Aave community initiates ARFC proposal to invest 4 million US dollars in INST Token and establish partnership with Instadapp

2024-11-28 06:48:00

Abstract generation in progress

Odaily Planet Daily News According to the official governance page, the Aave community initiated the ARFC proposal "to invest in INST Token and establish a strategic partnership with Instadapp". Aave DAO proposes to invest $4 million in INST Token with a $350 million FDV, establish strategic partnership with multi-chain decentralized finance management protocol Instadapp, and enhance collaboration and coordination between the two protocols. Aave DAO will serve as the launch partner for Instadapp's new tokenomics and brand reshaping, as well as provide support and promotion for Instadapp products utilizing Aave protocol, including GHO and Fluid integration, which will involve priority and customized integration support from the Instadapp team, including providing free Flash Loans to Instadapp protocol. Aave DAO will allocate up to 1/3 of INST to support the GHO trading pair on Fluid through Merit, and the remaining Tokens will have a one-year vesting period and be entrusted to the Aave Protocol Embassy.

AAVE-6.26%

DEFI1.38%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes