Build a Super Advanced Trading Bot on DYDX Hosted on AWS with Python - MetaMask Setup

Build a Super Advanced Trading Bot on DYDX Hosted on AWS with Python - MetaMask Setup

Assessment

Interactive Video

Information Technology (IT), Architecture, Business

University

Hard

Created by

Quizizz Content

FREE Resource

This video tutorial guides users through installing Metamask on Google Chrome, setting it up for test networks, and obtaining test Ethereum using a faucet. It also covers using test USDC for bot development with dydx, highlighting the importance of Metamask in coding and programming. The tutorial emphasizes the use of test networks and programmatic transaction approvals for automated bot operations.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it recommended to use Google Chrome for Metamask installation?

Chrome is the only browser that supports Metamask.

Chrome is faster than other browsers.

Chrome provides better security features.

The tutorial involves coding on desktops, which is best supported by Chrome.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step to access test networks in Metamask?

Install a separate extension for test networks.

Switch from mainnet to test networks in settings.

Download a test network app.

Create a new Metamask account.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can you obtain test Ethereum on the Girly network?

Purchase it from an exchange.

Use a Girly faucet to airdrop test Ethereum.

Mine it using a test miner.

Request it from a friend.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary use of test USDC in the context of this tutorial?

For learning how to mine cryptocurrencies.

For trading on the mainnet.

For bot building with dydx.

For purchasing real Ethereum.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the advantage of exporting your private key from Metamask?

It provides access to additional Metamask features.

It enables programmatic transaction management without manual approval.

It increases the security of your Metamask account.

It allows you to use Metamask on multiple devices simultaneously.