DeFi Quiz
Authored by Christian Iacobone
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University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Decentralized finance (DeFi) provides access to a range of financial products without relying on a central authority
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does decentralized finance involve?
Lending and borrowing assets to and from other users
Decentralized exchanges
Executing smart contracts
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Bitcoin blockchain is the foundation for the majority of decentralized finance
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The most popular use for decentralized applications (dApps) is...
Decentralized exchanges
Sending NFTs
Submitting applications to job and rental agencies
None of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
DEX stands for Deterministic Expansion
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an Automated Market Maker?
A protocol that automatically makes trades for a user
A system that ensures there is always enough liquidity to make trades
A code function that automatically lists new markets on an exchange
All of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A liquidity pool is a decentralized pool of digital assets that is used to provide trading liquidity
True
False
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