Question 1

What is AAVE used for?

Accepted Answer

AAVE is used for lending, borrowing, and earning interest on crypto assets within its decentralized finance ecosystem.

Question 2

What makes CACAO unique?

Accepted Answer

CACAO is unique for its role in powering decentralized exchanges and liquidity pools on the MAYA blockchain, with a focus on cross-chain interoperability.

Question 3

Can I trade AAVE for CACAO directly?

Accepted Answer

Yes, you can trade AAVE for CACAO on supported decentralized exchanges that list this trading pair.

Question 4

Is CACAO a gas token?

Accepted Answer

Yes, CACAO serves as the native gas token for the MAYA blockchain, facilitating transactions and powering its ecosystem.

Question 5

Do I need KYC to use Instaswap? How are transactions secured?

Accepted Answer

No, Instaswap does not require KYC (Know Your Customer) for any swap amount or pair. However, we employ an advanced KYT system powered by a trusted third-party partner. This system automatically checks wallet addresses involved in transactions, ensuring they haven’t previously been flagged for illicit activities, keeping your swaps safe, secure, and private.

Question 6

Is Instaswap decentralized? Does it support centralized (CEX) swaps?

Accepted Answer

Yes, Instaswap is fully decentralized (DEX), meaning all transactions occur directly on the blockchain without centralized intermediaries. We do NOT offer centralized exchange (CEX) swaps, and your funds always remain fully under your control through our non-custodial platform.

Swap AAVE (Ethereum) to CACAO (Mayachain)

Description

Frequently Asked Questions