Instadapp is an Ethereum DeFi middleware platform (founded 2019 by brothers Samyak Jain and Sowmay Jain) that provides DeFi Smart Accounts (DSAs) — programmable smart contract wallets enabling one-click multi-protocol DeFi operations such as switching debt from Aave to Compound in a single transaction, flash loan-powered collateral swaps, position refinancing, and leveraged strategy execution — with INST as the governance token (launched June 11, 2021 via retroactive airdrop to active DSA users), and Fluid Protocol as the team’s next-generation standalone lending and DEX product.
| Stat | Value |
|---|---|
| Ticker | INST |
| Price | $1.70 |
| Market Cap | $132.70M |
| 24h Change | +6.7% |
| Circulating Supply | 77.95M INST |
| Max Supply | 100.00M INST |
| All-Time High | $24.40 |
| Contract (Ethereum) | 0x6f40...03eb |
| Contract (Plasma) | 0x61e0...49cd |
| Contract (Solana) | DuEy8w...pCHQ |
| Contract (Base) | 0x61e0...49cd |
| Contract (Polygon Pos) | 0xf50d...7dee |
| Contract (Arbitrum One) | 0x61e0...49cd |
How It Works
- DeFi Smart Account (DSA) — Each Instadapp user deploys a personal DSA — a smart contract proxy account. DeFi interactions happen through the DSA rather than directly from the user’s EOA (externally owned account), allowing batch transactions and protocol interactions that EOAs can’t execute in one step.
- Connectors — Instadapp’s connector system modularly links DSAs to specific DeFi protocols (AaveV2 connector, AaveV3 connector, Compound connector, MakerDAO connector, Uniswap connector). Users can string together multiple connector calls in one transaction.
- Flash loan composition — Instadapp’s Spell system enables flash loan-powered operations: borrow ETH via flash loan → use to repay Maker vault → withdraw collateral → deposit to Aave → borrow DAI → repay flash loan — all atomically in one transaction.
- Automation — Instadapp’s Automation module monitors position health factors and triggers automated refinancing or collateral rebalancing when thresholds are hit.
- INST governance — INST holders vote on Instadapp platform upgrades, connector additions, fee configuration, and treasury allocation.
Tokenomics
| Parameter | Value |
|---|---|
| Ticker | INST |
| Max supply | 100,000,000 INST |
| Initial distribution | Community (40% via retroactive airdrop to 11,000+ DSA users), team (20%), investors (20%), ecosystem (20%) |
| Launch | June 11, 2021 (retroactive airdrop) |
| Governance | INST holders vote on Instadapp protocol DAO decisions |
Use Cases
- DeFi position management — Manage Aave, Compound, and MakerDAO positions from a single DSA interface.
- Debt switching — Instantly move a loan position from Aave to Compound (or vice versa) in one transaction.
- Flash loan execution — Perform complex flash loan strategies without writing custom contracts.
- Position automation — Automated health factor management and liquidation protection.
History
- 2019 — Instadapp launches as a web dashboard for managing MakerDAO CDPs. The first iteration is focused on Maker CDP management (before multi-collateral DAI).
- 2020 — DeFi Summer. Instadapp expands to Compound and Aave integration. The platform becomes a standard tool for sophisticated DeFi users managing large positions across protocols.
- 2021-06-11 — INST governance token launches via retroactive airdrop to approximately 11,000 Instadapp DeFi Smart Account users. The airdrop is considered generous and well-targeted to genuine users.
- 2021 — Instadapp raises strategic investment from Coinbase Ventures, Pantera Capital, and others. INST reaches its all-time high during the bull market.
- 2022–2023 — Instadapp team begins development on Fluid — a next-generation unified lending+DEX protocol built from scratch. Instadapp continues providing DSA services as the primary product.
- 2024 — Fluid Protocol launches on Ethereum (see Fluid entry). INST governance token is migrated to FLUID token for Fluid Protocol governance. Instadapp continues operating as the DeFi account management front-end.
Common Misconceptions
“Instadapp is a DeFi protocol with its own lending pools.”
Instadapp is middleware — it does not provide lending pools itself. DSAs interact with Aave, Compound, and MakerDAO. Instadapp’s newer product (Fluid) does have its own lending markets, but Instadapp’s original platform is purely an aggregation and execution layer.
Last updated: 2026-04