Get your free DeFi certificate now!

Have you worked through the whole DeFi course? Then you have truly earned your “Fit for DeFi” certificate! Start the free DeFi certificate exam using the “Start” button below. And as a bit of motivation: Take a look at a sample DeFi certificate in advance.

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CERTIFICATION

You have 60 minutes to answer 30 exam questions, with each question having exactly one correct answer. If you answer at least 80% of the questions correctly (i.e., at least 24 correct answers), then you have passed and you can download your certificate as a PDF directly at the end of the exam. If you don’t get the 80%, you can retake the exam as many times as you like. Good luck!

(By clicking ‘Start’ you consent to us storing your exam details plus your name as per the ‘Data collection note’ below.)

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Category: Module 5: Decentralized Lending

What is an “aToken” (e.g. aMATIC) in the context of Aave?

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Category: Module 1: Introduction to DeFi

Is Ethereum or Polygon better for trying out DeFi protocols?

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Category: Module 1: Introduction to DeFi

Which definition of DeFi makes the most sense?

4 / 30

Category: Module 5: Decentralized Lending

What does a liquidation threshold of 80% mean for DAI collaterals at Aave?

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Category: Module 3: Setting Up Your Wallet

How long does it take to setup a wallet like MetaMask?

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Category: Module 5: Decentralized Lending

What is the core function of the Aave Safety Module?

7 / 30

Category: Module 1: Introduction to DeFi

What is true about the history of Ethereum and Bitcoin?

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Category: Module 1: Introduction to DeFi

Are payments in DeFi or in TradFi faster?

9 / 30

Category: Module 2: DeFi Core Concepts

What is an example of a smart contract risk?

10 / 30

Category: Module 5: Decentralized Lending

What credit durations does Aave offer its users?

11 / 30

Category: Module 1: Introduction to DeFi

What is a DAO?

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Category: Module 2: DeFi Core Concepts

What is an example of bootstrapping?

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Category: Module 3: Setting Up Your Wallet

What is a secret backup phrase?

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Category: Module 6: Decentralized Insurance

Which risks can be insured with decentralized insurance protocols such as Unslashed Finance?

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Category: Module 4: Decentralized Exchanges

What is the key equation most Automated Market Makers use to determine the token swap price?

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Category: Module 6: Decentralized Insurance

How does the Unslashed Finance protocol determine whether an insurance claim is valid or not?

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Category: Module 2: DeFi Core Concepts

What is an oracle?

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Category: Module 4: Decentralized Exchanges

Which statement about the relative size of the Total Value Locked (TVL) of different DeFi categories is correct?

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Category: Module 4: Decentralized Exchanges

What is meant by LP tokens in the DeFi world?

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Category: Module 4: Decentralized Exchanges

What approvals do you need to offer your own token for trading on Uniswap?

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Category: Module 4: Decentralized Exchanges

How do you define impermanent loss in the context of a decentralized exchange?

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Category: Module 3: Setting Up Your Wallet

Which is the most suitable description of the MetaMask wallet?

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Category: Module 2: DeFi Core Concepts

What is meant by DeFi Lego?

24 / 30

Category: Module 1: Introduction to DeFi

Approximately how many different DeFi categories does the information provider DeFiLlama distinguish?

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Category: Module 1: Introduction to DeFi

What is the Total Value Locked (TVL) of a blockchain?

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Category: Module 5: Decentralized Lending

What is a flash loan?

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Category: Module 1: Introduction to DeFi

What is meant by the term ‘Institutional DeFi’

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Category: Module 5: Decentralized Lending

What is the most appropriate description of Aave’s offering?

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Category: Module 3: Setting Up Your Wallet

What is the difference between a seed phrase and a secret backup phrase?

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Category: Module 6: Decentralized Insurance

On which blockchains was Unslashed Finance rolled out?

Please provide your full name exactly as it should appear on the certificate.


Data collection note: It is important to us to store as little data as possible about our visitors. However, if you take the certificate exam via the “Start” button above, then we will have to save your exam details with your name and your PDF certificate as evidence that you have passed the exam (hopefully successfully). See also our privacy policy.

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