Day 7
60 min
3 tasks
3 tasks
Agenda
1. DeTech
2. Value story sharing
3. Refferal program
2. Value story sharing
3. Refferal program
4. Web3dacha
5. Vocabulary of the day
5. Vocabulary of the day
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
Explain how you understand the Commit value for you in your daily work-related routine
What is the commit value for you?
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
— 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
— Blockchain-based SDK
— DeFi protocol
— Crypto token
What does the Polkadot network consist of?
— Parachains and parathreads
— Tokens
— Bridges
— 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
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
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 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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