Blockchain Technology, DeFi and Celo
Quiz by HaloFi
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- Q1
What technology does DeFi use to offer financial services?
Artificial Intelligence
Cloud Computing
Quantum Computing
Blockchain Technology
30s - Q2
Which of the following is an example of a Decentralized Exchange (DEX)?
Uniswap
Chase Bank
PayPal
Western Union
30s - Q3
What do lending/borrowing platforms like Compound and Aave allow you to do?
Buy groceries online
Book travel tickets
Lend your crypto to others and earn interest
Watch movies and TV shows
30s - Q4
What are Real-World Assets (RWAs) in DeFi?
Digital collectibles like NFTs
Online gaming currencies
Virtual reality environments
Real-world items like property or art represented as tokens on the blockchain
30s - Q5
What is one major risk associated with DeFi?
Smart contract bugs
Low volatility
Stable regulatory environment
Smart contract bugs
Guaranteed high returns
30s