Defi Insight: InstaDapp protocol

InstaDapp intro

Figure 1: InstaDapp Defi Smart Accounts (DSA) (source: https://docs.instadapp.io/)
  • Interop — cross-chain transfers of positions (lending, debt positions, or AMM positions).
  • Assembly — aimed at developers Assembly is the open-source dashboard for the InstaDapp Protocol.
  • Refinance — refinance your DeFi positions between protocols by utilizing flash loans.
  • Flashloan aggregator — Many flashloan providers charge different fees (eg Aave, MakerDAO, Balancer, etc.). Instadapp has aggregated all these different routes along with other complex ways to get flashloans giving developers the ability to get access to the flashloans with the lowest fees. Additionally, by combining the liquidity of all pools, the aggregator could provide deeper liquidity to the user.

InstaDapp Lite

Figure 2: InstaDapp Lite asset overview (source: https://lite.instadapp.io/)

Recent challenges

The INST token

The classification of INST according to the ITC:

Instadapp Tokenbase entry and classification according to the ITC
Figure 3: The INST Tokenbase entry (Source: https://itin.itsa.global/JV9DFTDG4)

The International Token Standardization Association (ITSA) e.V.

  • The International Token Identification Number (ITIN) is a 9-digit alphanumeric technical identifier for both fungible and non-fungible DLT-based tokens. Thanks to its underlying Uniform Token Locator (UTL), ITIN presents a unique and fork-resilient identification of tokens. The ITIN also allows for the connecting and matching of other media and data to the token, such as legal contracts or price data, and increases safety and operational transparency when handling these tokens.
  • The International Token Classification (ITC) is a multi-dimensional, expandable framework for the classification of tokens. Current dimensions include technological, economic, legal, and regulatory dimensions with multiple sub-dimensions. By mid-2021, there will be at least two new dimensions added, including a tax dimension. So far, our classification framework has been applied to 99% of the token market according to the market capitalization of classified tokens.
  • ITSA’s Tokenbase currently holds data on over 4000 tokens. Tokenbase is a holistic database for the analysis of tokens and combines our identification and classification data with market and blockchain data from external providers. Third-party data of several partners is already integrated, and API access is also in development.

Remarks

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The International Token Standardization Association (ITSA) is a not for profit organization working on holistic market standards for the global token economy.

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International Token Standardization Association

International Token Standardization Association

The International Token Standardization Association (ITSA) is a not for profit organization working on holistic market standards for the global token economy.

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