How to Participate in Binance Learn & Earn HIFI Quiz

  1. Update your Binance app New Users of Binance can create new account from here
  2. Login into your Binance account
  3. Go to homepage & you will see this learn & earn HIFI quiz banner
  4. Click on that New chapter of learn & earn HIFI quiz will live from 2.30 PM IST
  5. start the quiz at same time & solve using below already solved Binance HIFI Quiz answers
Binance Learn & Earn HIFI Quiz All Answers
Binance HIFI QuizAnswers
What makes Hifi unique compared to other lending protocols?Its fixed interest rate offering.
What is the role of Liquidators in Hifi Finance?Sell off collateral and pay off debt for risky borrowers.
What is Hifi Finance?A decentralized lending protocol built on Ethereum.
Who votes on which assets users can borrow against in Hifi Finance?HIFI token holders
What is the purpose of Hifi Finance?Provide a new way of lending and borrowing.
To what can Hifi Governance allocate the resources from the fee switch?All of the above.
What is the purpose of the fee switch in the Hifi Lending Protocol?To capture an origination fee.
What are the three ways in which users can earn a return in Hifi Finance?Lending, Providing, and Protecting
Who is responsible for managing the Hifi Lending Protocol?Hifi Holder
How do Liquidity Providers earn a reward in Hifi Finance?Providing liquidity for interest-rate markets.
What is the role of HIFI token holders in Hifi Governance?Both A and B.
What are the three ways in which users can earn a return in Hifi Finance?Lending, providing liquidity, and protecting the protocol from bad debt.

Details About HIFI Tokens (Useful in Binance HIFI Quiz)

Hifi is a decentralized lending protocol offering fixed interest rate lending on the Ethereum blockchain. Borrowers can use Hifi to access the value of their crypto assets without having to sell them. With fixed interest rates, borrowers know exactly what they will pay before deciding to borrow. Lenders can use Hifi to earn a predictable return, as the fixed interest rates provide a clear understanding of what they will earn before lending. Liquidity providers can earn fee-based rewards for providing liquidity to Hifi’s interest rate markets, and liquidators can earn profits by monitoring the protocol and liquidating risky debt positions to protect it from bad debt.

Terms and Conditions Of Binance HIFI Quiz

  • Illegally bulk registered accounts and sub-accounts shall not be eligible to participate or receive any rewards. Rewards are limited and are available on a first-come, first-served basis. Users can only claim the reward for each course after completing the respective quiz. There will be caps imposed on the amount of rewards available to eligible users per country/region. Eligible users may complete multiple quizzes to claim multiple rewards. The actual value of the reward received is subject to change due to market fluctuation.
  • Rewards will be distributed within 48 hours to qualified learners who pass the quiz. Users may check their rewards via Account > Reward Center. Binance reserves the right to terminate the activity at any time without prior notice. Binance accounts can only be used by the account registrants. Binance reserves the right to suspend, freeze or cancel the use of Binance accounts by persons other than account registrants. Binance reserves the right of final interpretation of the activity. Binance reserves the right to change or modify these terms at its discretion at any time. Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail. Users will not be able to participate in this activity once all rewards are distributed.

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