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568 | 568 | "m005-c-label": "Buy them from an exchange",
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569 | 569 | "m005-c-explanation": "Incorrect, this is a way to get stablecoins. Many exchanges and wallets let you buy stablecoins directly. Geographical restrictions may apply for centralized exchanges.",
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570 | 570 | "m005-d-label": "Mine them",
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571 |
| - "m005-d-explanation": "Correct! Unlike bitcoin, you are unable to mine stablecoins." |
| 571 | + "m005-d-explanation": "Correct! Unlike bitcoin, you are unable to mine stablecoins.", |
| 572 | + "n001-prompt": "What does DeFi stand for?", |
| 573 | + "n001-a-label": "Decentralized Finance", |
| 574 | + "n001-a-explanation": "Correct! DeFi refers to Decentralized Finance, a financial system built on Ethereum that operates without intermediaries like banks or financial institutions.", |
| 575 | + "n001-b-label": "Digital Finance", |
| 576 | + "n001-b-explanation": "This is incorrect. Digital Finance refers to financial services that are provided through digital platforms, but it doesn’t specifically imply decentralization.", |
| 577 | + "n001-c-label": "Distributed Finance", |
| 578 | + "n001-c-explanation": "This is incorrect. While 'distributed' could imply decentralization, the term used in the industry is 'Decentralized Finance,' not Distributed Finance.", |
| 579 | + "n001-d-label": "Development Finance", |
| 580 | + "n001-d-explanation": "This is incorrect. Development Finance typically refers to financial support provided for projects aimed at economic development, often in developing countries, and is unrelated to blockchain or DeFi.", |
| 581 | + "n002-prompt": "What CAN'T you do with DeFi?", |
| 582 | + "n002-a-label": "Send money around the globe.", |
| 583 | + "n002-a-explanation": "This is incorrect. With DeFi, you can send value to anybody anywhere in the world, without any limits.", |
| 584 | + "n002-b-label": "Ask customer support to revert your mistakes.", |
| 585 | + "n002-b-explanation": "Correct! In DeFi, transactions are final and controlled by code rather than a company. If a mistake happens, like sending funds to the wrong address, there’s no customer support to help fix it. You need to be extra careful.", |
| 586 | + "n002-c-label": "Borrow funds with collateral.", |
| 587 | + "n002-c-explanation": "This is incorrect. With DeFi, you can borrow money instantly, avoiding the days-long approval process of traditional banks.", |
| 588 | + "n002-d-label": "Trade your tokens 24/7.", |
| 589 | + "n002-d-explanation": "This is incorrect. DeFi allows you to trade tokens 24/7. Markets are always open, and you can trade your ETH against USDT or any other currency anytime.", |
| 590 | + "n003-prompt": "Which DeFi platform is known for allowing users to swap tokens directly with one another?", |
| 591 | + "n003-a-label": "Uniswap", |
| 592 | + "n003-a-explanation": "Correct! Uniswap is a decentralized exchange that allows users to trade (swap) tokens directly with each other using automated market-making mechanisms.", |
| 593 | + "n003-b-label": "Aave", |
| 594 | + "n003-b-explanation": "This is incorrect. Aave is a DeFi protocol focused on lending and borrowing, not token swaps.", |
| 595 | + "n003-c-label": "PoolTogether", |
| 596 | + "n003-c-explanation": "This is incorrect. PoolTogether runs no-loss lotteries which offer a new innovative way to save money.", |
| 597 | + "n003-d-label": "MakerDao", |
| 598 | + "n003-d-explanation": "This is incorrect. MakerDAO is a decentralized platform that allows users to issue and manage the DAI stablecoin, but it doesn’t focus on token swaps.", |
| 599 | + "n004-prompt": "When you use a DeFi app and make a transaction, where is the transaction information kept?", |
| 600 | + "n004-a-label": "ETH", |
| 601 | + "n004-a-explanation": "This is incorrect. Data is not stored in ether (ETH). ETH is the native asset of the Ethereum blockchain.", |
| 602 | + "n004-b-label": "My wallet", |
| 603 | + "n004-b-explanation": "This is incorrect. A wallet is an application that manages your Ethereum account by connecting to the Ethereum blockchain. It doesn't store any data about your transaction history.", |
| 604 | + "n004-c-label": "DeFi apps", |
| 605 | + "n004-c-explanation": "This is incorrect. DeFi apps don’t store your transaction history directly. Instead, your transaction details are recorded on the Ethereum blockchain.", |
| 606 | + "n004-d-label": "Ethereum blockchain", |
| 607 | + "n004-d-explanation": "Correct! Ethereum as a blockchain stores all the data made by its users and apps. This allows validators to maintain the same state across the P2P network.", |
| 608 | + "n005-prompt": "What makes Decentralized Finance (DeFi) possible on Ethereum?", |
| 609 | + "n005-a-label": "Smart Contracts", |
| 610 | + "n005-a-explanation": "Correct! Smart contracts are like digital 'if-then' statements written into Ethereum. They replace traditional contracts and middlemen, automatically executing transactions if certain conditions are met.", |
| 611 | + "n005-b-label": "Middlemen", |
| 612 | + "n005-b-explanation": "This is incorrect. Ethereum doesn't need middlemen for transactions to run. Everything runs on the chain through smart contracts.", |
| 613 | + "n005-c-label": "Bitcoin", |
| 614 | + "n005-c-explanation": "This is incorrect. Bitcoin is a simple network for storing value, not for running advanced programs. DeFi requires a more flexible system, like Ethereum, that can run complex programs to handle loans and trades automatically.", |
| 615 | + "n005-d-label": "Traditional financial institutions", |
| 616 | + "n005-d-explanation": "This is incorrect. DeFi apps don’t need traditional financial institutions. They use blockchain programs called smart contracts to handle transactions automatically." |
572 | 617 | }
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