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https://galxe.com/MissionWeb3/campaign/GCMVvtUw5o
Quiz: DeFi Quiz
Quiz: Module 7 Quiz 1
Question 1: Who (What) replaces the role of banker in DeFi?
A. Miner
B. Smart contract
C. Lawyer
Question 2: What is the defining feature of smart contracts in DeFi?
A. They are written in natural language
B. They are self-executing and operate based on code
C. They can be modified by individual users
Question 3: In DeFi, what does the principle "code is law" mean?
A. Smart contracts can be easily changed by users.
B. Rules embedded in smart contracts are transparent, but can be altered.
C. Smart contracts are immutable, and their rules are enforced by the blockchain.
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Quiz: Module 7 Quiz 2
Question 1: What is one of the primary risks associated with smart contracts in DeFi?
A. They are completely immune to vulnerabilities
B. Bugs or malicious intent can lead to financial losses
C. Liquidity risks are the only concern
Question 2: What is yield farming in DeFi?
A. Farming for actual crops using blockchain technology
B. A method to avoid risks entirely
C. Providing liquidity to decentralized exchanges and earning rewards
Question 3: What key benefit does DeFi offer in terms of international transactions?
A. It imposes high fees for cross-border transactions
B. It facilitates cost-effective and swift cross-border transactions
C. It excludes individuals from regions with limited banking infrastructure
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