Binance Lido Quiz Answers: Learn & Earn $LDO

Get Free LDO tokens when joining Binance Learn & Earn Lido.

Binance Lido Quiz Answers is

• Question 1: What problem is Lido trying to solve in PoS staking?

  Answer is : All are correct

• Question 2: What do users receive after staking their tokens on Lido?

  Answer is : 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 is : The Lido staking pool smart contract

• Question 4: What can holders do with LDO?

  Answer is : Vote on decisions in the Lido DAO

• Question 5: Why does Lido operate as a DAO?

  Answer is : All are correct

• Question 6: What can users do with their stETH tokens?

  Answer is : All are correct

• Question 7: What is the name of the utility token on Lido?

  Answer is : LDO

• Question 8: In addition to Ethereum, which PoS blockchain does Lido support?

  Answer is : Polkadot

How to Participate in Binance Learn & Earn Lido Quiz

1. First of all update your Binance app from Playstore to latest version of visit this Binance Learn & earn quiz webpage directly
2. New Users of Binance can create new account from here
3. Login into your Binance account
4. Go to homepage & you will see this learn & earn Lido quiz banner
5. Click on that
6. New chapter of learn & earn LDO quiz will live from 2022-10-19 09:00 (UTC)
7. Start the quiz at same time & solve using above already solved Binance Lido Quiz answers

Join the quiz here Binance Lido Quiz