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The Aave community initiates the "Investing 4 million dollars in INST tokens and establishing a partnership with Instadapp" ARFC proposal

The Aave community initiates the "Investing 4 million dollars in INST tokens and establishing a partnership with Instadapp" ARFC proposal

Bitget2024/11/28 07:43

On November 28, the official governance page showed that the Aave community initiated the "Establish a strategic partnership with Instadapp through investment in INST tokens" ARFC proposal. The proposal suggests that Aave DAO establish a strategic partnership with multi-chain DeFi management protocol Instadapp by investing $400 million in INST tokens with a $3.5 billion FDV, and strengthen cooperation and coordination between the two protocols. Aave DAO will become the launch partner for Instadapp's new token economics and brand reshaping, as well as provide support and promotion for Instadapp products using the Aave protocol, including GHO and Fluid integration. This will involve priority and customized support for integrating the Instadapp team, including providing free flash loans to the Instadapp protocol. Aave DAO will allocate up to one-third of INSTs to support GHO trading pairs on Fluid via Merit; remaining tokens will be vested over one year period delegated to Aave Protocol Embassy.

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