Test Your Knowledge on Yearn Finance Products!
Idyllic via DISCORD
Created 7/12/2024
Dive into the world of Yearn Finance and see how well you know its suite of products
1. What is the purpose of Yearn Finance's product 'Earn'?
Offers flash loans to quickly liquidate assets.
Allows for high-leverage trades of stablecoins.
Automatically shifts funds for best interest rates.
Provides insurable coverage against financial losses.
2. Which Yearn product allows swapping in and out of Curve.Finance liquidity pools?
3. What does the Yearn Finance product 'Cover' provide?
Automated liquidation coverage.
Insurance coverage against financial losses.
Interest rate optimization for DeFi loans.
Real-time yield rate tracking.
4. What determines the amount of YFI earned by a user?
Number of active trading pairs utilized.
Frequency of exchange trades conducted.
Total network transaction fees.
Amount of cryptocurrency locked in Yearn contracts.
5. When did the Yearn Finance platform officially launch?
August 25, 2020
June 15, 2020
September 10, 2020
July 17, 2020
6. What is the core function of Yearn's 'Vaults'?
Insurance against smart contract risks.
Automates yield adjustments based on market trends.
Provide diversified capital exposure.
Enable flash loan liquidation.
7. Which product was introduced in Yearn's V2 update?
8. What feature does 'ytrade.finance' provide?
Generates yields via automated investments.
Allows long or short stablecoins with 1000x leverage.
Provides insurance for DeFi protocols.
Swaps stablecoins in Curve pools.
9. What is the function of 'yliquidate.finance'?
Offers high-leverage stablecoin trades.
Generates yield by shifting loan funds.
Introduces flash loans to liquidate funds efficiently.
Provides insurance coverage for contracts.
10. Which stablecoins can be used with the 'Zap' product?
BUSD, DAI, USDC, USDT, TUSD
PAX, SUSD, GUSD
DAI, TUSD, PAX
USDT, USDC, ETH
11. What is Yearn Finance's suite primarily focused on?
Insurance for Ethereum smart contracts.
Centralized currency exchange services.
High-leverage trading platform for tokens.
Yield generation, lending aggregation, and more.
12. Which language is used for creating custom Vault strategies?
Solidity
Python
JavaScript
Rust
