With this article, you can learn LDO Binance quiz answers. We explained everything you need to know about Binance Learn and Earn Lido Quiz.
The well-known cryptocurrency exchange Binance is renowned for its openness to new endeavors and the expansion of its product line. The exchange has recently introduced a number of cryptocurrency-earning products, two of which are the Binance Bitcoin Button and the Binance Wodl games. One of the oldest and most well-known quiz products on Binance, Learn and Earn, sometimes known as “learn,” provides users with a wide range of questions in exchange for cryptocurrency.
Check out Binance Crypto WODL answers
LDO Binance quiz answers: Binance Learn and Earn Lido Quiz
Followings are the answers of Binance Learn and Earn Lido Quiz.
What problem is Lido trying to solve in PoS staking?
Answer: All are correct
What do users receive after staking their tokens on Lido?
Answer: Assets that represent their staked tokens on a 1:1 basis, e.g., stake ETH and get stETH tokens
Where do users deposit their PoS token on Lido?
Answer: The Lido staking pool smart contract
What can holders do with LDO?
Answer: Vote on decisions in the Lido DAO
Why does Lido operate as a DAO?
Answer: All are correct
What can users do with their stETH tokens?
Answer: All are correct
What is the name of the utility token on Lido?
Answer: LDO
In addition to Ethereum, which PoS blockchain does Lido support?
Answer: Polkadot
What is Binance Learn And Earn Quiz?
Binance developed the Learn and Earn Program to assist its users in better comprehending cryptocurrency and blockchain technologies.
Users are urged to study articles and watch tutorial videos to learn more about cryptocurrencies. They will then use that knowledge to pass tests and earn cryptocurrency.
These have rewards that are time-sensitive and lose value over time. Both of the initial courses cost 50,000 SHIB ($500,000 USD) each.
How to answer Binance Learn and Earn Quiz?
You should follow the advice listed below if you want to enroll in the Binance Learn and Earn program and earn some extra cryptocurrency.
- Visit Binance’s website to find out more about earning and learning there.
- Before determining which crypto training alternatives to pursue, consider the various courses and tests available.
- Select the course, follow the instructions, and complete it in the allocated time.
- If you pass the test, you will be immediately eligible for the bitcoin rewards.
- To claim your award, click on Accounts > Rewards.
What is Lido (LDO)?
Lido (LDO) stands out as a secure and liquid staking solution for proof-of-stake (PoS) cryptocurrencies like Ethereum 2.0 among the growing number of Layer 1 PoS blockchains (The Merge). When PoS tokens are staked on Lido, a 1:1 tokenized clone of the staked asset is produced. They can use the tokenized form of their staked assets to gain yield from other DeFi protocols, and they will receive staking incentives from tokens placed on Lido.
Where to find learn and earn on Binance?
Enter your Binance account login information and go to the [Learn and Earn] main page. You’ll find a list of the courses that are offered along with the potential cryptocurrency prizes for each one. Rewards, however, are constrained and offered on a first-come, first-served basis.
What time does Binance Learn and Earn start?
Limited rewards are offered in each phase and are first-come, first-served. Phase 1: April 6, 2022, 03:00 UTC; Phase 2: April 6, 208:00 UTC; Phase 3: April 6, 02:00 UTC.
