Question 1

What is LDO used for?

Accepted Answer

LDO is the governance token for Lido DAO, allowing holders to participate in decision-making and manage the protocol's liquid staking services.

Question 2

Why is DOT important in the blockchain ecosystem?

Accepted Answer

DOT facilitates cross-chain interoperability, enabling different blockchains to communicate and share data, which is essential for building a scalable and interconnected Web3 infrastructure.

Question 3

Can I stake Ethereum using LDO?

Accepted Answer

Yes, Lido DAO, powered by LDO, allows users to stake Ethereum and other assets while maintaining liquidity through staked tokens.

Question 4

What makes DOT unique compared to other tokens?

Accepted Answer

DOT's unique value lies in its ability to connect multiple blockchains, enabling shared security and scalability, which sets it apart as a key player in the blockchain interoperability space.

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

Instaswap is a non-custodial DEX aggregator: swaps settle on-chain through decentralized liquidity protocols, and we do NOT offer centralized exchange (CEX) swaps, accounts or balances. Funds in transit move under predefined, non-discretionary rules, with your refund address fixed before you deposit.

Swap LDO (Ethereum) to DOT (Polkadot)

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Frequently Asked Questions