Binance Learn & Earn LDO Quiz Answers

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Q1. What problem is Lido trying to solve in PoS staking?

Answer: All are correct

Q2. What do users receive after staking their tokens on Lido?

Answer: Assets that represent their staked tokens on a 1:1 basis, e.g., stake ETH and get stETH tokens

Q3. Where do users deposit their PoS token on Lido?

Answer: The Lido staking pool smart contract

Q4. What can holders do with LDO?

Answer: Vote on decisions in the Lido DAO

Q5. Why does Lido operate as a DAO?

Answer: All are correct

Q6. What can users do with their stETH tokens?

Answer: All are correct

Q7. What is the name of the utility token on Lido?

Answer: LDO

Q8. In addition to Ethereum, which PoS blockchain does Lido support?

Answer: Polkadot