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Workshop Wednesdays - Ace a Quiz for $11,000
A chance to win from 11,000 USDT by answering a quick 5-question quiz about our newest spot listing stETH
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What is stETH?
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A fork of Ethereum
A derivative designed to back ETH 1:1
Upgraded version of wrapped ETH
Who created stETH?
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Ethereum DAO
Curve Finance
Lido Finance
Other:
What is the main problem stETH was created to solve?
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Making staked ETH liquid and allowing for participation with any amount of ETH to improve security of the Ethereum network
Locking up staked ETH for an extended period to increase total value locked on Ethereum 2.0
Improving interoperability of staked ETH on other Layer 1 blockchains
Which of the below is not an intended use for stETH tokens?
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Earn liquidity pool mining rewards
Earn free Ethereum airdrops
Earn yields from lending protocols
Other:
How are stETH tokens minted?
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Through conversion of wETH on Curve
Via the new proof-of-stake mechanism on the Ethereum blockchain
Upon deposit/staking of ETH on Lido
What is your Phemex UID?(Numbers only)
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Your answer
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