This guide will show you how to create an account and deposit your first asset into your DeFi Smart Account.
To get started you will need:
- Internet Browser
- a web3 wallet (we recommend Metamask)
Learn More about Instadapp
If this is your first time using Instadapp we recommend checking our Quick Knowledge Guide which will familiarize you our platform and concepts.
Simulation Mode
You can also try the platform without creating an account by using Simulation Mode
Account Creation
1) Create an account on Defi.Instadapp.io
To use Instadapp you will need to create a DeFi Smart Account (DSA) you can create a DSA on either Ethereum or Polygon. Set your wallet network to Polygon if you would like to create a Polygon account.
Connect your wallet to Defi.Instadapp.io and the side panel will open and ask you to create a new account.
2) Submit the Account Creation TX
The DSA is a non-custodial smart contract wallet users generte their own Smart Account. The wallet that generated the Smart Account becomes that accounts owner. You use your regular metamask wallet to access your new DSA.
3) Wait for tx to confirm
Please wait for the transaction to confirm, once it confirms your new account will load.
Thats it! You've created your first DeFi Smart Account. You can find your account number in the top right.
Locate and find your unique DSA Address
Let's find our new DSA address and begin depositing assets into our new account. You can locate your new address on the Deposit screen.
There are a few ways for you to fund your account:
- Deposit assets from your wallet using the GUI →
- Migrate DeFi positions into DSA →
- You can also deposit directly by sending assets into your DSA address.
Ethereum and Polygon DSA addresses are chain specific, if you send Mainnet funds to your Polygon DSA those funds will be lost!!!
Deposit Assets into your account using the GUI deposit
1) Open Deposit Tab
On the interface click the Deposit button and the Deposit tab will open.
The Deposit tab will open
2) Select Asset
Find the asset to be deposited and click Deposit.
3) Enter Withdrawal Amount
Enter the amount of the token to be deposited
Or click the Set Max button to deposit the entire available balance
4) Submit Withdrawal Transaction
Confirm the deposit transaction on Metamask
Once the transaction confirms, the updated balance will be reflected on the interface
