Instadapp WBTC

Instadapp WBTC

IWBTC
$17,898.74%-0.45

Key Metrics

Price$17,898.74
Real Volume (24H)$0
Marketcap$4,355,293
Fully Diluted ValuationN/A
ATH$32,896
ATH Date5/31/2022, 8:01:42 PM
ATL$16,702.44
ATL Date11/21/2022, 11:00:21 PM
Circulating Supply243
Total Supply243
WebsiteN/A
WhitepaperN/A
Popularity Rank1119
Chart
What is Instadapp WBTC?

Instadapp's INST token is at the heart of their decentralized platform, enabling users, developers, and businesses to shape the future of DeFi. As a governance token, INST aligns incentives and provides stewardship, allowing token holders to determine the evolution and direction of the Instadapp platform.

With INST, the Authority Framework opens up a wealth of new use cases for the DeFi Smart Account. Developers can create modular account authorizations and contract-specific permissions, providing new ways to manage idle assets, increase capital efficiency, and build automated account managers.

As the governance token contract, INST enables token holders to vote on system upgrades, platform parameters, and code changes, ensuring a decentralized decision-making process. Liquidity and Bridges are another critical area where INST token holders will play a role in governing decisions and the evolution of these liquidity sources.

Additionally, token holders will manage the allocation of Ecosystem Funds and the DAO treasury, providing funding for building partnerships, liquidity, integrations, and other essential community-driven projects.

With the DeFi Smart Layer, new use cases can be built upon the DeFi Smart Accounts. The Governance framework will manage how extensions are added to the Instadapp platform, giving the community a say in its development and growth.

The INST token is at the forefront of decentralized finance, unlocking new possibilities for the DeFi ecosystem. As a governance token, INST aligns incentives and ensures that decisions are made democratically by token holders.

By enabling modular account authorizations and contract-specific permissions, INST empowers developers to build new use cases, increasing capital efficiency and building automated account managers. System upgrades are executed and managed by the governance token contract, ensuring that changes to the platform are decentralized and transparent.

INST token holders also govern liquidity and bridges, managing the decisions and evolution of these critical liquidity sources. By managing the allocation of Ecosystem Funds and the DAO treasury, token holders can fund community-driven projects, partnerships, and integrations.

With the DeFi Smart Layer, extensions can be added to the Instadapp platform, bringing new functionality to DeFi Smart Accounts. The governance framework will manage the addition of these extensions, ensuring that decisions are made democratically and with the community's best interests in mind.

As the DeFi ecosystem grows, Instadapp's INST token is at the forefront of decentralization, empowering users, developers, and businesses to shape the future of DeFi. With its Authority Framework, System Upgrades, Liquidity and Bridges, Ecosystem Funds, and Account Extensions, INST provides governance and stewardship, unlocking new possibilities for the DeFi Smart Accounts. By empowering the community, Instadapp's INST token is a critical component of the decentralized future of DeFi.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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