What is InstaDApp DeFi?
InstaDApp is a smart wallet with an intuitive interface built on top of popular DeFi projects like MakerDAO, Compound, Uniswap, etc. for managing assets. It’s optimized for users lacking advanced technical or financial experience.
InstaDApp allows users to perform complex actions like leveraging or saving by buying or selling collateral in a single transaction. One of InstaDApp’s most popular features is its Bridge which allows users to migrate debts between Maker Vaults and Compound Finance. Other features include the option to lend assets or add liquidity to Uniswap pools.
Aims to drive interoperability between protocols for power users and ease of development allowing developers of all stripes to start leveraging the full potential of Decentralised Finance.
Conceived at ETHIndia in August 2018, InstaDApp launched on the Ethereum mainnet in December 2018 and released its v2 update in April 2019. The team plans to add tie-ins with other protocols and additional features as it continues toward its goals of becoming a decentralized bank and driving mainstream adoption of DeFi. InstaDApp has no native token and currently charges no fees.
InstaDApp’s dashboard is where you can access all its features. InstaDapp creates each user a unique smart contract wallet where you can manage new and existing Vaults, assets in Compound, and Uniswap liquidity pools
Who keeps the custody of assets?
Instadapp uses smart contracts to secure transactions and your assets are stored on a Contract Wallet. You can view everything publicly. All transactions are traceable and irreversible. Smart Contracts operate on algorithmic logic, formulated with accuracy and precision. We do not hold any of your assets.
What are our fees?
Our platform is free to use. However, you must have enough ETH to carry out transactions and to pay any blockchain level transaction fees.
Is Instadapp available in my country?
You can access InstaDApp from anywhere in the world provided you have access to your private key and internet.