Question 1

What is LDO used for?

Accepted Answer

LDO is the governance token for Lido DAO, allowing holders to vote on protocol upgrades and manage decentralized staking services.

Question 2

Why is ETH valuable?

Accepted Answer

ETH is valuable due to its role in powering the Ethereum network, enabling smart contracts, decentralized finance (DeFi), and serving as a foundational asset in the crypto market.

Question 3

Can I stake ETH using Lido?

Accepted Answer

Yes, Lido allows users to stake ETH and earn rewards while maintaining liquidity through staked ETH tokens (stETH).

Question 4

Is ETH a good investment?

Accepted Answer

ETH is considered a strong investment due to its widespread adoption, utility in decentralized applications, and its position as the second-largest cryptocurrency by market cap.

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 LDO (Ethereum) to ETH (Ethereum)

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Frequently Asked Questions