$AAVE
The Aave community has released a proposal called “ARFC”, which involves Aave DAO establishing a strategic partnership with the multi-chain DeFi management protocol Instadapp by investing $4 million in INST tokens. The goal of this collaboration is to strengthen cooperation and coordination between the two protocols.
Aave DAO plans to make this investment at a fully diluted market value (FDV) of $350 million. This indicates that the Aave community is optimistic about the long-term value and cooperative potential of Instadapp. Aave DAO will allocate up to 1/3 of the INST tokens to support GHO trading pairs on Fluid through Merit. This will help enhance the liquidity and market depth of the GHO token. The DAO will also provide support and promotion for Instadapp products that utilize the Aave protocol (including GHO and Fluid integration). The remaining INST tokens will be set with a one-year vesting period, allocated to the Aave Protocol Embassy.
Through this collaboration, Aave aims to improve the efficiency and user experience of its protocol through Instadapp's technology and platform, while expanding its influence in the DeFi space.