Entangle Protocol
Entangle Protocol Quiz
Test your knowledge about the Entangle Protocol and discover the innovative features of this decentralized finance project. This quiz is designed to help you learn while assessing your understanding of the protocol's fundamentals and its unique offerings.
- 10 engaging questions
- Various question formats including multiple-choice and checkboxes
- Learn from your wrong answers!
Instructions:
1) There will be 10 questions.
2) You will get your score at the end, out of 15.
3) Scores each quetion carries:
• MCQs carry 1 score.
• True/False carry 2 scores.
• Checkboxes carry 1 mark for each correct checkbox.
4) This quiz is to educate people about Entangle protocol so try to learn from your wrong answers.
What is the purpose of the entangle protocol?
Decentralized lending and borrowing
Yield farming and liquidity provision
Token swapping and trading
Staking and governance
All of the above
What is the native token of the entangle.fi?
$TGL
$NGL
$STAKE
$ENTGL
How does entangle.fi incentivize users to participate in its ecosystem?
Through yield farming and liquidity mining rewards
By offering zero transaction fees for all users
Through a referral program for attracting new users
By providing a decentralized exchange with the lowest slippage rates
How does entangle.fi differentiate itself from other DeFi protocols?
By offering cross-chain compatibility and interoperability
By providing advanced risk management tools for investors
By guaranteeing fixed interest rates for lending and borrowing
By focusing on social impact projects and charitable initiatives
How does Entangle use synthetic vaults?
It uses for Liquid Staking Derivatives
It uses for secure storage of cryptocurrencies
It uses for storing synthetic tokens on a blockchain
Mechanisms for generating synthetic assets using smart contracts
Which of the following Blockchains does Entangle Blockchain consists? (select any 3 options)
Application Layer
Modules Layer
Consensus Layer
Tendermint Core Layer
Entangle is distributing 45.60% of it's tokens to community/infrastructure.
True
False
$NGL Tokens can NOT be acquired by:
Staking as a Validator
Staking as a Delegator
Keeper Oracle Rewards
NFT holder on GALXE
On which Blockchain is Entangle Blockchain built?
Ethereum
Cosmos SDK
Bitcoin
Binance Smart Chain
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