Liquity is Live on Instadapp

We’re pleased to announce that Liquity is now live on Instadapp.

This integration brings new capabilities to Liquity and we can’t wait to see what the community will build. Soon after this blog post, I’ll be releasing a more detailed blog post covering how developers can take advantage of Instadapp’s SDK.

What is Instadapp?

Instadapp is a DeFi protocol which creates a smart contract (“DeFi Smart Account”) that can act on behalf of a user. This opens up novel ways for users to interact with various DeFi protocols. Interactions which might have taken five manual transactions across five different protocols, can instead be bundled up into one single transaction and executed from the user’s smart contract — greatly simplifying the process for the user and saving them a lot of gas and time.

When you combine the DeFi Smart Account with Instadapp’s automation framework powered by Gelato, you enable powerful features. For example, you could delegate Trove management to bots and have them protect your Trove when the Ether price is falling.

Instadapp is for both users and developers. Users can use their DeFi dashboard to easily manage and connect their DeFi positions while developers can use their frontend SDK to bring the Instadapp protocol into their own dapps.

Thinking of using Liquity?

If you’re an Instadapp user that’s considering using Liquity, you can now open a Trove and more through Instadapp’s frontend. With Instadapp you can take full advantage of what Liquity offers without leaving the comfort of your DeFi Smart Account.

Already a Liquity user?

If you’re already using Liquity, you now have the option to migrate your position to Instadapp if you choose. To do this you will need to close your Trove through your frontend of choice, then open a Trove via Instadapp’s frontend. This is a gas intensive process, but if you utilize Instadapp’s capabilities such as refinancing, leverage, automation, or combining Liquity contract calls, it could save you gas in the long run.

Reminder: This is entirely optional and not a recommendation, if you’re happy managing your Trove in your current frontend there’s no need to migrate.

Additional Resources

To learn more about Instadapp, here’s some resources to get you started:

If you’re looking to learn more about Liquity, start here:

Security

We tested the integration contracts against a fork of Ethereum mainnet to ensure they behave as expected. However, the contracts haven’t been audited. We recommend Instadapp include it in a future audit to ensure there are no vulnerabilities arising from the integration of Liquity. As with all audited and unaudited code in DeFi, there are risks, and you should assess them before interacting with any code.

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