Frequently Asked Questions
Below are some of the most common questions and answers.
ONDO is primarily used within decentralized finance (DeFi) applications on the Ethereum blockchain, enabling smart contracts, token swaps, and liquidity provision.
DOT is essential for Polkadot's cross-chain interoperability, enabling secure communication and data transfer between different blockchains, which is critical for Web3 development.
Yes, ONDO can be staked in various DeFi protocols on the Ethereum blockchain to earn rewards and participate in network governance.
DOT uses a Nominated Proof-of-Stake (NPoS) consensus mechanism, where validators and nominators work together to secure the network and validate transactions.
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.
