Question 1

What is LDO used for?

Accepted Answer

LDO is the governance token for Lido DAO, allowing holders to participate in staking and vote on protocol upgrades and decisions.

Question 2

Why is SOL considered scalable?

Accepted Answer

SOL leverages Solana's high-throughput blockchain architecture, enabling fast and low-cost transactions, ideal for decentralized applications and high-frequency trading.

Question 3

Can I stake LDO directly?

Accepted Answer

LDO itself is not staked; it is used to govern the Lido DAO, which facilitates staking of Ethereum and other supported assets.

Question 4

What makes SOL a strong investment?

Accepted Answer

SOL's utility in powering the Solana ecosystem, combined with its growing adoption and developer activity, makes it a promising asset in the blockchain 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

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 SOL (Solana)

Description

Frequently Asked Questions