DeFi (Decentralized Finance) MCQs

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1. : What does DeFi stand for in cryptocurrency?





2. : Which blockchain is most commonly associated with DeFi applications?





3. : What is the main feature of DeFi?





4. : Which protocol is widely known for decentralized lending and borrowing?





5. : What type of tokens are commonly used in DeFi for governance?





6. : Uniswap is an example of a:





7. : Liquidity providers earn rewards in DeFi by:





8. : What is “Yield Farming”?





9. : MakerDAO is best known for creating which stablecoin?





10. : What is a “DEX”?





11. : Which risk is most associated with DeFi smart contracts?





12. : Which DeFi protocol allows users to swap tokens without intermediaries?





13. : In DeFi, “staking” typically means:





14. : What is “Total Value Locked (TVL)” in DeFi?





15. : Aave is primarily used for:





16. : Curve Finance specializes in:





17. : What does “impermanent loss” refer to in DeFi?





18. : Yearn Finance focuses on:





19. : What is SushiSwap?





20. : What is the main role of an Automated Market Maker (AMM)?





21. : Which of these is a governance token for Compound?





22. : Which of the following is NOT a DeFi project?





23. : Which DeFi concept enables loans without collateral?





24. : Which blockchain feature makes DeFi possible?





25. : What is Compound primarily used for?





26. : Which stablecoin is algorithmic in nature?





27. : Balancer is known for:





28. : DeFi aims to eliminate:





29. : Synthetix allows users to:





30. : What is a DAO in DeFi?





31. : What type of DeFi protocol is Aave?





32. : PancakeSwap runs mainly on which blockchain?





33. : What is the native token of Uniswap?





34. : What is “liquidity mining”?





35. : Which of these is a lending protocol?





36. : Which DeFi platform uses “CRV” token?





37. : Which factor influences APY in DeFi lending?





38. : What is the governance token of Aave?





39. : What’s the biggest risk in Flash Loans?





40. : Which of the following is a multi-chain DeFi platform?





41. : What is collateral in DeFi lending?





42. : What is “gas fee” in DeFi transactions?





43. : Which DeFi project uses “SNX” as its token?





44. : Which type of DeFi platform is Uniswap?





45. : What is the benefit of DeFi over traditional finance?





46. : What is the role of oracles in DeFi?





47. : What is “rug pull” in DeFi?





48. : Which of the following is a DeFi lending aggregator?





49. : What is the native token of SushiSwap?





50. : Which term describes decentralized insurance in DeFi?





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