Question 1

What is the primary use case of WLD?

Accepted Answer

WLD is primarily used for governance and participation in decentralized finance protocols on the Ethereum blockchain.

Question 2

How does RUNE facilitate cross-chain transactions?

Accepted Answer

RUNE enables cross-chain liquidity by connecting different blockchain networks, allowing users to swap assets seamlessly across chains.

Question 3

Can I stake RUNE for rewards?

Accepted Answer

Yes, RUNE can be staked to secure the THORChain network and earn rewards for providing liquidity.

Question 4

Is WLD compatible with other Ethereum-based tokens?

Accepted Answer

Yes, WLD is fully compatible with other ERC-20 tokens, enabling integration with various DeFi platforms and wallets.

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 WLD (Ethereum) to RUNE (Thorchain)

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Frequently Asked Questions