Samyak Jain (@samyak) • Hey

co-founder Instadapp

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Instadapp's Game-Changing DeFi Innovations: Part I | The Edge Podcast Samyak Jain is the CoFounder of Instadapp. In this episode of The Edge Podcast, we interview one of the earliest and most respected builders in DeFi. Sam and his brother Sowmay Jain have an epic story to tell going back to 2019, when they won an ETHGlobal hackathon building what is now known as Instadapp. Instadapp is a rich platform for both users and developers to leverage the full potential of DeFi. With Instadapp, you have access to the most powerful flashloan recipes allowing users to create leveraged positions and move them across the most popular DeFi protocols, in just a few clicks. Since 2018, Instadapp has been trusted with as much as $13B in value deposited at once in its smart contracts. Today, we discuss their latest innovation--Avocado, a smart contract wallet enabling what's known as network abstraction, gas abstraction, and account abstraction. Buckle up because this podcast is packed with new information that you won't find elsewhere, about the future of Instadapp and DeFi! ------ 🎙️ If you prefer a podcast player, subscribe and listen to The Edge Podcast here: https://podcasters.spotify.com/pod/show/edgepod THIS IS NOT A RECOMMENDATION OR ENDORSEMENT TO BUY ANY TOKEN OR NFT RELATED TO ANY PLATFORMS DISCUSSED. ------ 🌲 LINKTREE FOR THE EDGE PODCAST: https://linktr.ee/edge_pod 🔎 DISCOVER DEFI & WEB3 BLOG POSTS, PODCASTS, TUTORIALS: http://defidad.com/ ✅ FOLLOW DEFI DAD ON LENS: https://lenster.xyz/u/defidad ✅ FOLLOW NOMATIC ON TWITTER: https://twitter.com/Nomaticcap ✅ FOLLOW 4RC ON LENS: https://lenster.xyz/u/4rcapital ------ The Edge Podcast Sponsor Resources 🏗️ MANTLE | HIGH-PERFORMANCE ETHEREUM L2 WITH MODULAR DESIGN, LOW FEES, AND HIGH SECURITY https://linktr.ee/mantle.xyz ⚖️ KYBERSWAP | DECENTRALIZED EXCHANGE AGGREGATOR AND AMM https://kyberswap.com/?&utm_source=KOL&utm_medium=post&utm_campaign=defidad&utm_content=overview 📈 GTRADE | DECENTRALIZED LEVERAGE TRADING https://gains.trade/ ⛩️ UTOPIA | PAYROLL AND EXPENSE MANAGEMENT FOR DAOS https://www.utopialabs.com/ 🌊 STADER | MULTICHAIN LIQUID STAKING https://staderlabs.com/ 🚀 LIQUITY | UNSTOPPABLE ETH-BACKED STABLECOINS AND LEVERAGE https://www.liquity.org/ 🙋‍♀️ Interested to sponsor The Edge Podcast? Fill this out: https://hl6pu9d99u5.typeform.com/to/E3NY5Mqn ------ Topics Covered 00:00 - Intro 06:30 - Background on Sam 10:00 - Why share the spoils of DeFi 12:25 - Starting with Instadapp 14:20 - What is Avocado 16:00 - Fees on Instadapp 17:25 - Benefits of Avocado 26:50 - Impact of Avocado innovations 31:05 - Avocado Team (Avocado Multisig) 33:20 - Getting started with Avocado 34:05 - Value accrual to INST holders 38:00 - Demo of Avocado wallet 42:36 - Closing ------ Guest Links Samyak on Twitter https://twitter.com/smykjain Instadapp on Twitter https://twitter.com/Instadapp Learn about Avocado by Instadapp https://avocado.instadapp.io/ ------ 🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. Nomatic disclosed during the podcast that he was holding INST at the time of this recording. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research.
1/ Introducing Avocado Position Imports 🥑 Users can now easily import DeFi positions into the Avocado wallet on any supported chains, enjoying powerful Abstraction benefits while managing assets. Plus, get up to $1500 in gas credits when you import. https://onboard.avocado.instadapp.io/ 2/ To ensure a seamless experience, we're offering free gas credits to cover the transaction cost of importing positions, even for users without enough initial gas. Additionally, we're airdropping extra gas based on your position value: https://help.avocado.instadapp.io/en/articles/7861229-avocado-import-event-faq 3/ Import positions seamlessly from both, EOA and DSA. After importing your DSA position, connect your Avocado wallet to Instadapp Pro to get the same UI experience, while enjoying 0% fees on flash loan-powered strategies!
The Lens community is incredibly active! We've distributed a total of 583,500 USDC to 5,835 users on Avocado. To check your eligibility and claim your share, visit: https://avocado.instadapp.io/c/lens-drop
Me going through crypto cycles 🙂🙃
GM! 🌿 Leave a comment, a drop might be coming 👀
I'm now ambassador at Instadapp!🎉 My journey started just three months ago with a tweet, showcasing the incredible opportunities Web3 has to offer. 🌐 While exploring unique topics to write about, I found Instadapp on DefiLlama. It was among the top 10 dApps with $2B in total value locked. 💰 Why was no one talking about it?🔍 Samyak, the co-founder of Instadapp, shared their ambitious plans for the year, including Avocado 🥑, a tool simplifying the user experience for all web3 users, and an advanced DeFi protocol yet to be announced. 🚀 Instadapp's founders, Samyak and Sowmay, started the project as a hobby, breaking through traditional finance barriers. They were just 20 & 18 years old. 💪 Their goal is to make web3 and finance accessible to all, with a focus on non-custodial, safe, and secure crypto experiences. 🔒 I joined as an ambassador because of our shared values and mission for Web3. 🤝 The opportunities in this space are endless, regardless of age, background, or experience. My role will include contributing to the DAO, educating and building the community, and accelerating the adoption of Instadapp and Avocado. 🚀 Actually, one more reason why Instadapp resonated with me is the presence of Naval Ravikant among their investors. 📚 His book, 'Almanack,' inspired me to start writing in the first place!✍️
Web3 social media experience is already 10x simple then Web2. It's just people are not used to it yet. Web3: Do you own an Ethereum address? You are in. Web2: - Youtube: Setup your account - Twitter: Setup your account - Instagram: Setup your account - Whatsapp: Setup your account - Telegram: Setup your account - Snapchat: Setup your account - Reddit: Setup your account
I think it exist in the form of Vaults, like for example InstaDapp Lite https://lite.instadapp.io/ So they are kind of strategies that you could change. I would love to see more of these and some sort of standards actually on how these strategies are reviewed and audited from the risk perspective
GM the world of Lens!!
Yesterday Lens Protocol announced the CultivatorDAO (👩‍🌾,👨‍🌾) to establish community driven content curation for Trust & Safety. Going to share our vision below on how we see the web3 social stack evolve 🧵 First, Lens Protocol is a decentralized social media protocol that acts as a registry to point content and followers. Users can link to any content which can be stored on-chain & off-chain. Most of the content is off-chain (stored in IPFS or Arweave etc). The Protocol is flexible enough to link the content even to a private cloud or to a self-hosted environment. This is an interesting use case for follower and token gated content. It's up to the applications and users to choose how they use Lens Protocol. Lens Protocol design guarantees users the access to their own social network. You don't need to trust centralized or off-chain platforms with your followers. Meaning every user has their own social network. Not only you own your own network, but you also have the ability to broadcast content in a permissionless and censorship resistant way. Anyone you grant the access to your content has the ability to explore your creativity and self expression. This is decentralization by design. While decentralization is groundbreaking for web3 social, the amount of information and finding relevant peers and content for you to discover would be a time consuming mission. This reason is why we would see another stack evolve - the middleware - where curation lives. The middleware layer already exists on Lens Protocol, there are tools such as Graph Protocol, RSS3, Sepana and the Lens API. The middleware layer consists from widely decentralized appoaches to being progressively decentralized depending on the use cases they serve. The latest addition to the middleware are communities such as the CultivatorDAO, focusing on curation with Trust & Safety in mind. Where code cannot solve everything, we need communities to reflect their values and govern. The DAOs of the Lensverse will serve the application layer for various tasks ranging from building discovery algorithms, content moderation and solving various challenges that social media faces today. The key difference between the web2 and web3 social stack is that in web3, the stack is completely open. When you don't like a policy or an experience, as a user you should be able to find a new experience without leaving behind your accumulated social capital. Hopefully we will see small communities evolve across the web3 social ecosystem, being utilized for tasks that would benefit from community governance. I would even imagine that every social media application built on top of Lens Protocol would have its own DAO consisting of its community members voted by the community that reflects the their own values. Most importantly, these DAOs can operate transparently and since the measures taken by these DAOs are public, there should not be any shadow banning (see here: https://lenster.xyz/posts/0x05-0x0417). By ensuring human assessment and the design that leads to decentralization, we are able to ensure that web3 social doesn't become a closed platform and users are able to access to open social networks that are driven by community engagement & stewardship. Building a decentralized stack is a harder exercise than starting from a centralized approach, but brings the benefit of fully verified content linking on-chain wherever you store your content, ownership to your social graph, ability to use timestamps and create programmability. And most importantly: decentralized and on-chain content and follower registries opens up the programmability and composability to another level. Imagine pairing Lens with tools like Simo, Lit Protocol, DeFi, NFTs, ReFi and DAO governance. Besides reachitecturing the social stack, part of the mission for the Lens team is to make the social stack more accessible. Now with all interactions across the Lens Protocol, users do not need to sign or pay any gas. Blockchain on the backend, party on the frontend 🥳 Next Monday, you will be able to vote for CultivatorDAO with your Lens Profile to signal your support for community driven stewardship https://snapshot.org/#/cultivatordao.eth/proposal/0xd512345eb6c9b7bbf57b28a8b4f7dc46d31ab6c19ac8ad5de4605fa52fcb9e98 If you love our vision and what we are building, collect and mirror this post to retain your early user flexing rights 🌿
To whom got liquidated https://www.youtube.com/watch?v=QvZ7K_0_SiY