How does InstaFi work?
What is this magic you speak of ser?
InstaFi works by connecting CeFi and DeFi transaction providers in 1 place.
Wallets to sign & approve decentralized transactions
Centralized exchanges for fiat transactions & cross chain swaps
DEXs for on chain swaps
Multi-chain bridges for cross-chain swaps
DeFi protocols for 1 click liquidity provision, lending or staking
Transactions that would have taken multiple steps across each of these services - can now happen in just 1 step with InstaFi. The smart router finds the cheapest path across DeFi and CeFi options - and completes the intermediary steps programmatically on the user's behalf, by interacting with APIs and smart contracts of underlying transaction providers. Take the simple transaction of using US dollars to invest in a Uniswap Liquidity Pool Today that process looks like this:
Buy USDC on centralized exchange
Send USDC to wallet
Swap USDC for Token 1
Swap USDC for Token 2
Add Liquidity
What about a basic cross chain swap?
Swap Token 1 to Bridge Currency
Use Bridge
Swap Bridge Currency for Token 2
What about moving from a BSC liquidity pool to a ETH liquidity pool?
Remove Liquidity
Swap Token 1 to USDC
Swap Token 2 to USDC
Use Bridge to move from BSC to ETH
Swap USDC for Token 1
Swap USDC for Token 2
Provide Liquidity
With InstaFi - all of these transactions can happen in 1 step for the user.
Last updated