Frequently Asked Questions
Below are some of the most common questions and answers.
MKR is the governance token of MakerDAO, allowing holders to vote on protocol changes and manage the DAI stablecoin system.
ETH is valuable due to its role in powering Ethereum's smart contracts, decentralized applications, and its widespread adoption as a digital asset.
MKR itself is not staked, but it is used for governance in the MakerDAO ecosystem, where holders vote on critical protocol decisions.
ETH is used for transaction fees, deploying smart contracts, interacting with dApps, and as a store of value in the crypto market.
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.