Question 1

What is PYTH used for?

Accepted Answer

PYTH provides real-time market data and decentralized oracle services, essential for DeFi applications and smart contracts.

Question 2

What makes CACAO unique?

Accepted Answer

CACAO facilitates cross-chain liquidity and decentralized trading, offering users efficient asset swaps and yield opportunities.

Question 3

Can I stake PYTH or CACAO?

Accepted Answer

Yes, both PYTH and CACAO support staking, allowing users to earn rewards while contributing to network security.

Question 4

How do I trade PYTH for CACAO?

Accepted Answer

You can trade PYTH for CACAO on supported decentralized exchanges that integrate the SOL and MAYA blockchains.

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 PYTH (Solana) to CACAO (Mayachain)

Description

Frequently Asked Questions