Online Exam

Certified DeFi Associate

Thank you for joining us for the Certified DeFi Associate workshop exam. We’re excited to see you apply what you’ve learned and take this important step in validating your skills and knowledge.

 

instructions:

Time Limit: You have 45 mins to complete​

Number of Questions: The exam consists of 25 MCQ-type questions​

Passing Criteria: A passing score of 65% is required to succeed.​

/25

Certified DeFi Associate

The number of attempts remaining is 3

Please enter your information below to start the exam.

1 / 25

From the list below, what is the limitation of smart contracts:

2 / 25

Gas price on Ethereum Blockchain is typically denoted in

3 / 25

Gas is used for all transactions on Ethereum.

4 / 25

Blockchain can be used for:

5 / 25

What is an example of a stable coin from the below list?

6 / 25

What does the acronym DeFi mean?

7 / 25

Ethereum is an open-sourced platform for decentralized applications.

8 / 25

Stablecoins mitigate the volatile nature of cryptocurrencies?

9 / 25

All DEXs (Decentralized Exchanges) require KYC (Know your customer)?

10 / 25

Below are some exchanges for buying and selling cryptocurrencies. Which one of the following is a Decentralized Exchange?

11 / 25

Which of the following is a disadvantage of dApp?

12 / 25

Which of the following is a feature of Dapps?

13 / 25

DEXs mostly use liquidity pools to provide trading pairs.

14 / 25

What does the acronym DApp mean?

15 / 25

Smart contracts are written in computer code and are self-executing in that they automatically perform the terms of the contract when predetermined conditions are met, relying on the blockchain network for execution.

16 / 25

Which of the following is a characteristic of blockchain technology?

17 / 25

What is a blockchain wallet?

18 / 25

Are Dapps Web3 applications or Web2 applications?

19 / 25

DAO stands for:

20 / 25

What is the risk of using DeFi from the following list?

21 / 25

Ether is cryptocurrency of Ripple blockchain?

22 / 25

Blockchains record the transfer and ensures the finality of the transaction?

23 / 25

Dapps are interfaces that interact with blockchain through the use of

24 / 25

DeFi promises a trustless future with access to finance.

25 / 25

Liquidation occurs when the value of the collateral provided is less than the borrowed funds.

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