CEX POWER TAP quiz answer 4 November 2024
Task: “From Law School to DeFi Icon: Stani Kulechov’s Story”
1. What does DeFi stand for?
– Decentralized Finance
2. What does “Aave” mean in Finnish?
– Ghost
3. What career did Stani leave behind for DeFi?
– Law
4. What field did Stani Kulechov disrupt with Aave?
– Traditional finance
5. What’s the lesson from Stani’s story?
– Sometimes innovation means trying something new
6. How does Aave differ from traditional banks?
– It allows users to control their assets directly
7. What kind of control does Aave give its users?
– Control over their own assets
8. What inspired Stani to start Aave?
– The potential of decentralized finance
9. Why did Stani choose the name “Aave”?
– To represent a quiet force in finance
10. What platform did Stani Kulechov create?
– Aave
11. What was Stani Kulechov originally studying?
– Law
12. What can you do on the Aave platform?
– Lend, borrow, and earn on crypto
Task: “The Truth About Crypto: Keeping Debunking Popular Myths”
1. How does the narrator compare crypto exchanges?
– Not all exchanges are created equal
2. What is the main topic of the video?
– Myths about cryptocurrency exchanges
3. What humorous analogy is used for saying all exchanges are alike?
– Like saying all pizza is the same
4. What analogy is used for updating cryptocurrencies?
– Like a software update for your phone
5. What does the narrator say about the crypto market and regulations?
– Many countries are regulating it
6. What humorous comparison is made regarding valuables?
– Keeping them in a secure vault
7. What does the narrator suggest about the chaos of the crypto market?
– It’s starting to get some structure
8. What is the ultimate message of the video?
– Stay informed and choose wisely
9. What example does the narrator give for a reliable exchange?
– CEX.IO
10. What does the narrator say about changes to cryptocurrencies?
– They can be updated and evolved
11. What is the narrator’s attitude towards the myths?
– Knowledge is important for understanding
12. How does the narrator describe the security of cryptocurrencies?
– Many use advanced security measures
Task: “From Law School to DeFi Icon: Stani Kulechov’s Story”
1. What does DeFi stand for?
– Decentralized Finance
2. What does “Aave” mean in Finnish?
– Ghost
3. What career did Stani leave behind for DeFi?
– Law
4. What field did Stani Kulechov disrupt with Aave?
– Traditional finance
5. What’s the lesson from Stani’s story?
– Sometimes innovation means trying something new
6. How does Aave differ from traditional banks?
– It allows users to control their assets directly
7. What kind of control does Aave give its users?
– Control over their own assets
8. What inspired Stani to start Aave?
– The potential of decentralized finance
9. Why did Stani choose the name “Aave”?
– To represent a quiet force in finance
10. What platform did Stani Kulechov create?
– Aave
11. What was Stani Kulechov originally studying?
– Law
12. What can you do on the Aave platform?
– Lend, borrow, and earn on crypto
Task: “The Truth About Crypto: Keeping Debunking Popular Myths”
1. How does the narrator compare crypto exchanges?
– Not all exchanges are created equal
2. What is the main topic of the video?
– Myths about cryptocurrency exchanges
3. What humorous analogy is used for saying all exchanges are alike?
– Like saying all pizza is the same
4. What analogy is used for updating cryptocurrencies?
– Like a software update for your phone
5. What does the narrator say about the crypto market and regulations?
– Many countries are regulating it
6. What humorous comparison is made regarding valuables?
– Keeping them in a secure vault
7. What does the narrator suggest about the chaos of the crypto market?
– It’s starting to get some structure
8. What is the ultimate message of the video?
– Stay informed and choose wisely
9. What example does the narrator give for a reliable exchange?
– CEX.IO
10. What does the narrator say about changes to cryptocurrencies?
– They can be updated and evolved
11. What is the narrator’s attitude towards the myths?
– Knowledge is important for understanding
12. How does the narrator describe the security of cryptocurrencies?
– Many use advanced security measures
