CMC BNB Boost pStake Finance Quiz Answers : Note : Recheck the | Free products loot deals offers

CMC BNB Boost pStake Finance Quiz Answers :
Note : Recheck the answers before submitting the quiz, these answers are just for the reference purpose only.
Question 1: After every epoch does the value of stkBNB decrease or increase against BNB?
Answer is : Increases
Question 2: Users unstaking BNB from pSTAKE will have to wait for how many days?
Answer is : 15 Days
Question 3: Which application provides the leverage yield farms for stkBNB?
Answer is : Alpaca Finance
Question 4: What is the protocol fee charged by pSTAKE for the first 90 days?
Answer is : 0%
Question 5: Which on-chain security analysis does pSTAKE use for stkBNB?
Answer is : Forta
Question 6: Find the “unique code” in the pStake Finance’s video and submit the “unique code” here.
Answer is : 012020

CMC BNB Boost Ankr Quiz Answers :
Question 1: How does liquid staking differ from staking?
Answer is : Liquid staking solves the capital inefficiencies of staking, because it unlocks the capital staked to be used in other protocols.
Question 2: What are the advantages of liquid staking tokens?
Answer is : All of the above
Question 3: Which networks does Ankr support for liquid staking?
Answer is : Ethereum, Polkadot, Fantom, BNB, Avalanche, Polygon, Kusama
Question 4: Find the “Unique Code” in Ankr’s video and submit the “Unique Code” here
Answer is : 080862

CMC BNB Boost Stader Quiz Answers :
Question 1: How many chains is Stader live on?
Answer is : 6
Question 2: Which of the following security measures are followed by Stader’s solution?
Answer is : All of the above
Question 3: How does BNBx increase in value?
Answer is : The exchange rate of BNBx with respect to BNB increases over time as staking rewards accumulate
Question 4: Which of the following are advantages of BNBx?
Answer is : All of the above
Question 5: How much time does it usually take to stake BNB with Stader?
Answer is : < 1 minute
Question 6: Please find the “Unique Code” in Stader’s video and submit the “Unique Code” here!
Answer is : 050822

CMC BNB Boost Wombat Quiz Answers :
Question 1: What is the vision of Wombat Exchange?
Answer is : Stableswap 2.0
Question 2: What are the competitive advantages of Wombat Exchange?
Answer is : All of the above
Question 3: What traditional finance concept does Wombat use to manage its liquidity
Answer is : Coverage Ratio
Question 4: What tokens are included in Wombat’s liquid staking pool?
Answer is : BNB, BNBx and stkBNB
Question 5: Please find the “Unique Code” in Wombat Exchange’s video and submit the “Unique Code” here!
Answer is : 300822

CMC BNB Boost Helio Quiz Answers :
Question 1: What is the Helio protocol?
Answer is : A decentralized and over-collateralized destablecoin solution capitalizing on the potential of liquid staking & yield-bearing assets.
Question 2: What is the Loan-To-Value ratio for borrowing $HAY?
Answer is : 66%
Question 3: What is a destablecoin?
Answer is : A decentralized digital asset backed by decentralized cryptocurrency as collateral and while non-volatile, can be subject to minor fluctuations
Question 4: Which of the following are advantages of BNBx?
Answer is : Providing $BNB in collateral, and borrowing/mint $HAY against it.
Question 5: How much time does it usually take to stake BNB with Stader?
Answer is : All of the above
Question 6: Please find the “Unique Code” in Stader’s video and submit the “Unique Code” here!
Answer is : 170822