Forwarded from Cyber Nexus AirDrops ๐ฒ (Nazrul Ansari)
$BTTC
Q: โLocked stakingโ refers to the process of locking your digital assets on a _ for a certain period of time.
A: Proof of Stake blockchain
Q: With Binance Locked Staking, redemption doesnโt require a certain unlocking period. True or false?
A: False
Q: What can you NOT do on Binance Earn?
A: Conduct leveraged trading to amply the returns
Q: Which of the following is a form of passive income?
A: Alice stakes her crypto holdings
Q: What can you do with Binance Earn?
A: Select different products to grow your crypto holdings
Q: What is NOT staking?
A: Generate returns by trading your coins
Q: Once you subscribe to the Locked Staking, interests will be calculated from the following day, and are distributed to your Spot Wallet every day. True or false?
A: True
Q: When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _.
A: Spot wallet
Q: Binance Locked Stakingโs locking period for different products is the same. True or false?
A: False
$BAND
Q: All of these concepts are related to Band Token EXCEPT forโฆ
A: Cash incentives
Q: Which sentence is INCORRECT?
A: Band Protocol leverages on-chain centralized oracles that link on-chain applications together.
Q: Which characteristics differentiate Band Protocol from other oracle services?
A: Decentralization, maximum customization and flexibility, easy scalability, economical cost, interoperability, and cross-chain
Q: Which ecosystem(s) has/have partnered with Band Protocol?
A: All are correct
Q: Which of the following IS NOT a use case of the BAND token?
A: To secure a discount when requesting data
Q: Which sentence is CORRECT?
A: BandChain's Delegated Proof of Stake design and BAND token create a decentralized network.
Q: What network is BandChain on?
A: Cosmos
Q: Which characteristic DOES NOT correctly describe BAND Protocol?
A: On-chain DeFi protocol
$UMA
Q: What makes the OO optimistic?
A: Proposed data will not require resolution unless it is disputed, and disputes are rare
Q: How many tokens did UMA transfer to its DAO in 2021?
A: 35 million tokens
Q: Who are the three actors in the OO system?
A: The contract requesting the data; the participant proposing the data; and the disputer
Q: Why is there a reward associated with voting correctly?
A: So there is an incentive to be correct
Q: Why does the OO include a human component?
A: Humans can provide any kind of knowable truth to a blockchain
Q: What are the phases in the UMA voting process?
A: Voting period; voting revealing period; reward collection period
Q: What is the DAO tooling organization that is a sister protocol to UMA and Across and is secured by the OO?
A: Outcome.Finance
Q: How long does it typically take for the OO, through its UMA token holders, to resolve a dispute?
A: 48 hours
Q: What is UMAโs native token?
A: UMA coin
Q: What is the cross chain bridge empowered by UMA and its OO?
A: Across
Q: โLocked stakingโ refers to the process of locking your digital assets on a _ for a certain period of time.
A: Proof of Stake blockchain
Q: With Binance Locked Staking, redemption doesnโt require a certain unlocking period. True or false?
A: False
Q: What can you NOT do on Binance Earn?
A: Conduct leveraged trading to amply the returns
Q: Which of the following is a form of passive income?
A: Alice stakes her crypto holdings
Q: What can you do with Binance Earn?
A: Select different products to grow your crypto holdings
Q: What is NOT staking?
A: Generate returns by trading your coins
Q: Once you subscribe to the Locked Staking, interests will be calculated from the following day, and are distributed to your Spot Wallet every day. True or false?
A: True
Q: When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _.
A: Spot wallet
Q: Binance Locked Stakingโs locking period for different products is the same. True or false?
A: False
$BAND
Q: All of these concepts are related to Band Token EXCEPT forโฆ
A: Cash incentives
Q: Which sentence is INCORRECT?
A: Band Protocol leverages on-chain centralized oracles that link on-chain applications together.
Q: Which characteristics differentiate Band Protocol from other oracle services?
A: Decentralization, maximum customization and flexibility, easy scalability, economical cost, interoperability, and cross-chain
Q: Which ecosystem(s) has/have partnered with Band Protocol?
A: All are correct
Q: Which of the following IS NOT a use case of the BAND token?
A: To secure a discount when requesting data
Q: Which sentence is CORRECT?
A: BandChain's Delegated Proof of Stake design and BAND token create a decentralized network.
Q: What network is BandChain on?
A: Cosmos
Q: Which characteristic DOES NOT correctly describe BAND Protocol?
A: On-chain DeFi protocol
$UMA
Q: What makes the OO optimistic?
A: Proposed data will not require resolution unless it is disputed, and disputes are rare
Q: How many tokens did UMA transfer to its DAO in 2021?
A: 35 million tokens
Q: Who are the three actors in the OO system?
A: The contract requesting the data; the participant proposing the data; and the disputer
Q: Why is there a reward associated with voting correctly?
A: So there is an incentive to be correct
Q: Why does the OO include a human component?
A: Humans can provide any kind of knowable truth to a blockchain
Q: What are the phases in the UMA voting process?
A: Voting period; voting revealing period; reward collection period
Q: What is the DAO tooling organization that is a sister protocol to UMA and Across and is secured by the OO?
A: Outcome.Finance
Q: How long does it typically take for the OO, through its UMA token holders, to resolve a dispute?
A: 48 hours
Q: What is UMAโs native token?
A: UMA coin
Q: What is the cross chain bridge empowered by UMA and its OO?
A: Across
Forwarded from ๐ผโ๐ฆโ๐ฑโ๐ฎโ๐บโ๐ฑโ [Never DM]
Binance BENQI Quiz Answers
Q1) Which of the following is part of BENQIโs suite of protocols?
Answer: All are correct
Q2) Which blockchain is BENQI deployed on?
Answer: Avalanche
Q3) What is the purpose of the QI token?
Answer: All are correct
Q4) Which asset does BENQI Liquid Staking support?
Answer: AVAX
Q5) Which of the following assets are listed on BENQI Liquidity Market?
Answer: All are correct
Q6) Users can seamlessly stake on BENQI Liquid Staking to both secure the network itโs on while having the freedom to use that capital within DeFi.
Answer: True
Q7) Which yield-bearing asset do users receive from BENQI Liquid Staking?
Answer: sAVAX
Q8) Are there any minimum requirements for staking on BENQI Liquid Staking?
Answer: No
Q9) What is the purpose of veQI?
Answer: Voting power for validators to receive additional staking delegations
Q10) Which of the following protocols is BENQIโs liquid staking asset integrated with?
Answer: All are correct
Q1) Which of the following is part of BENQIโs suite of protocols?
Answer: All are correct
Q2) Which blockchain is BENQI deployed on?
Answer: Avalanche
Q3) What is the purpose of the QI token?
Answer: All are correct
Q4) Which asset does BENQI Liquid Staking support?
Answer: AVAX
Q5) Which of the following assets are listed on BENQI Liquidity Market?
Answer: All are correct
Q6) Users can seamlessly stake on BENQI Liquid Staking to both secure the network itโs on while having the freedom to use that capital within DeFi.
Answer: True
Q7) Which yield-bearing asset do users receive from BENQI Liquid Staking?
Answer: sAVAX
Q8) Are there any minimum requirements for staking on BENQI Liquid Staking?
Answer: No
Q9) What is the purpose of veQI?
Answer: Voting power for validators to receive additional staking delegations
Q10) Which of the following protocols is BENQIโs liquid staking asset integrated with?
Answer: All are correct
Forwarded from ๐ผโ๐ฆโ๐ฑโ๐ฎโ๐บโ๐ฑโ [Never DM]
Binance LDO Quiz Answers
Q1) What problem is Lido trying to solve in PoS staking?
Answer: All are correct
Q2) What do users receive after staking their tokens on Lido?
Answer: Assets that represent their staked tokens on a 1:1 basis, e.g., stake ETH and get stETH tokens
Q3) Where do users deposit their PoS token on Lido?
Answer: The Lido staking pool smart contract
Q4) What can holders do with LDO?
Answer: Vote on decisions in the Lido DAO
Q5) Why does Lido operate as a DAO?
Answer: All are correct
Q6) What can users do with their stETH tokens?
Answer: All are correct
Q7) What is the name of the utility token on Lido?
Answer: LDO
Q8) In addition to Ethereum, which PoS blockchain does Lido support?
Answer: Polkadot
Q1) What problem is Lido trying to solve in PoS staking?
Answer: All are correct
Q2) What do users receive after staking their tokens on Lido?
Answer: Assets that represent their staked tokens on a 1:1 basis, e.g., stake ETH and get stETH tokens
Q3) Where do users deposit their PoS token on Lido?
Answer: The Lido staking pool smart contract
Q4) What can holders do with LDO?
Answer: Vote on decisions in the Lido DAO
Q5) Why does Lido operate as a DAO?
Answer: All are correct
Q6) What can users do with their stETH tokens?
Answer: All are correct
Q7) What is the name of the utility token on Lido?
Answer: LDO
Q8) In addition to Ethereum, which PoS blockchain does Lido support?
Answer: Polkadot
Forwarded from Real Earning News
Binance Learn & Earn Quiz Answers: TrueFi (TRU)
Give the following answers to the TrueFi (TRU) Learn & Earn Quiz
Answer 1. The worldโs most transparent and effective financial infrastructure to support the global credit market
Answer 2. All are correct
Answer 3. Collateralized lending
Answer 4. $2 billion
Answer 5. TRU
Answer 6. All are correct
Answer 7. All are correct
Answer 8. All are correct
Answer 9. Each pool and portfolio has its own lender selection criteria, set by the manager
Answer 10. All are correct
Answer 11. Optimism
Answer 12. Exit liquidity differs depending on the opportunity, based on specifications set by the manager
Answer 13. All are correct
Give the following answers to the TrueFi (TRU) Learn & Earn Quiz
Answer 1. The worldโs most transparent and effective financial infrastructure to support the global credit market
Answer 2. All are correct
Answer 3. Collateralized lending
Answer 4. $2 billion
Answer 5. TRU
Answer 6. All are correct
Answer 7. All are correct
Answer 8. All are correct
Answer 9. Each pool and portfolio has its own lender selection criteria, set by the manager
Answer 10. All are correct
Answer 11. Optimism
Answer 12. Exit liquidity differs depending on the opportunity, based on specifications set by the manager
Answer 13. All are correct
Forwarded from ๐ผโ๐ฆโ๐ฑโ๐ฎโ๐บโ๐ฑโ [Never DM]
Binance BENQI Quiz Answers
Q1) Which of the following is part of BENQIโs suite of protocols?
Answer: All are correct
Q2) Which blockchain is BENQI deployed on?
Answer: Avalanche
Q3) What is the purpose of the QI token?
Answer: All are correct
Q4) Which asset does BENQI Liquid Staking support?
Answer: AVAX
Q5) Which of the following assets are listed on BENQI Liquidity Market?
Answer: All are correct
Q6) Users can seamlessly stake on BENQI Liquid Staking to both secure the network itโs on while having the freedom to use that capital within DeFi.
Answer: True
Q7) Which yield-bearing asset do users receive from BENQI Liquid Staking?
Answer: sAVAX
Q8) Are there any minimum requirements for staking on BENQI Liquid Staking?
Answer: No
Q9) What is the purpose of veQI?
Answer: Voting power for validators to receive additional staking delegations
Q10) Which of the following protocols is BENQIโs liquid staking asset integrated with?
Answer: All are correct
Q1) Which of the following is part of BENQIโs suite of protocols?
Answer: All are correct
Q2) Which blockchain is BENQI deployed on?
Answer: Avalanche
Q3) What is the purpose of the QI token?
Answer: All are correct
Q4) Which asset does BENQI Liquid Staking support?
Answer: AVAX
Q5) Which of the following assets are listed on BENQI Liquidity Market?
Answer: All are correct
Q6) Users can seamlessly stake on BENQI Liquid Staking to both secure the network itโs on while having the freedom to use that capital within DeFi.
Answer: True
Q7) Which yield-bearing asset do users receive from BENQI Liquid Staking?
Answer: sAVAX
Q8) Are there any minimum requirements for staking on BENQI Liquid Staking?
Answer: No
Q9) What is the purpose of veQI?
Answer: Voting power for validators to receive additional staking delegations
Q10) Which of the following protocols is BENQIโs liquid staking asset integrated with?
Answer: All are correct
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