Question 1

What is POL used for on the ETH blockchain?

Accepted Answer

POL is used for governance, staking, and as a medium of exchange within decentralized applications on the ETH blockchain.

Question 2

Why is ETH on the ARB blockchain popular?

Accepted Answer

ETH on ARB is popular due to its scalability, low transaction fees, and its role in powering DeFi and smart contract platforms.

Question 3

Can I stake POL tokens?

Accepted Answer

Yes, POL tokens can be staked to earn rewards and participate in network governance.

Question 4

How does ETH on ARB differ from ETH on Ethereum?

Accepted Answer

ETH on ARB benefits from layer-2 scaling solutions, offering faster transactions and lower fees compared to the Ethereum mainnet.

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 POL (Ethereum) to ETH Arbitrum

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