Question 1

What is DAI?

Accepted Answer

DAI is a decentralized stablecoin backed by collateral and pegged to the US dollar, ensuring price stability.

Question 2

Why trade ETH on the ARB blockchain?

Accepted Answer

ETH on ARB offers faster transactions, lower fees, and seamless integration with decentralized applications.

Question 3

Is DAI secure?

Accepted Answer

Yes, DAI is secured by overcollateralized assets and operates on the Ethereum blockchain, ensuring transparency and reliability.

Question 4

What are the use cases for ETH on ARB?

Accepted Answer

ETH on ARB is used for DeFi, NFTs, gaming, and other dApps, leveraging its scalability and cost-efficiency.

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 DAI (Ethereum) to ETH Arbitrum

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