Binance Liquid Swap Quiz Answers
You need to pass a quiz before you add in liquid pool on the Binance exchange and it is a mandatory quiz that needs to be given to proceed further. In this post, you get updated Binance Liquid Swap quiz answers.
Answers
Q1) ‘Liquid Swap’ is a product developed on which of the following design principles?
Answer: AMM (Automatic Market Maker)
Q2) Is ‘Liquid Swap’ a guaranteed investment?
Answer: No, a loss may incur
Q3) When you provide liquidity, which of the following views is incorrect?
Answer: Any token can be added
Q4) In the current BUSD / DAI pool, the pool price is 1 BUSD:1 DAI. If you trade 10,000 BUSD into DAI, the system prompts you that there will be a 3% slippage in this transaction. If the transaction is successful, you will lose due to slippage
Answer: ≈ 300 USD
Q5) When you add 100 BUSD to a BUSD / DAI liquidity pool (the current pool ratio is 4:6/ BUSD: DAI), what tokens will you hold (if transaction fee and slippage are not considered)
Answer: A portion portfolio, including 40 BUSD + 60 DAI, and the portion portfolio will change in real-time
Q6) When you remove your tokens back, which of the following views is incorrect
Answer: You can get the same amount of tokens you added
Q7) Which of the following may cause transaction fees
Answer: All of the above
Q8) In ‘Liquid Swap’ for providing liquidity, there are several situations that may cause losses
Answer: All of the above
Q9) ‘Liquid Swap’ is not a guaranteed investment, after providing the liquidity, the maximum loss you may incur is
Answer: More than 50%
Q10) Regarding the number of portions, the portion value, cost per portion, and unrealized profit and loss, which of the following is incorrect
Answer: The number of portions changes in real time, but the value of portions remains constant