Question 1

What is RAY used for on the SOL blockchain?

Accepted Answer

RAY is primarily used for DeFi applications, including liquidity provision, staking, and governance within the Solana ecosystem.

Question 2

Why is ATOM considered a key asset in the Cosmos network?

Accepted Answer

ATOM facilitates staking, governance, and cross-chain interoperability, making it essential for the Cosmos ecosystem's functionality and growth.

Question 3

Can I stake RAY or ATOM?

Accepted Answer

Yes, both RAY and ATOM can be staked to earn rewards, with RAY supporting DeFi staking on Solana and ATOM enabling staking for network security on GAIA.

Question 4

How do I trade RAY for ATOM?

Accepted Answer

You can trade RAY for ATOM on supported decentralized exchanges (DEXs) or centralized platforms that list this trading pair.

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 RAY (Solana) to ATOM (Cosmos)

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Frequently Asked Questions