Asset management platform InstaDApp issues governance token "INST", airdrop and liquidity mining launched simultaneously

The decentralized asset management platform InstaDApp announced the issuance of governance token "INST", with 11% of the tokens to be airdropped, and also launched a 3-month liquidity mining program.

InstaDApp

InstaDApp officially launched in December 2018 and has raised $2.4 million in funding from well-known venture capital firms such as Coinbase Ventures and Pantera Capital. The platform integrates mainstream DeFi protocols with the aim of simplifying the complexity of DeFi investment for users.

Similar to the previously introduced all-in-one investment platform "Zapper," InstaDApp integrates mainstream DeFi protocols through smart wallets and bridging protocols, including Maker, Aave, Compound, and Uniswap. It also supports functions such as migrating collateral assets between different protocols.

INST Token Distribution and Rewards

The total supply of INST is 100 million tokens, which will be distributed over 4 years as follows:

• 55%: InstaDApp community members
• 23.79%: Current team members
• 12.07%: Investors
• 7.85%: Future team members, strategic partners
• 1.27%: Advisors

INST Token Airdrop

10% of the total issuance, 10 million INST tokens, will be airdropped to users holding positions on the Maker, Compound, or Aave mainnets; 1%, one million tokens, will be airdropped to Aave users on Polygon.

To reward InstaDApp users who manage the above DeFi protocols through the platform, the reward net value will be doubled. Users must upgrade their InstaDApp smart account, Defi Smart Account (DSA), to v2 and migrate to receive the airdrop.

• InstaDApp User Migration
• External User Migration

INST Liquidity Mining

Users who migrate to DSA v2 can participate in a 3-month liquidity mining program where 3%, three million INST tokens, will be distributed based on users' positions in Maker, Compound, and Aave.

Uniswap v3 Staking Mining

Users who provide liquidity within specific price ranges on Uniswap v3 can also receive rewards. The trading pool fees are 0.3% and 1% respectively:

• ETH/INST pair: Price range 0.01 – 0.04, evenly split 250,000 INST rewards
• Pool #2 ETH/INST: Price range 0.04 – 0.1, evenly split 750,000 INST rewards

Currently, apart from governance functions, there is no specific long-term reason for InstaDApp users to hold INST tokens. The historical high of INST was $24, and the price at the time of writing is $12.84.