Question 1

What is ARB used for?

Accepted Answer

ARB is primarily used for governance and transaction fee payments within its ecosystem, enhancing scalability and efficiency on the Ethereum blockchain.

Question 2

Why is RUNE valuable?

Accepted Answer

RUNE is valuable because it facilitates cross-chain liquidity and decentralized trading, enabling users to swap assets across different blockchains without intermediaries.

Question 3

Can I stake ARB or RUNE?

Accepted Answer

Yes, both ARB and RUNE can be staked; ARB for governance participation and RUNE for securing the THORChain network and earning rewards.

Question 4

How do I trade ARB for RUNE?

Accepted Answer

You can trade ARB for RUNE on decentralized exchanges or platforms that support cross-chain swaps, such as THORChain or other compatible DEXs.

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 ARB (Ethereum) to RUNE (Thorchain)

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Frequently Asked Questions