CakeDefi DeFiChain Quiz Answers

CakeDefi DeFiChain Quiz Answers

CakeDefi DeFiChain Quiz Answers: Participate in CakeDefi learn & earn quiz campaign and win assured $5 worth DFI tokens for free.

To participate, you must have your account on CakeDefi. If you don’t have one then create your one account from the below-given registration link and complete KYC verification.

Questions will generally be based on the same topic itself and therefore make sure to learn about it through the provided short lessons or videos.

Learn earn free $5 worth DFI tokens from is for a limited time and for limited users and those who complete the quiz will get assured rewards for that quiz.

Learn And Earn $5 DFI Tokens

1) Tap on the link given below and create your new account on CakeDefi.

2) Enter your name, email id, password, country and 121834 referral code.

3) Verify your email id by entering 6 digit code. Done! Now again login the site.

4) Complete your KYC verification, which is mandatory to claim the rewards.

5) Go to learn earn section there you will get all live quizzes.

6) Take the DeFiChain quiz, submit the answers and earn $5 worth DFI tokens.

CakeDefi DeFiChain Quiz Answers

Q1) How can DeFiChain be described in one sentence?

Answer: A. DeFiChain is a blockchain dedicated to Native Decentralized Finance for Bitcoin.

Q2) What is Decentralized Finance?

Answer: B. Decentralized Finance are all types of financial applications without the need of a third party intermediary like a bank

Q3) What are the benefits of #NativeDeFi?

Answer: C. Native DeFi is more secure than non-Native DeFi because the consensus happens directly on the native blockchain layer, instead of getting compiled and running through a virtual machine like on Ethereum.

Q4) What are the main ways to earn incredibly high yields with DeFiChain?

Answer: B. Staking and Liquidity Mining offer great and easy ways for anyone to earn block rewards with over 50% yearly returns.

Q5) What is DeFiChain’s Decentralized Exchange?

Answer: D. DeFiChain’s decentralized exchange is the cornerstone of most decentralized financial applications in the DeFiChain ecosystem, enabling trading, liquidity mining and more