Question 1

What is ENA used for?

Accepted Answer

ENA is primarily used for governance and DeFi applications, enabling users to participate in decision-making and access financial services.

Question 2

Why trade ETH on the ARB blockchain?

Accepted Answer

ETH on the ARB blockchain benefits from lower fees and faster transactions, making it ideal for DeFi and smart contract interactions.

Question 3

Is ENA a stablecoin?

Accepted Answer

No, ENA is not a stablecoin; it is a utility token designed for governance and DeFi purposes.

Question 4

Can I use ETH on ARB for staking?

Accepted Answer

Yes, ETH on the ARB blockchain can be used for staking, providing opportunities to earn rewards while supporting network security.

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 ENA (Ethereum) to ETH Arbitrum

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Frequently Asked Questions