How much do you know about DeFi?

What does the acronym DeFi stand for?

• Delocalized Finance.

• Decentralized Finance.

• Diversified Finance.

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.

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.

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.

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.

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.

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.

When liquidity is added, the user obtains a profit by doing Farm and ...

• Thanks to this profit you will always win something, despite the Impermanent Loss.

• You could have losses for what is known as Impermanent Loss.

• You could have momentary losses due to the Impermanent Loss, but by disarming the pool that impermanent loss is eliminated.

By adding liquidity, some LP (Liquidity Provider) tokens are received that are used to make Farm. To disarm the LP token and recover the tokens you have to ...

• Swap the LP’s for your tokens.

• When you withdraw them from the Farm, your tokens arrive at the wallet.

• Go to the Liquidity section and remove (or undo) the liquidity.

If you add liquidity to the WOOP / BNB pair you have to add X amount of WOOP and X amount of BNB. If during the week that you are doing Farm, there is much more demand for WOOP and people are exchanging BNB for WOOP in said pool, when you go to withdraw your liquidity you will receive ...

• More WOOP and less BNB.

• The same amount of WOOP and BNB.

• Less WOOP and more BNB.