Learn about PlasmaFinance and Check the Quiz answers! Let’s see who got full marks!
PlasmaFinance "Learn & Earn" Campaign will run from 2021.06.02 to 2021.06.11 (23:59:59 UTC). If you have not taken the lessons yet, please make sure to learn about PlasmaFinance to complete the quiz!
PlasmaFinance Learn & Earn Quiz
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PlasmaFinance Learn & Earn Questions & Answers
Question 1: PlasmaFinance is the one-stop-shop for all your DeFi needs. Which of the following can you do with PlasmaFinance?
a. Earn passive income from staking and other DeFi activitiesb. Access real-time market data and advanced analyticsc. Invest in the platform and earn a share of revenued. All of the above
Answer 1: d. All of the above
Question 2 (Lesson 2): Modern decentralized exchanges (DEXs) use an automated protocol whereby independent users can add their crypto assets to a common pool and earn a portion of all fees generated when others swap assets using this pool. PlasmaFinance lets users view all of these pools across all major DEXs so they can choose the most profitable ones. What is this passive income-earning DeFi activity commonly called?
a. Asset Lockingb. Liquidity Poolingc. Liquidity Miningd. Yield Farming
Answer 2: c. Liquidity Mining
Question 3 (Lesson 1): PlasmaFinance promotes the use of transparent, real-time on-chain market data to provide DeFi users with an unrivalled level of assurance. Which of these statements are NOT true about PlasmaFinance?
a. You can connect to the most popular DeFi protocols like Uniswap and SushiSwap as well as specific Token Page information, to view, analyze and use them all in one dashboard.b. You have to be careful about fake data, manipulated statistics and bot numbers when using PlasmaFinance, just as you would on centralized data sources.c. You can filter your Market data by all kinds of categories, such as by network, by IDO, or by trending.d. You can access advanced analytics on Liquidity Pools to find the most profitable ones, filtering by Trading volume, pool size, APY and more.
Answer 3: b. Explanation: Because PlasmaFinance only uses real time decentralized data sources like smart contract oracles, data is verifiable on-chain and cannot be tampered with or manipulated, unlike on sources using centralized data sources.
Question 4 (Lesson 3): When providing liquidity on DEXs, DeFi users must provide liquidity in a pair of assets. Retrieving and moving this liquidity from one liquidity pool to another involves at least 4 separate transactions. How many transactions do you need to perform on PlasmaFinance using the Flash Rebalancer tool?
a. 4b. 3c. 2d. 1
Answer 4: d. 1. Explanation: The Flash Rebalancer can be used to migrate liquidity across any pool across any supported protocol using only 1 transaction, saving you time and cost and allowing you more advanced Liquidity Mining strategies.
Question 5 (Lesson 1): Which of the following is a unique feature of PlasmaSwap, which most DEXs are unable to offer to their users?
a. Trade with Limit Ordersb. Buy crypto with fiatc. Connect multiple walletsd. All of the above
Answer 5: d. All of the above. Explanation: Most DEXs don’t have limit orders, do not have a fiat on/off ramp through PlasmaPay, and can only connect 1 wallet at a time.
Question 6 (Lesson 2): What is the abbreviation of PlasmaFinance’s native token?
a. PLASMAb. PFPc. PPAYd. PPP
Answer: c. PPAY
These are the Quiz questions and answers! I hope CoinMarketCaptains will have a better understanding of PlasmaFinance!
If you still have any questions, please visit the PlasmaFinance community and feel free to ask!