Aave Community Releases ARFC Proposal to "Establish a Strategic Partnership with Instadapp by Investing in INST Tokens"
On November 25, the Aave community released an ARFC proposal to "establish a strategic partnership with Instadapp by investing in INST tokens." The proposal includes Aave DAO establishing a strategic partnership with Instadapp, a multi-chain DeFi management agreement, by investing US$4 million in INST tokens with a US$350 million FDV, aiming to strengthen cooperation and coordination between the two agreements. Aave DAO will allocate up to 1/3 of the INST tokens to support GHO trading pairs on Fluid through Merit. The DAO will also provide support and promotion for Instadapp products that leverage the Aave protocol, including GHO and Fluid integrations. The remaining tokens will have a one-year vesting period and will be licensed to Aave ProtocolEmbassy.
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