Notes

UMA Quiz Answers🎉

🛑SORU) What makes the 00 optimistic?

👉Proposed data will not require resolution unless it is disputed,
and disputes are rare

🛑SORU) How many tokens did UMA transfer to its DAO in 2021?

👉35 million tokens

🛑SORU) Who are the three actors in the 00 system?

👉The contract requesting the data; the participant proposing
the data; and the disputer

🛑SORU) Why is there a reward associated with voting correctly?

👉So there is an incentive to be correct

🛑SORU) Why does the 00 include a human component?

👉Humans can provide any kind of knowable truth to a
blockchain

🛑SORU) What are the phases in the UMA voting process?

👉Voting period; voting revealing period; reward collection period

🛑SORU) What is the DAO tooling organization that is a sister protocol to
UMA and Across and is secured by the 00?

👉Outcome.Finance

🛑SORU) How long does it typically take for the 00, through its UMA
token holders, to resolve a dispute?

👉48 hours

🛑SORU) What is UMA's native token?

👉UMA coin

🛑SORU) What is the cross chain bridge empowered by UMA and its 00?

👉Across


🎉BTTCQUlZAnswers🎉

🛑SORU) "Locked staking" refers to the process of locking your digital
assets on a _ for a certain period of time.

👉Proof of Stake blockchain

🛑SORU) With 8inance Locked Staking, redemption doesn't require a
certain unlocking period. True or false?

👉False

🛑SORU) What can you NOT do on 8inance Earn?

👉Conduct leveraged trading to amply the returns

🛑SORU) Which of the following is a form of passive income?

👉Alice stakes her crypto holdings

🛑SORU) What can you do with 8inance Earn?

👉Select different products to grow your crypto holdings

🛑SORU) What is NOT staking?

👉Generate returns by trading your coins

🛑SORU) Once you subscribe to the Locked Staking, interests will be
calculated from the following day, and are distributed to your Spot
Wallet every day. True or false?

👉True

🛑SORU) When the Locked Staking process is complete, the staked assets
will be redeemed automatically and returned to your _.

👉Spot wallet

🛑SORU) 8inance Locked Stakings locking period for different products is
the same. True or false?

👉False


🎉BAND Quiz Answers🎉

🛑SORU) All of these concepts are related to Band Token EXCEPT for...

👉Cash incentives

🛑SORU) Which sentence is INCORRECT?

👉Band Protocol leverages on-chain centralized oracles that link
on-chain applications together.

🛑SORU) Which characteristics differentiate Band Protocol from other
oracle services?

👉Decentralization, maximum customization and flexibility, easy
scalability, economical cost, interoperability, and cross-chain

🛑SORU) Which ecosystem(s) has/have partnered with Band Protocol?

👉All are correct

🛑SORU) Which of the following IS NOT a use case of the BAND token?

👉To secure a discount when requesting data

🛑SORU) What network is 8andChain on?

👉Cosmos

🛑SORU) Which characteristic DOES NOT correctly describe BAND
Protocol?

👉On-chain DeFi protocol