TL;DR
Few products on the market offer the level of services available on Instadapp. Its portfolio management suite makes life simple for both veterans and newcomers in the market. As more people get familiar with the crypto world. Tools like Instadapp become a beneficial commodity for navigating your way through the DeFi ecosystem and keeping everything together in one place. Looking at the benefits of using a portfolio management suite. It’s time to check out Instadapp and discuss how the product works and if it’s a good fit for you.
While these types of tools aren’t necessarily new to us. Instadapps’ level of coverage when it comes to product integration is a hard thing to compete with. Sure, there are plenty of places where you can paste a public address and see where all of your assets are located across every network associated with that address. This may provide you with a link to each position’s location. But you’re still required to interact with that dApp directly. On Instadapp you’ll find all your DeFi positions in one place. Making it much easier to manage your portfolio and track your current holdings. This is just one of the key differences between Instadapp and other less advanced products.
What is Instadapp?
Founded in 2018 by two brothers looking to make their mark on the industry. Instadapp was designed to be middleware that makes accessing the DeFi ecosystem less stressful for beginners. Instadapp has managed to capture just enough of the marketplace to continue making new products and improving on their existing ones. Steadily moving forward to carve out more and more market share with every year. This shows how well Instadapp can manage its funding of $12 million raised back in 2021. No doubt with the help of its biggest investors Coinbase Ventures, Pantera Capital, and Fantom Founder Andre Cronje.
Instadapp revolves around the use of accounts known as Defi Smart Accounts (DSA). As an open-source protocol whose codebase is available for public use. Instadapp maintains a self-custody environment that allows anyone using the product to remain in complete control of their assets at all times. Users interact with their smart accounts through their existing wallets. This helps to obfuscate the user from the protocols they interact with, such as Uniswap, Maker, Aave, and Compound. So while the Defi Smart Wallet itself is not vulnerable to attacks such as front running, oracles, or flash loan-related exploits. When interacting with the underlying protocols, you assume the same risk as you would using these protocols directly with any Web3 wallet.
Instadapp Product Suite
Getting into the meat and potatoes of Instadapp, we have a list of four distinctive products to cover. The great thing about Instadapp is that you can use one of these products without needing to touch any of the others. Each product offered by Instadapp is a standalone design that doesn’t rely on anything else to function. Giving you just what you need without any additional noise.
Instadapp Lite
If you’re just starting your crypto journey then Instadapp Lite is what you’ll likely gravitate to. It’s the easiest way to deposit crypto and earn interest on some of the most popular DeFi assets on the market. All you have to do is deposit funds into your desired Strategy…
Head of Research Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin. As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom. “The swarm is headed towards us” -Satoshi Nakamoto
