Integrations & Utilities.

Its been a while and we sure have some catching up to do!

Steven Zapata
Jun 19 · 5 min read

Integrations & More Utility.

InstaDapp v1 integrated with MakerDAO CDP & Kyber Network liquidity with its smooth order matching to provide quick convenient on chain swaps. Our v2 includes some additional functions, we have added the ability to participate in decentralized liquidity pools by integrating Uniswap, borrow cryptos on Compound Finance and utilize Kybers liquidity for leveraging your MakerDAO’s CDP.

Borrow & Lend on Compound.

Compound Finance is an open-source protocol for algorithmic, efficient Money Markets on the Ethereum blockchain. On Compound you can lend/borrow your cryptos and earn/pay interest. Last week we launched our revamped Dashboard which includes integration with Compound. It allows you to manage your Compound’s lending and borrowing. In the simplest way possible. Bop it, Twist it, and tell us how you like it.

Manage Uniswap Pools.

Uniswap is decentralized on chain protocol for token transfers that also allows anyone to provide liquidity. Here is a brief description of Uniswap: Uniswap utilizes liquidity reserves in a pooled structure; to provide liquidity to Uniswap, you deposit your ERC20 token as well as an equivalent value in ETH. You then receive a portion of the liquidity pool which grows through small fees (0.3%) that are incurred when traders trade from your liquidity pool. We seriously encourage you to read more about Uniswap. Users can now easily manage their liquidity pools on InstaDApp.

InstaDApp Uniswap Portal

Manage CDP.

Let's explain this from a bottom-up approach, and for simplicity let’s just ignore the upcoming Multi-Collateral DAI. The principals are the same in Multi-Collateral DAI except that there would be other assets backing DAI besides Ethereum.

InstaDApp MakerDAO Portal
Re-balance your CDP at any time (credit)

As you owe DAI against your Ether, your CDP incurs an interest-type fee that MakerDAO calls a ‘stability fee.’ The stability fee is voted on by the holders of MKR.

With your freshly minted DAI, you can use it for whatever you like, without having to sell your Ethereum, refinance a personal loan against your Ether, or you could take that DAI — swap it for some more Ether. That’s where Loop / Save comes into action.

Loop and Save CDP.

You could swap your DAI for Ether, and then add it to your existing CDP increasing its collateral, which would allow you to draw more DAI thus create leverage. This is also called ‘longing’ because you are betting on the long term growth of the underlying asset, ETH.

Leverage / Save your CDP
You lock ETH here, you pull out DAI, and then you shake it all around (credit)

What’s Next?

With the rise in Maker’s stability fees, we’ve seen CDP users shifting to different lending protocols like Compound, Nuo, dydx, Dharma, etc. This showed us how the change in one good DeFi protocol can affect every other protocol.


Decentralized Banking.

Thanks to Sowmay Jain and Vishva Dave.

Steven Zapata

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Decentralized Banking.