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Quiz: Decentralized Finance (DeFi)

Decentralized Finance (DeFi) is an emerging application of blockchain technology. Test your knowledge of DeFi with this Swyftx Learn quiz.

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To complete this quiz you will need to get a score of 70% or higher. You can take this quiz as many times as you'd like to try and improve your score.

Question 1

Decentralized finance (DeFi) provides access to a range of financial products without relying on a central authority.

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Question 2

What does decentralized finance involve?

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Question 3

The Bitcoin blockchain is the foundation for the majority of decentralized finance.

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Question 4

The most popular use for decentralized applications (dApps) is...

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Question 5

DEX stands for Deterministic Expansion

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Question 6

What is an Automated Market Maker?

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Question 7

A liquidity pool is a decentralized pool of digital assets that is used to provide trading liquidity

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Question 8

The main advantage of a decentralized exchange is...

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Question 9

Staking is a way to earn rewards through locking up cryptocurrency to secure a blockchain network

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Question 10

Staking rewards are usually paid out in...

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