Question 1

What is PYUSD?

Accepted Answer

PYUSD is a stablecoin on the Ethereum blockchain, designed to maintain a 1:1 peg with the US dollar, providing stability and utility in DeFi applications.

Question 2

What is RUNE used for?

Accepted Answer

RUNE is the native token of THORChain, used for governance, staking, and facilitating cross-chain liquidity and decentralized trading.

Question 3

Why trade PYUSD for RUNE?

Accepted Answer

Trading PYUSD for RUNE allows users to access THORChain's cross-chain liquidity while leveraging the stability of a USD-pegged asset.

Question 4

Is RUNE a good investment?

Accepted Answer

RUNE's value is tied to the growth of THORChain's ecosystem, making it a potential investment for those interested in decentralized cross-chain solutions.

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 PYUSD (Ethereum) to RUNE (Thorchain)

Description

Frequently Asked Questions