Question 1

What is FDUSD?

Accepted Answer

FDUSD is a stablecoin on the Ethereum blockchain designed to maintain a stable value, making it suitable for trading and DeFi applications.

Question 2

Why trade SOL?

Accepted Answer

SOL is the native token of Solana, offering fast transactions, low fees, and a robust ecosystem for decentralized applications.

Question 3

How does FDUSD maintain its stability?

Accepted Answer

FDUSD maintains stability through collateralization and algorithmic mechanisms, ensuring its value remains pegged to a stable asset.

Question 4

What are the use cases for SOL?

Accepted Answer

SOL is used for transaction fees, staking, and powering decentralized applications on the Solana blockchain, making it versatile and highly functional.

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 FDUSD (Ethereum) to SOL (Solana)

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Frequently Asked Questions