Question 1

What is RAY used for on the SOL blockchain?

Accepted Answer

RAY is used for staking, participating in liquidity pools, and governance within the decentralized finance ecosystem on the SOL blockchain.

Question 2

Why is DASH considered a privacy-focused cryptocurrency?

Accepted Answer

DASH uses advanced privacy features like PrivateSend to anonymize transactions, ensuring user financial privacy and security.

Question 3

Can I stake RAY to earn rewards?

Accepted Answer

Yes, RAY can be staked to earn rewards, providing users with passive income opportunities within the SOL ecosystem.

Question 4

What makes DASH suitable for everyday payments?

Accepted Answer

DASH offers fast transaction speeds and low fees, making it a practical choice for daily transactions and peer-to-peer payments.

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

Instaswap is a non-custodial DEX aggregator: swaps settle on-chain through decentralized liquidity protocols, and we do NOT offer centralized exchange (CEX) swaps, accounts or balances. Funds in transit move under predefined, non-discretionary rules, with your refund address fixed before you deposit.

Swap RAY (Solana) to DASH (Dash)

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Frequently Asked Questions