InstaDApp raises a $2.4 million seed round to help make lending on DeFi more accessible

Decentralized finance (DeFi) lending portal InstaDApp has raised $2.4 million in seed funding according to an announcement from the project's founders. The round was led by Pantera Capital, with participation from Naval Ravikant, Balaji Srinivasan, Coinbase Ventures, IDEO Colab, and Robot Ventures, among others. InstaDApp provides an end-user interface for multiple DeFi protocols - including Compound, MakerDAO, and Uniswap - as well as "bridge contracts" to improve the execution of complex cross-protocol transactions. As of this writing, InstaDApp has $31.6 million worth of assets locked in its smart contracts, which is the fourth most for all DeFi dapps according to DeFi Pulse.