Y Nation Daily Quiz Answers Today 11 November 2024
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Week 5. Today’s Lesson 1 — What is DeFi?
Q1: What are smart contracts?
A: Self-executing agreements on blockchain.
Q2: How users can earn a share of a DeFi service’s fees?
A: Provide liquidity to it.
Q3: What does “transparency” mean in DeFi?
A: The code and operation history is transparent so anyone can study them.
Q4: When did Ethereum introduce smart contracts?
A: 2015
Open YNation Bot: https://t.me/y_nation_bot/start?startapp=HJ3U6X
##YNation #YNationQuiz
Week 5. Today’s Lesson 1 — What is DeFi?
Q1: What are smart contracts?
A: Self-executing agreements on blockchain.
Q2: How users can earn a share of a DeFi service’s fees?
A: Provide liquidity to it.
Q3: What does “transparency” mean in DeFi?
A: The code and operation history is transparent so anyone can study them.
Q4: When did Ethereum introduce smart contracts?
A: 2015
