Are you looking for Binance Lido Quiz Answers? This is the right place for you if that’s the case. It is necessary for you to answer all 8 questions correctly in order to receive your reward. You may not be rewarded even if you answer incorrectly one time.
Note: Your account must be KYC-Verified in order to take part in the Binance Lido quiz and receive free crypto.
Binance Lido Quiz: How to Participate?
- Create or log in to your Binance Account.
- Your account must be KYC-Verified otherwise you will not be able to take part in the quiz.
- Visit Binance Academy’s Learn and Earn page here.
- Select the Binance Lido course and click Start Course.
- Answer the quiz questions correctly.
- Winners are selected on the basis of First come, First served!
Note: The Binance Lido quiz will take place on 19th Oct 2022.
Binance Lido Quiz Answers
Our team at GetQuizAnswers regularly updates quiz questions and their answers. If you found an outdated or wrong answer, let us know via comment or contact us. We will answer your query as soon as possible.
Question 1: What problem is Lido trying to solve in PoS staking?
Answer: All are correct
Question 2: What do users receive after staking their tokens on Lido?
Answer: Assets that represent their staked tokens on a 1:1 basis, e.g., stake ETH and get stETH tokens
Question 3: Where do users deposit their PoS token on Lido?
Answer: The Lido staking pool smart contract
Question 4: What can holders do with LDO?
Answer: Vote on decisions in the Lido DAO
Question 5: Why does Lido operate as a DAO?
Answer: All are correct
Question 6: What can users do with their stETH tokens?
Answer: All are correct
Question 7: What is the name of the utility token on Lido?
Answer: LDO
Question 8: In addition to Ethereum, which PoS blockchain does Lido support?
Answer: Polkadot
Binance Lido Quiz Answers in Video
Alternatively, you can watch the YouTube video below with the same quiz answers if you don’t like reading an article.
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