 10,000,000 INST immediately available to claim by +312k users that manage DeFi positions on Maker, Compound, or Aave on Mainnet. Similarly, there was 1,000,000 INST available to claim by +50k users that manage Aave positions on Polygon. These tokens can be claimed by upgrading your account to DSA v2 on the Instadapp protocol. Details on the retrospective distribution:

  • The net value (collateral minus debt) is used as the base to calculate how much INST a user receives.
  • To ensure fair INST distribution, the INST distribution has a diminishing increment as the net value increases.
  • To reward Instadapp users, those using Instadapp to manage their positions will have their net value counted double while calculating the distribution chart.


The position snapshot is taken from block number #12644000 on Mainnet and #15773000 on Polygon. Once the rewards are claimed, partially or entirely, it’s not claimable again.

Instadapp users can migrate here, and external users can migrate here. These INST are not subject to vesting or lock up.

2) Liquidity Mining (16/06/2021 to 16/09/2021)


Upon importing to DSA v2, you’ll be eligible for a 3-month long liquidity mining program. A total of 3,000,000 INST will be distributed proportionately to the net value of your Maker, Compound & Aave positions on Ethereum Mainnet.

The INST will be available to claim weekly on the Instadapp dashboard. These INST are not subject to vesting or lock up.

3) UNI-v3 Staking (16/06/2021 to 16/09/2021)


The first-ever liquidity mining on top of the Uniswap v3 price range pool is live with the ERC20 implementation on the Ethereum mainnet. The following pools are eligible for INST rewards in the 3-month staking program.

  • Pool #1 has 0.01 ETH/INST as the minimum and 0.04 ETH/INST as the maximum price. This pool is eligible for 250,000 INST rewards.
  • Pool #2 has 0.04 ETH/INST as the minimum and 0.1 ETH/INST as the maximum price. This pool is eligible for 750,000 INST rewards.

Tags: blockchaindefiethereumInstadapp

BTC365

Coinscreed

Copyright © 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos

Copyright © 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.