Instadapp's Game-Changing DeFi Innovations: Part I | The Edge Podcast
Samyak Jain is the CoFounder of Instadapp.
In this episode of The Edge Podcast, we interview one of the earliest and most respected builders in DeFi. Sam and his brother Sowmay Jain have an epic story to tell going back to 2019, when they won an ETHGlobal hackathon building what is now known as Instadapp.
Instadapp is a rich platform for both users and developers to leverage the full potential of DeFi. With Instadapp, you have access to the most powerful flashloan recipes allowing users to create leveraged positions and move them across the most popular DeFi protocols, in just a few clicks. Since 2018, Instadapp has been trusted with as much as $13B in value deposited at once in its smart contracts.
Today, we discuss their latest innovation--Avocado, a smart contract wallet enabling what's known as network abstraction, gas abstraction, and account abstraction. Buckle up because this podcast is packed with new information that you won't find elsewhere, about the future of Instadapp and DeFi!
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Topics Covered
00:00 - Intro 06:30 - Background on Sam 10:00 - Why share the spoils of DeFi 12:25 - Starting with Instadapp 14:20 - What is Avocado 16:00 - Fees on Instadapp 17:25 - Benefits of Avocado 26:50 - Impact of Avocado innovations 31:05 - Avocado Team (Avocado Multisig) 33:20 - Getting started with Avocado 34:05 - Value accrual to INST holders 38:00 - Demo of Avocado wallet 42:36 - Closing
Guest Links
Samyak on Twitter twitter.com/smykjain
Instadapp on Twitter twitter.com/Instadapp
Learn about Avocado by Instadapp avocado.instadapp.io/
🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: fourthrevolution.capital/
All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. Nomatic disclosed during the podcast that he was holding INST at the time of this recording. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research.