Introducing InstaDapp's DeFi Smart Layer and Management Token

About InstaDapp

InstaDapp is a One-stop DeFi Asset Management Platform, which allows users to manage multiple assets simultaneously across a variety of protocols such as MakerDao, Aave, and Uniswap,…

The InstaDapp platform focuses on supporting loan and lending services, strategies in leveraged trading.

InstaDapp Account – DeFi Smart Accounts (DSA)

If in other protocols such as Uniswap, Sushi, 1 inches,… You only need to connect the Metamask wallet directly to the protocol to be transactionable, then to start with InstaDapp, you need to open an account called DeFi Smart Account (DSA), this account will be directly linked to the wallet Metamask yours.

Currently, InstaDapp has opened 18,000 DSA accounts, with $1 B of locked value (TVL), $3 B flash loan and more than $1 B of transaction value.

With the boom in DeFi now as well as preparing for the next wave of new DeFi users, InstaDapp has decided:

Upgrade the DSA to a new system.
Launch tokens to increase interoperability between Users, Developers, and DeFi Protocols.

About DeFi Smart Layer

The DeFi Smart Layer (DSL) is a layer of financial infrastructure that makes it easy for all users and developers to access and maximize DeFi. DSL includes:

Smart Account: is an improved version of the Contract Account, which stores assets and also places to make transactions through Connectors.
Connectors are standardized modules to help DSAs interact with a variety of protocols. As a result, developers can create complex DeFi transactions on these protocols using the pure Javascript language.
Authority: users can use professional managers, bots,… to manage their DSA account.

Users can also access DSL through a variety of channels, not only at InstaDapp but also in other Dapps, wallets that allow smart account use.

InstaDapp’s role in DeFi Smart Layer

InstaDapp’s long-term goal is to support developers to use DSL as an intermediary interface, so that users through DeFi Smart Layer can access a lot of protocols at the same time, satisfying financial needs, and DApps that use DSL as intermediaries will also have access to a huge customer file.

DeFi Smart Layer Benefits

DSL was created with the aim of being a place to synthesize DeFi protocols and eliminate complications for users and developers. This creates 5 main benefits in the development of Defi generally:

Instant access to all DeFi, using a variety of utilities on protocols without deploying any more smart contracts.
Easily develop important features such as community recovery and custom permissions.
Aggregate liquidity on smart accounts and base protocols to leverage it for fast loans (Flash loan).
Build new revenue streams from automation or help users authorize transactions to manage their DeFi assets.
All transactions on DSL are secured by default, as no new smart contracts are deployed, which simplifies and eliminates attack capabilities.

Token for InstaDapp’s DSL administration

Token holders will have the right to manage issues such as whitepaper protocols, transaction fees, financial structure from the project’s treasury fund,…

Part of the fee from interfaces that use DSL accounts or new protocols being built on the platform will be redistributed to token holders.

When updating to the v2 version of Defi Smart Accounts (DSA), InstaDapp will also introduce the ability to upgrade accounts and this will give DAO a large number of options to add deep functionality to users, including that they automatically provide their unused assets for many cases such as fast loans, yield farming, transfer assets in both L1 & L2 and profit from them.

This will greatly expand both the power of knives, as well as utility for DSL users.

The initial administration will be managed by the Instadapp team and investors. The project expects the decentralization of governance to take place as soon as the token’s launch, through a combination of liquidity mining, developer incentives, and authorization for select groups.

Token Allocation

45%: will be for the Development Team, investors and new team members.
55%: for ecosystem development, including liquidity mining, relationships with partners, miners and representatives.

The token is expected to launch in March. Details of the token will be announced soon.

Concluding

The future of DeFi will lie in bringing new experiences to users and developers. By aggregating all assets and liquidity into a single platform, InstaDapp will eliminate complexity and make it easier for people to access DeFi.

Above is the content of the update on upgrading to DeFi Smart Layer of InstaDapp

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