Binance Learn & Earn Quiz Answers | LDO, WOO, QI

18/10/2022
Binance BENQI Quiz Answers

Question 1: Which of the following is part of BENQI's suite of protocols?

Answer is: All are correct

Question 2: Which blockchain is BENQI deployed on?

Answer is: Avalanche

Question 3: What is the purpose of the QI token?

Answer is: All are correct

Question 4: Which asset does BENQI Liquid Staking support?

Answer is: AVAX

Question 5: Which of the following assets are listed on BENQI Liquidity Market?

Answer is: All are correct

Question 6: Users can seamlessly stake on BENQI Liquid Staking to both secure the network it's on while having the freedom to use that capital within DeFi.

Answer is: True

Question 7: Which yield-bearing asset do users receive from BENQI Liquid Staking?

Answer is: SAVAX

Question 8: Are there any minimum requirements for staking on BENQI Liquid Staking?

Answer is: No

Question 9: What is the purpose of veQI?

Answer is: Voting power for validators to receive additional staking delegations

Question 10: Which of the following protocols is BENQI's liquid staking asset integrated with?

Answer is: All are correct



Binance Lido Quiz Answers


Question 1: What problem is Lido trying to solve in PoS staking?


Answer is: All are correct


Question 2: What do users receive after staking their tokens on Lido?


Answer is: Assets that represent their staked tokens on a 1:1 basis, e.g., stake ETH and get stETH tokens


Question 3: Where do users deposit their POS token on Lido?


Answer is: The Lido staking pool smart contract


Question 4: What can holders do with LDO?


Answer is: Vote on decisions in the Lido DAO


Question 5: Why does Lido operate as a DAO?


Answer is: All are correct


Question 6: What can users do with their stETH tokens?


Answer is: All are correct


Question 7: What is the name of the utility token on Lido?


Answer is: LDO


Question 8: In addition to Ethereum, which POS blockchain does Lido support?


Answer is: Polkadot



Binance WOO Network Quiz Answers


Question 1: What share of WOO Network's revenue contributes to the monthly buyback and burn?


Answer is: 50%


Question 2: What is WOO Network's centralized exchange called?


Answer is: WOO X


Question 3: How much does Kronos Research trade each day?


Answer is: $1 billion +


Question 4: What network did WOOFI first launch on?


Answer is: BNB Chain


Question 5: Who benefits from WOO Network's services?


Answer is: All are correct


Question 6: WOO Network was selected as a judge in BNB Chain's Most Valuable Builder Program. True or false?


Answer is: False


Question 7: Who invested in WOO Network's Series A+ fundraising round in 2021?


Answer is: Binance Labs


Question 8: Which ecosystem(s) are partnered with WOO DAO?


Answer is: All are correct


Question 9: WOO Network was designed to address high fees and fragmented liquidity across crypto networks and applications. True


or false?


Answer is: True


Question 10: Who benefits from WOO Network's liquidity?


Answer is: All are correct


Question 11: WOOFI is an all-in-one dApp.


Answer is: True


Question 12: What is WOOFI's swap fee?


Answer is: 0.025%


Question 13: How quickly can WOOFI cross-chain swaps complete?


Answer is: 30 seconds


Question 14: Which of these are features of WOOFI Supercharger vaults?


Answer is: All are correct


Question 15: How many chains is WOOFI integrated with?


Answer is: 4


Question 16: WOOFI DEX has a customizable Ul and visible orderbook.


Answer is: True


Question 17: Which network is WOOFI DEX built upon?


Answer is: NEAR



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