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19 April 2021

Instadapp Launches Governance Token, Introduces "DeFi Smart Layer" | Crypto Briefing

Instadapp Launches Governance Token, Introduces "DeFi Smart Layer" | Crypto Briefing


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INST will be used to govern the Instadapp Protocol, which the team has described as a “DeFi Smart Layer.”.

Like many other tokens launched by nascent DeFi projects, INST will be used to govern the protocol’s future, essentially improving its state of decentralization.

The blog post says that governance will have a “very substantial role” in the protocol, including tokenomics and future Instadapp extensions. 

Many projects like Instadapp have distributed governance tokens through airdrops as a way of rewarding early users

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