Aave community launches ARFC proposal to invest $4 million in INST tokens and establish partnership with Instadapp

Odaily News The official governance page shows that the Aave community has initiated the ARFC proposal to "establish a strategic partnership with Instadapp by investing in INST tokens." The proposal proposes that Aave DAO establish a strategic partnership with the multi-chain DeFi management protocol Instadapp by investing $4 million in INST tokens with $350 million FDV, and strengthen cooperation and coordination between the two protocols. Aave DAO will become the launch partner for Instadapp's new token economics and rebranding, and will also provide support and promotion for Instadapp products that utilize the Aave protocol, including GHO and Fluid integration, which will involve priority and customized Instadapp team integration support, including free flash loans to the Instadapp protocol. Aave DAO will allocate up to 1/3 of INST to support GHO trading pairs on Fluid through Merit, and the remaining tokens will be set with a one-year vesting period and delegated to the Aave Protocol Embassy.