Learn about Xend Finance and earn 6 $XEND - Earnathon

By wantumeni | wantumeni | 16 Jul 2021

What is Xend Finance?

Xend Finance is a blockchain-based platform inspired by traditional credit unions. It aims to provide opportunities for those interested in borrowing, investing, saving or lending digital assets. Xend is backed by Google and Binance.

Before taking the quiz, make sure to learn about Xend Finance through the 3 lessons they offer. Even though I provide the answers, the whole purpose is to learn something new:

Concept of DeFi
Concept of Savings & Loans
How Xend Finance works

What is Earnathon and how to take the quiz?

Earnathon was designed to facilitate global awareness, exposure and adoption of blockchain and cryptocurrency through its unique learn and earn educational model. Users are able to earn while they earn. I'm lovin' it!

Sign up for an Earnathon account and head out to the Explore tab to start earning $XEND. Take the quiz to which you will find the answers below. The tokens will be dropped into your wallet that you can find under the Dashboard tab.

The following except one reflect what DeFi represents: (2 $XEND)
Custodial asset trading
Unlike centralized finance products, DeFi products allows you to do the following except one: (2 $XEND)
Invest in government issued bonds
Xend Finance is a DeFi based platform which allows you to: (2 $XEND)
Save, Lend & Invest in cryptocurrencies

If you successfully complete the quiz, you should receive 6 $XEND as a reward. It may take a few minutes before the tokens are dropped into your wallet.

What's next?

As of July 2021, several big names in crypto have partnered with Earnathon and are soon to be listed for new "learn & earn" campaigns such as this one: