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Q1): What is Kyber Network’s native token?
Answer is : KNC

Q2): What is KyberSwap?
Answer is : All are correct

Q3): Which blockchain is KyberSwap based on?
Answer is : Ethereum

Q4) : Users can use KyberSwap’s Discover feature to discover potentially trending tokens.
Answer is : True

Q5): What is KyberDAO?
Answer is : Kyber Network’s community governance platform

Q6): KyberSwap uses a ___ Market Maker protocol?
Answer is : Dynamic

Q7): Users can earn KNC by:
Answer is : All are correct.

Q8): The Amplification (AMP) factor is used to ___.
Answer is : Mimic higher levels of liquidity

Q9): KyberSwap Classic uses a ___ Market Maker protocol?
Answer is : Dynamic

Q10): What is the biggest difference between KyberSwap Elastic and KyberSwap Classic?
Answer is : Concentrated liquidity

Q11) : The main aim of concentrated liquidity is:
Answer is : Capital efficiency

Q12): How many fee tiers can liquidity providers choose from in KyberSwap Elastic?

Answer is : 5 tiers

Q13): Besides concentrated liquidity, what features set KyberSwap Elastic apart from its competitors?
Answer is : All of the above

Q14): Based on which of the following factors does KyberSwap Elastic distribute farming rewards?
Answer is : All of the above

Q15): If you’re a DeFi user who wants to customize your earning strategy and bring it to the next level, which KyberSwap version is better for you?
Answer is : KyberSwap Elastic

Knc new answers

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