Day 7
60 min

3 tasks
Agenda
1. DeTech
2. Value story sharing
3. Refferal program
4. Web3dacha
5. Vocabulary of the day
Task 1
Find more about the project it CIL Notion:

CIL Home → Projects → DeTech.World
DeTech
Task 2
Have you ever delt with the situations when you was disagree with the team's decisions but still followed it and that was for the best?

Explain how you understand the Commit value for you in your daily work-related routine
What is the commit value for you?
Read the reffeal policy
Refferal program
Task 3
Open the benefits policy in Notion and read how to book web3dacha for your acommodation.
Book web3dacha
Did you find it?
No
Well done! :)
Vocabulary of the day
Which one of the following statements is true?

— Yield farming describes the process of token holders generating income via DeFi platforms
— Yield farming isn't risky. It cannot be affected by price volatility and rug pulls
— Yield farmers don't need decentralized apps to earn interest and speculate on price swings
      What is Polkadot Substrate?

      — Blockchain-based SDK
      — DeFi protocol
      — Crypto token
            What does the Polkadot network consist of?

            — Parachains and parathreads
            — Tokens
            — Bridges
                  Yield farming is also referred to as liquidity mining. It is a way to generate rewards with cryptocurrency holdings. In simple terms, yield farming means locking up cryptocurrencies and getting rewards.

                  In other words, users can lend or borrow crypto (tokens) on a DeFi platform facilitated by smart contracts and speculate on price swings or earn interest in return for their services.

                  Types of yield farming:

                  — Liquidity provider
                  — Lending
                  — Borrowing
                  — Staking


                  Which one of the following statements is true?

                  — Yield farming describes the process of token holders generating income via DeFi platforms
                  — Yield farming isn't risky. It cannot be affected by price volatility and rug pulls
                  — Yield farmers don't need decentralized apps to earn interest and speculate on price swings
                    It is the backbone that powers Polkadot, a next-generation, heterogeneous, multi-chain network. Most of the blockchains in the Polkadot ecosystem are also built on Substrate. It's the primary blockchain SDK used to create parachains that make up the Polkadot network.

                    What is Polkadot Substrate?

                    — Blockchain-based SDK
                    — DeFi protocol
                    — Crypto token
                    Yield farming
                    Polkadot Substrate
                    Polkadot is a network protocol that allows diverse blockchains to transfer messages, including value, in a trust-free fashion, sharing their unique features while pooling their security. In other words, Polkadot is a scalable, heterogeneous, multi-chain technology.

                    Polkadot consists of heterogeneous blockchains called parachains and parathreads. The following chains can be connected with external networks via bridges. Like many post-Bitcoin cryptocurrencies, it also has a token.

                    What does the Polkadot network consist of?

                    — Parachains and parathreads
                    — Tokens
                    — Bridges
                    Polkadot
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