Aave Community Releases ARFC Proposal on "Establishing a Strategic Partnership with Instadapp by Investing in INST Tokens"

11/25 03:01

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On November 25th, Aave community released the ARFC proposal "Establishing a Strategic Partnership with Instadapp by Investing in INST Token". The proposal includes Aave DAO investing $4 million in INST token with a FDV of $350 million to establish a strategic partnership with multi-chain DeFi management protocol Instadapp, aiming to strengthen the cooperation and coordination between the two protocols. Aave DAO will allocate up to 1/3 of the INST token to support the GHO trading pair on Fluid through Merit. The DAO will also provide support and promotion for Instadapp products utilizing Aave protocol (including GHO and Fluid integration). The remaining tokens will have a one-year vesting period and be authorized to Aave Protocol Embassy.

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