Answers to the quiz “Liquid Swap Binance Guide and Questions”.

TutorialsDecember 10, 2021

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To participate in Liquid Swap on Binance, users need to complete the “Liquid Swap Tutorials & Questions” quiz. If users are inexperienced, users may find it difficult to answer the questions. Here are the answers to this test.

* See more: The complete guide Binance from a to z

1. “Liquid Swap” is a product developed on which of the following design principles:

  • AMM (Automatic Market Maker)

2. Is “Liquid Swap” a guaranteed investment?

  • No, a loss may incur.

3. When you provide liquidity, which of the following views is incorrect:

Any token can be added

  • Dual tokens can be added

4. 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:

  • ≈ 300 USD

5. 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):

  • c. A portion portfolio, including 40 BUSD + 60 DAI, and the portion portfolio will change in real-time.

6. When you remove your tokens back, which of the following views is incorrect:

  • a. You can get the same amount of tokens you added.

7. Which of the following may cause transaction fees:

  • All of the above.

8. In “Liquid Swap” for providing liquidity, there are several situations that may cause losses:

  • All of the above.

9. “Liquid Swap” is NOT a guaranteed investment, after providing the liquidity, the maximum loss you may incur is:

  • More than 50%

10. Regarding the number of portions, the portion value, cost per portion, and unrealized profit and loss, which of the following is incorrect:

  • The number of portions changes in real-time, but the value of portions remains constant.

Hopefully, with this article, users can quickly complete the Liquid Swap Tutorials & Questions quiz. Liquid Swap is a flexible form of passive earning on Binance. Learn about Liquid Swap Binance here.

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