Supra oracles Answer of questions
Greetings Supranians answer to you!
Navigating the perplexities of SupraOracles mission quizzes and seeking swift answers? Worry not!
Understanding the gravity of a singular chance at the quiz, missing out implies patiently waiting for the subsequent week’s mission quiz — a scenario we’d prefer to avoid, right?
To ensure your seamless quiz experience, I’ve committed myself to delving into the mission lectures, deciphering their intricacies, and triumphing over the quizzes on your behalf.
Within this all-encompassing guide, you’ll uncover the coveted SupraOracles quiz solutions. Count on me to consistently update this post with the latest SupraOracles mission answers, serving as your reliable source whenever fresh missions unfold.
Bookmark this page for prompt access to Supra Mission 40 answers.
Note: SupraOracles often presents multiple questions per quiz, resulting in diverse queries from users. Simplify your search by:
- On desktop, utilizing the Ctrl + F keys for a swift location of your specific question.
- On mobile, engaging the ‘Find in page’ option for an efficient search.
The correct answer for each quiz question will be clearly formatted in bold italics for your convenience.
Let the mission roll on!
Be part of Countdown to Blast Off and seize the opportunity to earn enticing prizes, including 100 $SUPRA and much more. 🚀
Supra Mission 1 Answers
👉 Answer: All of the above
Oracles serve as intermediaries, enabling smart contracts on the blockchain to access various types of data, including crypto data, financial data, and real-world data such as weather, news, sports scores, date, and time.
Question 2: How much value was stolen from bridges in 2022 alone?
👉 Answer: Over $2 billion USD
Supra Mission 2 Answers
*Which of the following is NOT true about Supra compared to other oracles?
👉 Answer: Supra’s performance and security are at par with other oracles
Supra Mission 3 Answers
Can nodes reverse transaction finality before they’re written on Supra?
👉 Answer: Blocks on Supra cannot be reversed after they are finalized
Supra Mission 4 Answers
What is Supra’s security method that delivers better oracle decentralization, scalability, and performance?
👉 Answer: Tribes and clans randomization method
Supra Mission 5 Answers
Which NFTs in the metaverse need Supra’s speed, accuracy, and fast finality to change with real world events?
👉 Answer: Dynamic NFTs
Supra Mission 6 Answers
Which of the following is responsible for keeping DORA secure and consistently blazing fast?
👉 Answer: All of the above
Supra Mission 7 Answers
What is the Tick-Start protocol of DORA?
👉 Answer: A method to start a new round of agreement without waiting for earlier rounds to finish.
Supra Mission 8 Answers
What is the purpose of agreement distance in DORA?
👉 Answer: To ensure accuracy in the final result.
Supra Mission 9 Answers
How do Supra’s price feeds make DeFi better?
👉 Answer:All of the above
Supra Mission 10 Answers
Who does cross-chain interoperability help?
👉 Answer: All of the above
Supra Mission 11 Answers
Why is cross-chain interoperability challenging?
👉 Answer: All of the above
Supra Mission 12 Answers
What are the three key characteristics of good randomness for Web3?
👉 Answer: Unpredictable, unbiased, verifiable
Supra Mission 13 Answers
How does Supra VRF achieve a decentralized process?
👉 Answer: By utilizing a threshold signature generated by a randomized VRF committee
Supra Mission 14 Answers
Which of the following is true about the impact of Supra VRF on Web3 gaming?
👉 Answer: Ensuring fair and unpredictable outcomes
What is the purpose of randomization in DORA?
👉 Ans. It secures the protocol from manipulation
Supra Mission 15 Answers
How much discount does SNAP offer dApps for the first 6 months?
👉 Answer: 100% Off
Supra Mission 16 Answers
Q. How much can SNAP affiliates make?
👉 Answer: There’s No limit
Q. How are the affiliate earnings paid out?
👉 Answer:Partly in USDC and partly in $SUPRA
Q. Which projects can be referred by SNAP Affiliates?
👉 Answer: Any project on available networks
Supra Mission 17 Answers
How much value was stolen from bridges in 2022 alone?
👉 Answer: :Over $2 billion USD
What are bridges used for?
👉 Answer:To move between two unique blockchains
What’s the weakest link in the blockchain world?
👉 Answer: Bridges between two or more unique blockchains
Supra Mission 18 Answers
Q. What is the primary advantage of Supra’s HyperNova over traditional bridges in cross-chain transactions?
👉 Answer: It preserves Layer 1 security guarantees through the entire transaction cycle
Q. Where does HyperNova’s cross-chain bridgeless technology get its security from?
👉 Answer: The cryptographic proofs of the origin chain’s consensus as well as Supra’s consensus
Q. Can you send assets to more than one chain via HyperNova in a single transaction?
👉 Answer: Yes, you can easily send assets to more than one chain
Supra Mission 19 Answers
Q. How does Supra HyperNova impact the risk-reward equation for cross-chain DeFi traders?
👉 Answer: It levels the playing field by removing conventional bridge-related risks
Q. How does Supra HyperNova benefit DeFi traders in cross-chain scenarios?
👉 Answer: By preserving the security guarantees of the source chain
Q. How does Supra HyperNova achieve cross-chain interoperability without compromising security?
👉 Answer: By translating the source chain’s proof into a universally verifiable proof
Supra Mission 20 Answers
Q. How does Supra’s HyperNova benefit multi-chain gaming?
👉 Answer: It can expand the player pool across different blockchains
Q. How does Supra’s HyperNova provide beyond just bridging assets in Web3?
👉 Answer: Universal translation and communication between blockchains
Q. How does Supra’s HyperNova transform Web3?
👉 Answer: By cryptographically connecting blockchains and their communities across Web3
Supra Mission 21 Answers
Q. How many utilities of the $SUPRA token are explained in this mission?
👉 Answer: Six
Q. How does the $SUPRA token encourage long-term user loyalty?
👉 Answer:It rewards loyalty with discounted access to network services
Q. How does the $SUPRA token contribute to network security?
👉 Answer:Users can lock their tokens to enhance network security and earn rewards
Supra Mission 22 Answers
Q. How does the $SUPRA token extend its utility beyond its native network?
👉 Answer:By integrating with 40+ different blockchain networks and counting
Supra Mission 23 Answers
Q. Why is tokenomics important in blockchain projects?
👉 Answer: It helps align incentives, promote participation, and foster decentralization
Q. What does tokenomics refer to in the blockchain context?
👉 Answer: The economic principles underlying the creation and operation of digital tokens
Q. What does the $Supra token promote decentralization?
👉 Answer: By involving the community and active participants in its tokenomics
Supra Mission 24 Answers
Q. Which digital token can be used to participate in the sale?
👉 Answer: ERC-20 $USDC
Q. What is the benefit for Blast Off players in this token sale?
👉 Answer: They get to skip verification and KYC steps during the public sale
Supra Mission 25 Answers
Q. How does Moonshot’s rapid block finality and increased throughput benefit various use cases on the blockchain?
👉 Answer: It improves performance across all blockchain use cases it reaches
Q. How does Supra’s Moonshot improve speed and performance impact blockchain applications?
👉 Answer: It enhances the speed, security, and accessibility of blockchain transactions
Q. How much block throughput improvement does Supra’s Moonshot consensus have compared to the prevailing state-of-the-art?
👉 Answer: Over 54%
Supra Mission 26 Answers
Q. When Moonshot consensus is integrated into Supra’s network, what does it boost?
👉 Answer: All of Supra’s protocols and services
Q. Which term best describes Supras network that integrates multiple infrastructural and interoperability solutions?
👉 Answer:IntraLayer
Q. What is the Moonshot consensus improvement over the current leading consensus mechanism?
👉 Answer: It`s 54% faster in finality latency and 40% better in block throughput
Supra Mission 27 Answers
Q. How does the Supra Network manage its node groups’ involvement in different services?
👉 Answer: Randomly assign and regularly reshuffle nodes in sub-committees
Q. What does Supra refer to the smaller node groups within its network as?
👉 Answer: Clans
Q. What does the Supra Network’s approach to service security and decentralization resemble?
👉 Answer: Decentralized microservice architecture
Supra Mission 28 Answers
Q. Which term is used to describe Supra’s bridgeless cross-chain communication capabilities?
👉 Answer: HyperNova
Q. What is Supra’s role as an IntraLayer in the Web3 landscape?
👉 Answer: Infrastructure and interoperability hub
Q. How is Supra transforming the Web3 landscape for builders?
👉 Answer: By providing essential services on a decentralized, interoprable network
Supra Mission 29 Answers
Q. Who are the providers in the context of liquidity pools, and what role do they play?
👉 Answer: Community members providing liquidity in exchange for fees
Q. What role do liquidity pools play in the decentralized finance(DeFi) space?
👉 Answer: Facilitate trade and exchange of cryptocurrencies and digital assets
Question: Why are liquidity pools considered decentralized in nature?
👉 Answer: Community-provided liquidity from a distributed network of providers
Supra Mission 30 Answers
Q. Why are pre-existing liquidity pools stranded on their blockchains?
👉 Answer: Because they have no native way to reach other blockchains
Q. What problem does Supra aim to solve with its Cross-chain Liquidity Network?
👉 Answer: Fragmentation of liquidity pools across different blockchains
Question : Why do we need liquidity pools connected across different networks?
👉 Answer: To let anyone move freely across blockchains with their assets and token
Supra Mission 31 Answers
Q. What key benefits will Supra’s Cross-chain Liquidity Network provide to DeFi users?
👉 Answer: Faster and smoother trading experiences across an interconnected Web3 landscape
Q. What will be the primary focus of Supra’s Cross-chain Liquidity Network?
👉 Answer: Opening DeFi doors across all chains
Q. What core DeFi principle will Supra’s Cross-chain Liquidity Network reinforce?
👉 Answer: Enabling more widespread decentralization across blockchains.
Supra Mission 32 Answers
Q. How does Supra’s Cross-chain Liquidity Network solve price gaps across different DeFi marketplaces?
👉 Answer: By integrating Supra’s decentralized cross-chain oracle
Q. What risk do liquidity providers face in the current state of isolated DeFi markets?
👉 Answer: Impermanence loss for liquidity providers
Q. What is one of the main objectives of the price discovery mechanism in Supra’s Liquidity Network?
👉 Answer: Fairer and more accurate prices
Supra Mission 33 Answers
Q. In a proof-of-stake network, what term is used for the phenomenon similar to Miner Extractable Value and Oracle Extractable Value?
👉 Answer:Maximal Extractable Value
Q. Why are oracles considered crucial in the context of Oracle Extractable Value?
👉 Answer: They bring real-world data onto blockchains, triggering events like liquidations
Q. In traditional proof-of blockchains, who has the opportunity to exact value from liquidation events?
👉 Answer: Minner
Supra Mission 34 Answers
Q: How does Supra address the challenges posed by Oracle Extractable Value
👉 Answer: By cutting out oracle latency and predictability with DORA
Q : Why did Supra need to solve the problem of OEV?
👉 Answer:To prevent the theft of value from well-meaning traders
Q: What does OEV stand for in the context of the mission?
👉 Answer: Oracle Extractable Value
Supra Mission 35 Answers
Q : What does DFMM stand for, according to the mission?
👉 Answer: Dynamic Function Market Maker
Q: What inherent drawbacks and risks does the AMM model still face in DeFi?
👉 Answer: High slippage, impermanent loss, and less than ideal risk mitigation
Q : Why did the concept of Automated Market Makers (AMMs) emerge in the world of Web3?
👉 Answer:To eliminate the need for a centralized matching agent.
Supra Mission 36 Answers
Q : What AMM problems does Supra’s DFMM solve?
👉 Answer: High slippage and impermanence loss of AMMs
Q 1: What is the key impact of Supra’s DFMM on DeFi?
👉 Answer: Makes DeFi more user-friendly and boosts adoption
Q 2: Where does DFMM get its price information from?
👉 Answer: Supra Oracles and a decentralized virtual order book
Supra Mission 37 Answers
Question 1: How does Supra’s DFMM differ from traditional AMMs?
👉 Answer: DFMM integrates cross-chain liquidity networks and oracles
Question 2: How does Supra’s DFMM and its cross-chain DEX benefit DeFi traders?
👉 Answer: More accurate prices with maximum trading speed and efficiency
Question 3: How does the integration of cross-chain liquidity networks and oracles within Supra’s DFMM create a major shift in DeFi?
👉 Answer: It lays the foundation for an enshrined cross-chain Decentralized Exchange
Supra Mission 38 Answers
Question 1: Why does Supra anticipate service fees for protocols like oracle and VRF to decline in the long run?
👉 Answer: The inevitable trend in tech towards lower fees for services
Question 2: How does the Supra network plan to generate revenue in the future?
👉 Answer: Generating revenue from cross-chain liquidity
Question 3: Who benefits from Supra’s cross-chain liquidity network?
👉 Answer: Liquidity providers, dApp builders, and the Supra network
Supra Mission 39 Answers
Question 1: How will Supra encourage dApps to access their services?
👉 Answer: Free access to services by staking in-demand tokens
Question 2: Why is liquidity crucial in Web3?
👉 Answer: To enable smooth asset exchange
Question 3: What is the primary incentive for node operators to provide liquidity?
👉 Answer: Earning both block rewards and liquidity fee-share
