Frequently Asked Questions

Below are some of the most common questions and answers.

MKR is used for governance in the MakerDAO ecosystem, allowing holders to vote on protocol changes and manage the DAI stablecoin.

DOT facilitates cross-chain communication through Polkadot's relay chain and parachains, enabling seamless data and asset transfers across blockchains.

MKR can be staked in governance proposals, used to manage collateralized debt positions (CDPs), or traded on decentralized exchanges.

Staking DOT secures the Polkadot network, rewards participants with staking yields, and enables participation in on-chain governance decisions.

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.

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.

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