Question 1

What is LDO used for?

Accepted Answer

LDO is used for governance in the Lido DAO, allowing holders to vote on protocol upgrades and staking strategies, while also enabling staking rewards.

Question 2

What makes CACAO unique?

Accepted Answer

CACAO is unique for its role in cross-chain swaps and liquidity provision, making it a key component of the MAYA blockchain's DeFi ecosystem.

Question 3

Can I stake Ethereum with LDO?

Accepted Answer

Yes, LDO is associated with Lido DAO, which allows users to stake Ethereum and earn rewards while maintaining liquidity.

Question 4

How does CACAO support DeFi?

Accepted Answer

CACAO supports DeFi by enabling cross-chain swaps, liquidity pools, and decentralized trading on the MAYA blockchain.

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 CACAO (Mayachain)

Description

Frequently Asked Questions