InstaDApp — a decentralized financial application on the Ethereum blockchain that aims to provide an easy-to-use layer for interoperability with other DeFi protocols.
Contents:
- Brief description of the dapp of the application
- How does a blockchain project work?
- More about dapp
Brief description of the dapp of the application
InstaDApp — a reliable smart wallet for DeFi that makes complex cross-protocol transactions simple and straightforward. Instead of using 4 different applications to perform specific functions such as lending and borrowing, InstaDApp provides an interface that allows you to do it all in one place. It can be thought of as being similar to a banking portal that allows for more efficient management of crypto finance.
How does a blockchain project work?
To use Insta DApp and interact with its portal, the user needs an Ethereum web3 wallet, for example, MetaMask, Coinbase wallet or Trust Wallet. In doing so, they can manage all their digital assets from the InstaDApp dashboard.
This guarantees full storage of assets. The project also does not charge any transaction processing fees. The user just needs to make sure they have enough gas when they initiate a transaction.
There are four main activities that you can perform on the platform:
| Lending | Place your crypto on a deposit and earn interest on it. |
| Crediting | Instant lending directly from your dashboard. |
| Leverage | Increases capital with which you can trade. |
| Exchange | Instant exchange of tokens from your web3 wallet. |
Insta DApp acts as an interface to provide loans and borrowings on its platform by connecting to the DeFi protocol, Compound Finance. Compound Finance is an open source protocol that allows developers to build DeFi apps on top of it. Its main functionality - to create money markets.
More about dapp
At Insta DApp, developers strive to develop a decentralized finance ecosystem and create innovative protocol-based products to ensure widespread adoption of the #DEFI industry across the industry. If you have any questions, you can contact the creators of the platform via Twitter. Also, there is a telegram channel, to which more than 1000 people are subscribed, and e-mail. You can check the audit of the smart contract on the GitHub website.