PANews November 28 news, the Aave community initiated the "Establishing a Strategic Partnership with Instadapp through Investment in INST Tokens" ARFC proposal. The proposal includes Aave DAO investing $4 million in INST tokens at a fully diluted valuation (FDV) of $350 million, to establish a strategic partnership with the multi-chain DeFi management protocol Instadapp, aiming to strengthen collaboration and coordination between the two protocols. Aave DAO will allocate up to 1/3 of the INST tokens to support GHO trading pairs on Fluid through Merit. The DAO will also provide support and promotion for Instadapp products that utilize the Aave protocol (including GHO and Fluid integration). The remaining tokens will have a one-year vesting period, authorized to the Aave Protocol Embassy.
