Community Poll - September 2020

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This month is a Yield Farming special! 10 lucky respondents will be rewarded with $10 in ETH each, even if you did not answer all questions correctly.

Responses should be made by 15 September 2020 to be in the running - good luck!

Which of these are risks involved with Yield Farming? *

1 point

Price of the token drops significantly below your buying price

A bug in the code that causes your funds to be locked

Gas fees from transactions outweigh your yield returns

Fraudulent contract creators that include a function to exit with users' funds

Required

What does a Liquidity Provider (LP) do on an Automated Market Maker (AMM) like Uniswap or Balancer? *

1 point

Sets the price at which tokens are traded

Adds to a pool of funds for both tokens in a trading pair

Finds the best routes for a given trade that minimizes slippage

Makes limit orders for other traders to take

What is Liquidity Mining? *

1 point

Distribution of tokens as rewards to users for providing liquidity to a DeFi platform

Listing a token on an established exchange, providing a boost to trading liquidity

Smart contract fund that automatically reallocates to the highest-yielding DeFi pool

Mining a DeFi token using Application-Specific Integrated Circuit (ASIC) hardware

What is Rebasement? *

1 point

Daily inflation of a token's supply based on the prior day's trading volume

Automatic addition/removal of tokens to/from its total supply to maintain a target price

A set floor price below which tokens will be burned to manage total supply

Rewards given out to early participants in a platform's governance mechanism

What is Impermanent Loss (IL)? *

1 point

Losses experienced from providing liquidity to an AMM instead of simply holding tokens

Temporary losses suffered while making arbitrage transactions between exchanges and AMMs

Missed returns from holding tokens instead of earning yield by staking them

An out of the money position held on a call or put option

Which tokens have you farmed?

This is a bonus question! Feel free to share your 'alpha' ;)

YFI

YAM

COMP

BAL

I've never tried yield farming

Other:

What features would you like Etherscan to implement to help with your yield farming?

This is a bonus question! Share your idea and you might see it on the website soon =D

Enter your unique Poll Reward Code as displayed in the Block #7 newsletter (e.g. 68ae50fdb)

Share it to stand a chance to win! Skip this if you'd just like to share your thoughts.