Newsletter #10— USD +1 million worth ETH locked.
Latest updates and good news!
We aim to keep our users well updated with what’s happening at InstaDApp. This covers the latest updates and good news!
1) Current Market Share.
~380,000 DAI has been lent via InstaDApp with USD +1 million worth ETH kept as collateral till date. We share a tiny fraction of 0.5% of overall market share in MakerDAO Protocol (Tweet). We are aiming for +5% overall market share by the 2019 year end.
2) Featured DApp.
InstaDApp is listed as featured DApp on Coinbase Wallet (Tweet) & TrustWallet (Tweet)! We made it up to the DApp list. We’re constantly looking to integrate InstaDApp with more Wallets, in order for you to have simplified banking experience, right from your mobile.
3) ETHGlobal Mention.
InstaDApp is one of the first ETHGlobal hackathon project launched on Mainnet with good community visibility as well as bringing real utility to users in Open Finance (Tweet).
4) Biggest InstaDApp CDP.
One of the biggest CDP on InstaDApp (CDP #14576) and one of the biggest Swap on AirSwap happened simultaneously by the same ethereum address. Such a historical moment (Tweet). Amazing to see how different protocols are being used altogether, abstracting complexities we face in traditional finance.
5) Banking Protocol.
Recently, we shared our plans with InstaDApp as the core banking model (Article) and publishing initial details on “Giant CDP” to utilize idle ETH locked (Article) in MakerDAO Protocol to generate cashflows by stacking in different protocols.
Here’s a quick Twitter thread to give you a quick idea on how to borrow loans on InstaDApp easily (Thread). We are committed to educating everyone about the blockchain space and growing the DEFI ecosystem as we proceed, soon launching a dedicated education hub for the same.
MakerDAO is a decentralized “central bank” and we are fulfilling the need of establishing a “commercial banks” around it, providing banking services on blockchain while complying with all the regulatory requirements for mass adoption.
Suggestions and feedback are forever welcome!