The official governance page shows that the Aave community has initiated an ARFC proposal "to establish a strategic partnership with Instadapp by investing in INST tokens."
Proposal Aave DAO establishes a strategic partnership with the multi-chain DeFi management protocol Instadapp by investing $4 million in INST tokens with a $350 million FDV, enhancing collaboration and coordination between the two protocols. Aave DAO will become the launch partner for Instadapp's new tokenomics and rebranding, and will provide support and promotion for Instadapp products utilizing the Aave protocol, including GHO and Fluid integration, which will involve priority and customized integration support from the Instadapp team, including providing 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, with the remaining tokens set to have a one-year vesting period, delegated to the Aave Protocol Embassy. #BTC
