Instadapp
Crypto Overview
Purpose and Utility
Instadapp is a decentralized finance (DeFi) protocol that aims to create a middleware layer for connecting multiple DeFi protocols. The INST token serves as a governance token, allowing holders to participate in protocol decisions and development direction.
Business Model Analysis
The platform acts as an aggregation and automation layer for DeFi protocols, enabling users to manage multiple DeFi positions through a single interface. The core technology itself doesn't involve direct lending or interest-bearing activities, but rather provides infrastructure for interacting with various DeFi protocols.
Real-World Adoption
Instadapp has demonstrated significant adoption in the DeFi space, with over $2.5 billion in Total Value Locked (TVL) across various integrated protocols. The platform maintains active integration with major DeFi protocols such as Aave, Compound, and MakerDAO.
Development Activity
The project maintains active development with regular updates to its protocol and infrastructure. The team consistently releases new features and improvements, indicating genuine utility development rather than pure token speculation.
Token Distribution and Governance
The INST token distribution includes allocations for community incentives, team members, and development fund. Team tokens are subject to a vesting schedule to ensure long-term alignment with the project's success.
Crypto Impact
To assign a comfort level investing in Instadapp from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Instadapp.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.