Frequently Asked Questions
Below are some of the most common questions and answers.
ENA is primarily used for governance and participation in decentralized finance (DeFi) protocols on the Ethereum blockchain.
ETH on the BASE blockchain provides faster transactions, lower fees, and seamless integration with decentralized applications.
No, ENA is not a stablecoin; it is a utility token designed for governance and DeFi applications.
Yes, ETH is the native gas token on the BASE blockchain, used to pay for transactions and smart contract executions.
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.
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.
