Decentralized Finance (DeFi) 101 Quiz

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Decentralized Finance (DeFi) 101: a General level Cryptocurrency quiz. Test your knowledge with 10 questions!
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Questions

Question 1
What technology powers most DeFi applications?
A Physical vaults
B Paper ledgers
C Central servers
D Smart contracts
Question 2
Which blockchain is most famous for hosting DeFi apps?
A Bitcoin
B Dogecoin
C Ethereum
D Litecoin
Question 3
What is a 'DEX' in the context of DeFi?
A Data Encryption X
B Digital Expense Tracker
C Direct Entry Exchange
D Decentralized Exchange
Question 4
What do you need to interact with a DeFi protocol?
A Credit check
B Government ID
C Crypto wallet
D Bank account
Question 5
What is the main risk of using DeFi?
A Too much profit
B Low transaction speed
C Smart contract bugs
D Excessive regulation

📋 This quiz has 10 questions in total.

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