Skip to content

Quiz time

Quiz: Decentralized Finance (DeFi)

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

Quiz Thumbnail Image

Question 1

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

That's right!
Oops! Try again.

Question 2

What does decentralized finance involve?

That's right!
Oops! Try again.

Question 3

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

That's right!
Oops! Try again.

Question 4

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

That's right!
Oops! Try again.

Question 5

DEX stands for Deterministic Expansion

That's right!
Oops! Try again.

Question 6

What is an Automated Market Maker?

That's right!
Oops! Try again.

Question 7

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

That's right!
Oops! Try again.

Question 8

The main advantage of a decentralized exchange is...

That's right!
Oops! Try again.

Question 9

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

That's right!
Oops! Try again.

Question 10

Staking rewards are usually paid out in...

That's right!
Oops! Try again.

Please make sure you have answered all questions.

You passed

You got % correct!

Scroll up to see which questions you answered correctly/incorrectly.