What is the DeFi Ecosystem?
What is DeFi?
The concept of a financial ecosystem controlled by big businesses.
The concept of a financial ecosystem operating on a public network, accessible to anyone.
Which of these if NOT part of the Asset Tokenization Process?
Verification of ownership.
Peer-to-peer security protocol.
Transfer to blockchain-enabled platform.
Asset valuation finalization.
Which of these statements is false?
Compliance and identity solutions are needed to implement rules and regulations on the blockchain.
Standard BEP-20 tokens have built in compliance and identity solutions.
Compliance and Identity protocols enable the legal transfer of securities.
Decentralization needs safeguards to protect investors.
Staking is both mutually beneficial to both token holders and protocol operators.
True
False
Which of the following is NOT true about staking?
Token holders earn interest and rewards.
Staking provides liquidity to the DeFi protocol.
If tokens are staked on a decentralized exchange, liquidity providers earn a part of every transaction in addition to the rewards from LP tokens.
Staking has no risk of loss. Only reward.
Decentralized marketplaces allow users to:
Deal directly with each other, rather than a centralized third party.
Buy crypto and attach their bank account.
Trade futures contracts.
Access developer identity information.
Which of the following statements is NOT true about DeFi lending?
Users can enlist their crypto coins on the platform for lending purposes.
Borrowers can directly take a loan through the decentralized P2P lending platform.
Lenders can earn interest on their assets by providing crypto to lending platforms.
Users must identify themselves with the lending platform in order to borrow against their crypto.
DeFi offers an environment where there is no preferential treatment to individual users.
True
False
DeFi lending is regulated by banks.
True
False
In order to take out a crypto loan, users must provide collateral.
True
False
Which of the following in NOT a benefit of DeFi lending?
Transparency
Permissionless access
Government backed loans
Interoperability
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