How much do you know about DeFi?

How much do you know about DeFi?

1st Grade

10 Qs

quiz-placeholder

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How much do you know about DeFi?

How much do you know about DeFi?

Assessment

Quiz

Professional Development

1st Grade

Medium

Created by

Woonkly Labs

Used 8+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does the acronym DeFi stand for?

Delocalized Finance.

Decentralized Finance.

Diversified Finance.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

To interact with any DeFi it is essential ...

Register in the corresponding exchange.

Have a Wallet to store your assets (for example: Metamask).

Use a Hard Wallet (or cold wallet) as a Ledger connected to Metamask.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In a DeFi, when you swap one token for another ...

You are exchanging tokens through a liquidity pool.

You are buying the tokens from other users of the platform.

You have to wait for the pool orders to intersect with other orders.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

When you swap one token for another, you have to take into account the liquidity of both tokens, because if it is little ...

The platform won't let you buy.

You make an impact on the price but you buy at the same price as before the hit.

You make an impact on the price and buy it more expensive.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

When you do Swap and the platform throws an "error" because the price of the token is volatile and has changed, the most convenient thing is ...

Raise the Slippage little by little until it allows me to buy.

Raise the Slippage by 5%.

Try again in a few minutes.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What happens when you stake your tokens?

You receive a fixed return.

You get a variable return.

They will always be blocked for a period of time.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

To add liquidity to a pool you have to...

Contribute the same amount of one token as another.

Contribute the amount you want of each token.

Provide the same value (in dollars) of one token as another.

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