Instadapp

Recently, Instadapp announced the launch of its new retail focused smart contract wallet Avocado, along with a statement that 10% of all gas fees paid by users would flow to the DAO treasury.

This suggestion was in line with a more general desire to provide the DAO treasury with funds and put it at the helm of the Instadapp ecosystem and operations. In the future, the DAO could use these funds to start funding community initiatives or even distribute dividends to $INST holders.

I am therefore suggesting to distribute all revenue streams generated by Instadapp products to the DAO treasury from here on onwards.

Today, this includes the Flash Loan Aggregator and Lite vaults and would also apply to any new protocols or products within the Instadapp ecosystem in the future.

If this vote passes the Instadapp team will start by transferring past revenue in the sum of $1.3m in $ETH, $WBTC and stablecoins from the FLA and Lite contracts to the DAO treasury.

The contract addresses for these products are as follows:

Flashloan aggregator: https://etherscan.io/address/0x619Ad2D02dBeE6ebA3CDbDA3F98430410e892882#code

New ETH vault: https://etherscan.io/address/0xa0d3707c569ff8c87fa923d3823ec5d81c98be78#code

Old ETH vault: https://etherscan.io/address/0xc383a3833a87009fd9597f8184979af5edfad019#code

USDC vault: https://etherscan.io/address/0xc8871267e07408b89aA5aEcc58AdCA5E574557F8#code

WBTC vault: https://etherscan.io/address/0xEC363faa5c4dd0e51f3D9B5d0101263760E7cdeB#code

DAI vault: https://etherscan.io/address/0x40a9d39aa50871Df092538c5999b107f34409061#code