Equalizer Brings Gas Efficient Flash Loans to Instadapp Users
Equalizer Finance, the first dedicated flash loan marketplace, will integrate with Instadapp to provide its users with the most cost efficient flash loans on the blockchains Equalizer is currently deployed on: Ethereum, BSC, Polygon, Optimism and soon to follow, Avalanche.
The integration comes after Equalizer has dropped flash loans fees to 0% for all vaults on all blockchains it is integrated with, which went into effect in late April. That being said, Equalizer will provide Instadapp users with the opportunity to make the most profitable flash loans transactions.
Instadapp is a decentralized application built on the Ethereum blockchain. The app acts as a bridge that connects various protocols on the decentralized web and integrates them into one platform for easy asset monitoring and management.
Since its launch in 2018, Instadapp has grown in popularity. The protocol currently has more than $4.6 billion in total value locked (TVL), and boasts more than 38,800 users. Moreover, the Dapp has expanded to support six blockchains, which include Ethereum, Polygon, Arbitrum, Avalanche, Optimism, and Fantom.
Instadapp is also the largest user of flash loans in the entire DeFi market, with a cumulative flash loan volume of more than $39 billion. The aggregator volume comes from popular DeFi projects such as 0x API, 1inch, Matcha, and Paraswap.
Julian Nita, Project Lead at Equalizer Finance, said, “As part of our development strategy we are building bridges between our core services and the core services of our partners. This will bring mutual benefits to both parties: generate sustainable usage for the Equalizer platform and bring the most efficient flash loan usage to the users of the Instadapp platform.”
Instadapp is a smart wallet for DeFi which allows users to seamlessly manage multiple DeFi applications to maximize returns across various protocols in a fraction of the time. The DeFi Smart Layer (DSL) and the InstaDapp protocol, which acts as a middleware, make it possible to aggregate multiple DeFi protocols into an upgradable smart layer.
Equalizer is the first dedicated flash loan marketplace built on top of a scalable infrastructure that can handle the rising demand of decentralized lending and borrowing and that can boost the trading volume of any listed asset. It offers top benefits over the popular do-it-all DeFi protocols and sets itself a class apart by offering lower fees, a virtually unlimited choice of token vaults, high liquidity through yield farming, and multi-chain capabilities.