Learn about Liquid Staking on BNB Chain & earn up to $45 in tokens - CoinMarketCap Earn

By wantumeni | wantumeni | 31 Aug 2022

The "BNB Boost" Learn & Earn campaign will run from August 31st to September 29th.

Liquid staking on BNB Chain

Before taking the quizzes, make sure to learn about Liquid Staking on BNB Chain through the 5 lessons below. Even though I provide the answers, the whole purpose is to learn something new and these are top projects on BNB Chain:

Lesson 1: How to maximize your BNB yields with pSTAKE?
Lesson 2: What is Ankr Staking?
Lesson 3: Introduction to Stader Labs & its BNB staking solution
Lesson 4: Wombat Exchange: Advancing into Stableswap 2.0
Lesson 5: What is Helio Protocol?

How to take the quiz?

Make sure to have a CoinMarketCap account and a Binance account (KYC verified) as you will need a Binance user ID to complete the quiz. The tokens will be dropped into your BEP-20 wallet.

Once you're all set, you can now take the quiz to which you will find the answers below:

pStake Finance

After every epoch does the value of stkBNB decrease or increase against BNB?
Increases
Users unstaking BNB from pSTAKE will have to wait for how many days?
No waiting
Which application provides the leverage yield farms for stkBNB?
Alpaca Finance
What is the protocol fee charged by pSTAKE for the first 90 days?
0%
Which on-chain security analysis does pSTAKE use for stkBNB?
Forta
Submit the “Unique Code” in the pStake Finance's video
012020

Ankr

How does liquid staking differ from staking?
Liquid staking solves the capital inefficiencies of staking, because it unlocks the capital staked to be used in other protocols
What are the advantages of liquid staking tokens?
All of the above
Which networks does Ankr support for liquid staking?
Ethereum, Polkadot, Fantom, BNB, Avalanche, Polygon, Kusama
Submit the “Unique Code” in the pStake Finance's video
080862

Stader

How many chains is Stader live on?
6
Which of the following security measures are followed by Stader’s solution?
All of the above
How does BNBx increase in value?
The exchange rate of BNBx with respect to BNB increases over time as staking rewards accumulate
Which of the following are advantages of BNBx?
All of the above
How much time does it usually take to stake BNB with Stader?
< 1 minute
Submit the “Unique Code” in the pStake Finance's video
050822

Wombat Exchange

What is the vision of Wombat Exchange?
Stableswap 2.0
What are the competitive advantages of Wombat Exchange?
All of the above
What traditional finance concept does Wombat use to manage its liquidity?
Coverage ratio
What tokens are included in Wombat’s liquid staking pool?
BNB, BNBx and stkBNB
Submit the “Unique Code” in the pStake Finance's video
300822

Helio

What is the Helio protocol?
A decentralized and over-collateralized destablecoin solution capitalizing on the potential of liquid staking & yield-bearing assets
What is the Loan-To-Value ratio for borrowing $HAY?
66%
What is a destablecoin?
A decentralized digital asset backed by decentralized cryptocurrency as collateral and while non-volatile, can be subject to minor fluctuations
How can I obtain the $HAY destablecoin?
Providing $BNB in collateral, and borrowing/mint $HAY against it
How does Helio protocol ensure that $HAY yields are sustainable?
All of the above
Submit the “Unique Code” in the pStake Finance's video
170822

Successful users will receive tokens as mentioned in the table below and 50 Diamonds additionally. Note that the rewards are limited and distributed randomly among the users who complete the quiz successfully.