We speak to Sowmay Jain (23) and Samyak Jain (21), brothers and co-founders of InstaDapp. They recount their journey — hacking together a product for the ETH India Hackathon in 2018 to building the Instadapp of today which has over $5B in locked value.
Follow them on Twitter:
- Sowmay - @sowmay
- Samyak - @smykjain
Share your thoughts with us:
- Tanmay: @thetanmay
- Akshay: @akshaybd
- Superteam: @SuperteamDAO
Timestamps:
- 0:00 - Introducing Samyak and Sowmay
- 0:51 - Why is InstaDaap needed?
- 1:53 - What is middleware?
- 4:57 - Opportunities for Fintech startups and DeFi
- 5:57 - How did they start?
- 8:17 - How are they different from traditional finance?
- 13:19 - Who trusts Instadapp with their money?
- 13:51 - What their parents think about their work
- 14:53 - How do investors react to Instadapp?
- 16:27 - Difference between building company v. protocol
- 20:32 - How can someone contribute to protocols?
- 24:46 - Their vision for Defi ecosystem
- 27:17 - Is the future multichain?
- 29:02 - Their views on Solana
- 30:49 - Recommendations to engineers
- 33:53 - How did they get into crypto?
- 35:44 - Instadapp team and hiring
- 37:55 - An exciting announcement
- 39:54 - Indian crypto ecosystem
- 41:32 - Wrapping up and outro
Disclaimer: The information contained herein is for informational and entertainment purposes only. Nothing herein shall be construed to be financial, legal or tax advice. Trading cryptocurrencies poses a considerable risk of loss and viewers are advised to do their own research before making any decisions.