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

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Guest Links

Samyak on Twitter
twitter.com/smykjain

Instadapp on Twitter
twitter.com/Instadapp

Learn about Avocado by Instadapp
avocado.instadapp.io/

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🙏 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.

1/ Introducing Avocado Position Imports 🥑

Users can now easily import DeFi positions into the Avocado wallet on any supported chains, enjoying powerful Abstraction benefits while managing assets.

Plus, get up to $1500 in gas credits when you import.

onboard.avocado.instadapp.io/

2/ To ensure a seamless experience, we're offering free gas credits to cover the transaction cost of importing positions, even for users without enough initial gas.

Additionally, we're airdropping extra gas based on your position value: help.avocado.instadapp.io/en/articles/7861229-avocado-import-event-faq

3/ Import positions seamlessly from both, EOA and DSA.

After importing your DSA position, connect your Avocado wallet to Instadapp Pro to get the same UI experience, while enjoying 0% fees on flash loan-powered strategies!