Defi learning

What is a defi?

• basic blockchains that provide the basic utilities of the network.

• is a decentralized finance technology that acts as an alternative to centralized institutions such as banks or stock exchanges.

• I don't know.

• are services that allow blockchain-based smart contracts to receive information from external sources.

Answer explanation

Defi (Decentralized Finance) is a term used to describe a new wave of financial applications and services that are built on top of blockchain technology. Defi applications are designed to provide users with access to financial services such as lending, borrowing, trading, and insurance without the need for a centralized intermediary. Defi applications are open source, permissionless, and trustless, meaning that users can interact with them without having to trust a third party.

How does DeFi work?

• Users interact with the DeFi through dApps (decentralized applications), which run on the blockchain. As a rule, most decentralized applications are built on the Ethereum blockchain using smart contracts.

• by phone number

• on the radio

• I don't know.

Answer explanation

How do I start investing in DeFi?

(write your answer)

Answer explanation

Any protocol requires a cryptocurrency wallet;

When choosing a protocol for investing, expertise and understanding of the current market situation is required, taking into account existing protocols in the market;

Investing and getting profit only in cryptocurrencies;

Cryptocurrency exchanges are used to convert protocol tokens and fix profits;

No contracts, brokers or managers are required to invest.

Draw how you imagine the defi

Total Value Locked (TVL)

• it is a blockchain

• I don't know.

• is the cumulative amount of funds blocked in the DeFi protocol

Answer explanation

Total Value Locked (TVL) is a metric used to measure the amount of value that is locked up in a decentralized finance (DeFi) protocol. It is calculated by taking the total value of all assets locked in the protocol and dividing it by the total supply of the asset. TVL is an important metric for DeFi protocols as it indicates the amount of capital that is being used to power the protocol and the amount of liquidity available for users. TVL can also be used to measure the success of a DeFi protocol, as a higher TVL indicates more users are participating in the protocol.

What is the TWL of the amulet protocol now?(write answer)

Did you buy the cover?

• Yes

• No