Binance HIFI Token Learn And Earn Quiz Answer

Q: What makes Hifi unique compared to other lending protocols?
A: Its fixed interest rate offering.

Q: What is the role of Liquidators in Hifi Finance?
A: Sell off collateral and pay off debt for risky borrowers.

Q: What is Hifi Finance?
A: A decentralized lending protocol built on Ethereum.

Q: Who votes on which assets users can borrow against in Hifi Finance?
A: HIFI token holders

Q: What is the purpose of Hifi Finance?
A: Provide a new way of lending and borrowing.

Q: To what can Hifi Governance allocate the resources from the fee switch?
A: All of the above.

Q: What is the purpose of the fee switch in the Hifi Lending Protocol?
A: To capture an origination fee.

Q: What are the three ways in which users can earn a return in Hifi Finance?
A: Lending, Providing, and Protecting

Q: Who is responsible for managing the Hifi Lending Protocol?
A: Hifi Holder

Q: How do Liquidity Providers earn a reward in Hifi Finance?
A: Providing liquidity for interest-rate markets.

Q: What is the role of HIFI token holders in Hifi Governance?
A: Both A and B.

Q: What are the three ways in which users can earn a return in Hifi Finance?
A: Lending, providing liquidity, and protecting the protocol from bad debt.