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Become a Saddle Bandit (Lvl 0 to 1)
Quiztionaire = Quiz + Questionaire
Howdy pardners, it's sure nice to meet ya! Today we're gonna be askin' some questions to test your knowledge about DeFi, crypto, and more, to get ya'll a bit better acquainted with what we're all about here at Saddle Finance!
Score at least 80% and you will be rewarded with the chance to earn SDL tokens!
You can find all of the answers between these three links:
https://docs.saddle.finance/saddle-faq
,
https://blog.saddle.finance/saddle-up-for-defi/
and
https://docs.saddle.finance/sdl-token
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* Indicates required question
Saddle up for Open Source Low Slippage pegged asset swaps! Yeeehaw!~
1) What is Saddle?
*
1 point
a) Saddle is a decentralized exchange (DEX) on the Solana blockchain.
b) Saddle is a decentralized automated market maker (AMM) on the Ethereum blockchain.
c) Saddle is a real estate company from San Francisco.
d) Saddle is an investment bank and hedge fund from Switzerland.
2) Why does Saddle exist?
*
1 point
a) To facilitate low-slippage swaps between pegged-value digital assets with open source code.
b) To buy abandoned and foreclosure homes and have them repaired to be sold at a profit.
c) To facilitate swapping any crypto you want to any other crypto with proprietary software.
d) To provide a centralized trusted service with professionals managing your funds.
3) Who built Saddle?
*
1 point
a) Saddle is founded by Sunil -
https://twitter.com/devops199fan
in 2019.
b) Saddle was founded by John -
https://twitter.com/Weeb_Mcgee
, builder of
yieldfarming.info
c) Saddle was built singlehanded by Vitallik Buterin in 2015 with help from Elon Musk.
d) Saddle was built in one night by AndreCronje (of abracadabra.money fame) in 2021.
e) Saddle was founded by both Sunil and John in 2020.
4) How does Saddle work?
*
1 point
a) The StableSwap mathematical formula to reduce slippage and keep the market liquid.
b) Saddle is a Yield Farming mechanisme for risky trading maneuvers.
c) Saddle is a centralized crypto lending and borrowing marketplace.
d) Saddle runs on magic, nobody knows how it works except the fairies.
5) Does Saddle have a tradable governance token?
*
1 point
a) Saddle has no token whatsoever but plans to make one.
b) Yes, SALD is the governance token of Saddle
c) Yes, SDL is the governance token of Saddle. It is not tradeable yet, but will be once veSDL is laid out
d) Saddle has announced a token but not yet launched it.
e) All of the above.
6) Why is SDL token locked / not tradeable yet?
*
1 point
a) Because it takes 4 years for a governance token to be unlock
b) So that community members cannot sell their SDLs
c) Because it still needs more than 50 million tokens in circulation
d) To allow all community members to earn more SDL and deter short-term profit-seekers.
7) How can I earn SDL before it becomes transferable?
*
1 point
a) bounties4bandits (b4b) w Encode Club.
b) Liquidity Providing (LPing) to a Saddle Pool.
c) Participating in the community on Discord.
d) SEMPI (Saddle Ecosystem Max Proliferation Initiative).
e) All of the above.
8) What's the total token supply for SDL?
*
1 point
a) 1,000,000,000 (one billion) capped / limited supply.
b) 1,000,000,000 (one billion) unlimited supply and 3% infinite inflation.
c) 1,000,000 (one million) IQ if you go here
https://blog.saddle.finance/introducing-sdl/
d) 1,000,000,000 (one billion) and burned when users trade on platform.
9) Why joining Saddle community is excellent for Saddle users?
*
1 point
a) To be updated on announcements.
b) To keep up with the B4B new bounties to earn SDL.
c) The engagement of DeFi masters/beginners in the community
d) To keep up with DeFi news and stuff
e) To propose a governance proposal and to engage with governance topics.
f) To have some new friends and learn new stuff.
g) All of the above
10) What can you do with Saddle?
*
1 point
a) Earn rewards - interest from trading fees and lending, earn incentives.
b) B4B - Accomplished a bounty and earn SDL.
c) Swap assets at low slippage.
d) Deposit and withdraw assets from a liquidity pool.
e) Fork Saddle's Code.
f) All of these things!
11) Are there alternative frontends for using Saddle?
*
1 point
a) All frontends =
https://docs.saddle.finance/saddle-faq#are-there-alternate-front-ends-for-saddle-protocol
b) There is only the main app here;
https://saddle.exchange/
c) Only main app and this ENS link;
https://saddlefinance.eth.link/
d) Only ENS link and this Fleek mirror :
https://saddlefinance.on.fleek.co/#/
e) Only the Fleek mirror and this link at IPFS :
https://ipfs.io/ipns/saddle.exchange/
f) Saddle has no frontend
12) What are the fees for using Saddle?
*
1 point
a) Trading on Saddle costs a trading fee, an admin fee, a gas fee, and a convenience fee.
b) Fees for using Saddle is a flat 1% per swap + gas.
c) The admin fee is 50% of the trading fee which is typically 0.040% users pay this + gas.
d) Trading on Saddle costs a once-annual fee of $1,100 USD and up to 0.08% of your soul.
e) All of the above.
13) How do I get Saddle NFTs?
*
1 point
a) Not possible for the first drop but maybe more drops in the future? #notfinancialadvice.
b) Use the protocol and claim on
https://galaxy.eco/saddle/campaign/GCGa6UUUkM
c) Not possible any more because the campaign was only for participation before Nov 2021.
d) Minting one and proposing it to the Community.
14) Why using Saddle is Safe?
*
1 point
a) Ellon Musk approves it
b) Saddle passed auditing on all smart contracts by Certik, Quantstamp, and OpenZeppelin
c) It has a great governance token.
d) You can communicate with the other members and founders/developers on the Discord/Telegram
15) Who controls Saddle?
*
1 point
a) A 3/7 Gnosis Safe multisig secures Saddle's admin keys.
b) A single metamask wallet controls all admin keys on a random dev's laptop.
c) 9/11 multisig controls pools, treasury controlled by 3/7 multisig.
d) wtf is a multisig?
e) All of the above.
16) What's the difference between Saddle and Curve?
*
1 point
a) Its pools.
b) The incentives from each pool.
c) Their trading fees.
d) Ideally, Saddle would have just built on top of Curve, but they had a restrictive license.
17) What makes Saddle great over other competitors/DeFi?
*
1 point
a) Supports different blockchains?
b) Saddle values open-source collaboration
c) Saddle is implemented in Solidity, while Curve is set up with Vyper (two coding languages)
d) Saddle has a great community
e) All of the above
18) What is the best source of news for Saddle?
*
1 point
a) Join the official Discord here :
http://discord.gg/saddle
b) Follow the official blog here :
https://blog.saddle.finance/
c) Follow our official Twitter here :
https://twitter.com/saddlefinance
d) Follow the team's official Github here :
https://github.com/saddle-finance
e) Join our official Telegram group here :
https://t.me/saddle_finance
f) The answer is that all of these are true
19) How do I report a bug or broken feature?
*
1 point
a) We encourage anyone to help us find bugs or breaks in the app. Reward up to US$ 50,000.
b) Posting on Discord (in #support channel)
https://discord.com/invite/hX8RZFBW9R
c) Chatting thru our chatbot on saddle.finance or saddle.exchange
d) Posting in our Telegram group here :
https://t.me/saddle_finance
e) Immunify Bug Bounty marketplace :
https://immunefi.com/bounty/saddle/
f) Report it to Saddle's Intercom (A live chat that acts as a support)
f) The proper answer is that all of these options are true.
What is your Discord Username (full name)? *used to verify your identity
*
1 point
Your answer
What is your public Ethereum address? *For sending SDL purpose (after your ambassador trial)
*
1 point
Your answer
Submit
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