Question 1

What is RUNE used for on the THOR blockchain?

Accepted Answer

RUNE is used to facilitate liquidity provision, cross-chain swaps, and governance within the THOR ecosystem.

Question 2

Why is ETH popular on the BASE blockchain?

Accepted Answer

ETH is popular due to its role in enabling smart contracts, decentralized finance (DeFi), and a wide range of dApps on the BASE blockchain.

Question 3

Can I stake RUNE for rewards?

Accepted Answer

Yes, RUNE can be staked in liquidity pools to earn rewards and participate in network governance.

Question 4

Is ETH used for gas fees on the BASE blockchain?

Accepted Answer

Yes, ETH is used to pay for gas fees when executing transactions and smart contracts on the BASE blockchain.

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 RUNE (Thorchain) to ETH Base

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Frequently Asked Questions