The Instadapp platform is a full-featured platform for both users and developers to leverage the full potential of DeFi. The Instadapp protocol ('DSL') acts as the middleware that aggregates multiple DeFi protocols into one upgradeable smart contract layer. This structure allows Instadapp to access the full potential of Decentralized Finance.
The main functionalities of the DSL are account extensions and upgradability. The unique upgradability means that the upcoming and new extensions will be upgraded, maintained, and managed by INST governance. The DSL also includes a new operability layer that acts as an ‘Account Extension.’ These extensions allow the user to access new and unique functionality for their DSL account. These extensions and the evolution of the platform form a DeFi hub through which new use cases and extensions can be created, some examples of possible use cases include Flash Loan Module, Authority extension, L2 extension, etc.
INST is the governance token of Instadapp. Instadapp’s governance token INST fulfills the tenet of decentralization. The INST token will align incentives with users, developers, and businesses to provide stewardship of Instadapp's future. The INST tokenholders will determine the evolution and direction of the Instadapp platform.