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Defi aggregation platform Instadapp issues governance tokens INST and airdrops to MakerDAO, Compound, and AVE users

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Defi users can receive airdrops

Defi aggregation platform Instadapp announced the official launch of the governance token INST on Twitter on June 17. All future protocol updates will be transparently conducted through open discussion by the community and votes of INST holders.

Total tokens: 100 million

Address: 0 x6f40d4a6237c257fff2db00fa0510deeecd303eb

Token allocation:

-Instadapp Community: 55%

-Current team members: 23.79% (unlocked in 4 years)

- Investor: 12.07% (4 years unlocked)

- Future team members and ecological partners: 7.85%

- Advisor: 1.27% (unlocked for 4 years)

Token allocation and reward method

(1) Defi user airdrop

Users with positions in the MakerDAO, Compound, or AVE mainnet (including the Polygon chain) at the time of INST token launch are rewarded with a total of 11 million INST tokens airdropped based on the size of their positions. Users who use Instadapp to manage their positions calculate their rewards on a net multiple (collateral minus debt) basis.

(2) Flow mining

Users who upgrade their accounts to DSA V2 on the Instadapp protocol will be eligible to participate in the three-month mobility mining program. A total of 3 million INST tokens will be distributed in proportion to the net value of users' MakerDAO, Compound, and AVE positions on the Ethereum mainnet.