Instadapp Codex
Instadapp Codex
INST Token

INST Token

Governance Token

ERC20: Ethereum Mainnet, Polygon

INST Token Distribution

100,000,000 INST Minted at Genesis (4 year vesting)

  • 55% (55,000,000 INST) to Instadapp community members.
  • 23.79% (23,794,114 INST) to current team members with 4-year vesting.
  • 12.07% (12,078,714 INST) to investors with 4-year vesting.
  • 7.85% (7,851,941 INST) for future team members and ecosystem partnership.
  • 1.27% (1,275,231 INST) to advisors with 4-year vesting.

Coingecko Page

Token Contracts

Network/TypeToken Contract
Mainnet/ERC20
0x6f40d4a6237c257fff2db00fa0510deeecd303eb
Polygon/ERC20
0xf50d05a1402d0adafa880d36050736f9f6ee7dee

INST Distribution at DeFi Smart Layer Launch

This was the initial token distribution which distributed INST tokens to DeFi Balances on the major DeFi Protocols. The snapshot was taken on June 6th, 2021.

DeFi User Distribution from 6/16/2021 to 9/25/2021

  • 10,000,000 INST Claimable By 312k Ethereum Addresses (Maker, Compound, Aave V2)
  • 1,000,000 INST Claimable By 50k Polygon Addresses (Aave V2)

Liquidity Mining

First Liquidity Mining Event from 6/16/2021 to 9/16/2021

  • Maker, Compound, Aave V2 - 3,000,000 INST was allocated for DeFi Balances in these protocols distributed based on net value.
  • G-UNI ETH/INST Staking
    • Pool #1 has 0.00351 ETH/INST as the minimum and 0.01 ETH/INST as the maximum price. This pool is eligible for 250,000 INST rewards.
    • Pool #2 has 0.00199 ETH/INST as the minimum and 0.01 ETH/INST as the maximum price. This pool is eligible for 750,000 INST rewards.

In total 4,000,000 INST were distributed via Liquidity Mining and G-Uni Staking

Second Liquidity Mining Event from 9/16/2021 to 12/15/2022

On 9/5/2021 Governance extended the Liquidity Mining period by allocating an additional 4m INST to continue the ongoing rewards until the start of the following year.

  • Liquity was added to the three LM protocols. (Maker, Compound, Aave V2) Liquity Trove's will also share in the 4,000,000 INST allocated for DeFi Balances in these protocols distributed based on net value.

Governance and Community updated the Staking Rewards

  • G-UNI ETH/INST Staking
    • Pool #1 was depreciated
    • Pool #2 has 0.00199 ETH/INST as the minimum and 0.01 ETH/INST as the maximum price. This pool is eligible for 250,000 INST rewards.
  • Uniswap v3 Staking
    • Users can create their own INST/ETH Uniswap positions and stake them for additional rewards. This pool is eligible for 250,000 INST rewards.

In total 4,000,000 INST were distributed via Liquidity Mining and G-Uni Staking

You can read more about the INST token in this blogpost: Introducing INST

Audit Report

PeckShield

Governance Forum

Governance Voting

History

Pre-Launch

On February 17, 2021, the Instadapp Team published "Introducing DeFi Smart Layer" outlining the DeFi Smart Layer (DSL). DSL emerged after Instadapp accomplished $1 billion in TVL, 18k accounts, and $3B in flash loan volume. DSL was a necessary feature to drive further adoption to Layer 2 scaling solutions due to seamless migration tools and composability. To ensure Instadapp kept the Ethereum and DeFi ethos a governance token was necessary to help fund ecosystem growth, implement fee models, approve L2 migrations, assign guardians, infuse flash loan capabilities, approve account upgrades, and whitelist new protocols.

Launch

On June 16, 2021 Instadapp published "Introducing INST" ushering in a new era for the Instadapp community. In the 4 months prior, Instadapp saw 37k new accounts created, $4 billion in additional TVL, and accounted for over 50% of all flash loan volume on Ethereum.

🎯
Follow Up: After three months the community set forth a proposal for the DAO to reclaim any unclaimed tokens. On 9/25/2021 around 8m tokens were reclaimed by the DAO for further growth and expansion.