PANews reported on November 28 that the Aave community initiated the ARFC proposal to "Establish a strategic partnership with Instadapp by investing in INST tokens." The proposal includes Aave DAO establishing a strategic partnership with the multi-chain DeFi management protocol Instadapp by investing $4 million in INST tokens at a fully diluted valuation (FDV) of $350 million, aiming to strengthen cooperation and coordination between the two protocols. Aave DAO will allocate up to 1/3 of INST tokens to support the GHO trading pair on Fluid through Merit. DAO will also provide support and promotion for Instadapp products that utilize the Aave protocol (including GHO and Fluid integration). The remaining tokens will be set with a one-year vesting period and authorized to the Aave Protocol Embassy.
Aave community launches ARFC proposal to establish strategic partnership with Instadapp by investing in INST tokens
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