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Aave Community Releases ARFC Proposal "Establishing a Strategic Partnership with Instadapp by Investing in INST Tokens"
Editor
2024-11-25 11:02:01 869
According to news on November 25, the Aave community released an ARFC proposal to “establish a strategic partnership with Instadapp by investing in INST tokens.” The proposal includes Aave DAO establishing a strategic partnership with the multi-chain DeFi management protocol Instadapp by investing US$4 million in INST tokens with US$350 million in FDV, aiming to strengthen cooperation and coordination between the two protocols. Aave DAO will allocate up to 1/3 of INST tokens to support the GHO trading pair on Fluid via Merit. The DAO will also provide support and promotion for Instadapp products that leverage the Aave protocol, including GHO and Fluid integration. The remaining tokens will be vested with a one-year vesting period and licensed to Aave Protocol Embassy.
Keywords: Bitcoin
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