SUPRA ORACLES All Questions And Answers From Previous Weeks(1-48)
Supra Mission 1 :
What kind of data do oracles help smart contracts access on the blockchain?
👉 All of the above
Supra Mission 2 :
*Which of the following is NOT true about Supra compared to other oracles?
👉 Ans. Supra’s performance and security are at par with other oracles
Supra Mission 3 :
Can nodes reverse transaction finality before they’re written on Supra?
👉 Ans. Blocks on Supra cannot be reversed after they are finalized
Supra Mission 4 :
What is Supra’s security method that delivers better oracle decentralization, scalability, and performance?
👉 Ans. Tribes and clans randomization method
Supra Mission 5 :
Which NFTs in the metaverse need Supra’s speed, accuracy, and fast finality to change with real world events?
👉 Ans. Dynamic NFTs
Supra Mission 6 :
Which of the following is responsible for keeping DORA secure and consistently blazing fast?
👉 Ans. All of the above
Supra Mission 7 :
What is the Tick-Start protocol of DORA?
👉 Ans. A method to start a new round of agreement without waiting for earlier rounds to finish.
Supra Mission 8 :
What is the purpose of agreement distance in DORA?
👉 Ans. To ensure accuracy in the final result.
Supra Mission 9 :
How do Supra’s price feeds make DeFi better?
👉 Ans. All of the above
Supra Mission 10 :
Who does cross-chain interoperability help?
👉 Ans. All of the above
Supra Mission 11 :
Why is cross-chain interoperability challenging?
👉 Ans. All of the above
Supra Mission 12 :
What are the three key characteristics of good randomness for Web3?
👉 Ans. Unpredictable, unbiased, verifiable
Supra Mission 13 :
How does Supra VRF achieve a decentralized process?
👉 Ans. By utilizing a threshold signature generated by a randomized VRF committee
Supra Mission 14 :
Which of the following is true about the impact of Supra VRF on Web3 gaming?
👉 Ans: Ensuring fair and unpredictable outcomes
What is the purpose of randomization in DORA?
👉 Ans. It secures the protocol from manipulation
Supra Mission 15 :
How much discount does SNAP offer dApps for the first 6 months?
👉 Ans. 100% Off
Supra Mission 16 :
Q. How much can SNAP affiliates make?
👉 Ans. There’s No limit
Q. How are the affiliate earnings paid out?
👉 Ans. Partly in USDC and partly in $SUPRA
Q. Which projects can be referred by SNAP Affiliates?
👉 Ans. Any project on available networks
Supra Mission 17 :
How much value was stolen from bridges in 2022 alone?
👉 Ans. :Over $2 billion USD
What are bridges used for?
👉 Ans: To move between two unique blockchains
What’s the weakest link in the blockchain world?
👉 Ans:Bridges between two or more unique blockchains
Supra Mission 18 :
Q. What is the primary advantage of Supra’s HyperNova over traditional bridges in cross-chain transactions?
👉 Ans. It preserves Layer 1 security guarantees through the entire transaction cycle
Q. Where does HyperNova’s cross-chain bridgeless technology get its security from?
👉 Ans. 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?
👉 Ans. Yes, you can easily send assets to more than one chain
Supra Mission 19 :
Q. How does Supra HyperNova impact the risk-reward equation for cross-chain DeFi traders?
👉 Ans. It levels the playing field by removing conventional bridge-related risks
Q. How does Supra HyperNova benefit DeFi traders in cross-chain scenarios?
👉 Ans. By preserving the security guarantees of the source chain
Q. How does Supra HyperNova achieve cross-chain interoperability without compromising security?
👉 Ans. By translating the source chain’s proof into a universally verifiable proof
Supra Mission 20 :
Q. How does Supra’s HyperNova benefit multi-chain gaming?
👉 Ans. It can expand the player pool across different blockchains
Q. How does Supra’s HyperNova provide beyond just bridging assets in Web3?
👉 Ans. Universal translation and communication between blockchains
Q. How does Supra’s HyperNova transform Web3?
👉 Ans. By cryptographically connecting blockchains and their communities across Web3
Supra Mission 21 :
Q. How many utilities of the $SUPRA token are explained in this mission?
👉 Ans. Six
Q. How does the $SUPRA token encourage long-term user loyalty?
👉 Ans. It rewards loyalty with discounted access to network services
Q. How does the $SUPRA token contribute to network security?
👉 Ans. Users can lock their tokens to enhance network security and earn rewards
Supra Mission 22 :
Q. How does the $SUPRA token extend its utility beyond its native network?
👉 Ans. By integrating with 40+ different blockchain networks and counting
Supra Mission 23 :
Q. Why is tokenomics important in blockchain projects?
👉 Ans. It helps align incentives, promote participation, and foster decentralization
Q. What does tokenomics refer to in the blockchain context?
👉 Ans. The economic principles underlying the creation and operation of digital tokens
Q. What does the $Supra token promote decentralization?
👉 Ans. By involving the community and active participants in its tokenomics
Supra Mission 24 :
Q. Which digital token can be used to participate in the sale?
👉 Ans. ERC-20 $USDC
Q. What is the benefit for Blast Off players in this token sale?
👉 Ans. They get to skip verification and KYC steps during the public sale
Supra Mission 25 :
Q. How does Moonshot’s rapid block finality and increased throughput benefit various use cases on the blockchain?
👉 Ans. It improves performance across all blockchain use cases it reaches
Q. How does Supra’s Moonshot improve speed and performance impact blockchain applications?
👉 Ans. 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?
👉 Ans. Over 54%
Supra Mission 26 :
Q. When Moonshot consensus is integrated into Supra’s network, what does it boost?
👉 Ans. All of Supra’s protocols and services
Q. Which term best describes Supras network that integrates multiple infrastructural and interoperability solutions?
👉 Ans. IntraLayer
Q. What is the Moonshot consensus improvement over the current leading consensus mechanism?
👉 Ans. It`s 54% faster in finality latency and 40% better in block throughput
Supra Mission 27 :
Q. How does the Supra Network manage its node groups’ involvement in different services?
👉 Ans. Randomly assign and regularly reshuffle nodes in sub-committees
Q. What does Supra refer to the smaller node groups within its network as?
👉 Ans. Clans
Q. What does the Supra Network’s approach to service security and decentralization resemble?
👉 Ans. Decentralized microservice architecture
Supra Mission 28:
Q. Which term is used to describe Supra’s bridgeless cross-chain communication capabilities?
👉 Ans. HyperNova
Q. What is Supra’s role as an IntraLayer in the Web3 landscape?
👉 Ans. Infrastructure and interoperability hub
Q. How is Supra transforming the Web3 landscape for builders?
👉 Ans. By providing essential services on a decentralized, interoprable network
Supra Mission 29 :
Q. Who are the providers in the context of liquidity pools, and what role do they play?
👉 Ans. Community members providing liquidity in exchange for fees
Q. What role do liquidity pools play in the decentralized finance(DeFi) space?
👉 Ans. Facilitate trade and exchange of cryptocurrencies and digital assets
Question: Why are liquidity pools considered decentralized in nature?
👉 Ans. Community-provided liquidity from a distributed network of providers
Supra Mission 30:
Q. Why are pre-existing liquidity pools stranded on their blockchains?
👉 Ans. Because they have no native way to reach other blockchains
Q. What problem does Supra aim to solve with its Cross-chain Liquidity Network?
👉 Ans. Fragmentation of liquidity pools across different blockchains
Question : Why do we need liquidity pools connected across different networks?
👉 Ans. To let anyone move freely across blockchains with their assets and token
Supra Mission 31 :
Q. What key benefits will Supra’s Cross-chain Liquidity Network provide to DeFi users?
👉 Ans. Faster and smoother trading experiences across an interconnected Web3 landscape
Q. What will be the primary focus of Supra’s Cross-chain Liquidity Network?
👉 Ans. Opening DeFi doors across all chains
Q. What core DeFi principle will Supra’s Cross-chain Liquidity Network reinforce?
👉 Ans. Enabling more widespread decentralization across blockchains.
Supra Mission 32 :
Q. How does Supra’s Cross-chain Liquidity Network solve price gaps across different DeFi marketplaces?
👉 Ans. By integrating Supra’s decentralized cross-chain oracle
Q. What risk do liquidity providers face in the current state of isolated DeFi markets?
👉 Ans. Impermanence loss for liquidity providers
Q. What is one of the main objectives of the price discovery mechanism in Supra’s Liquidity Network?
👉 Ans. Fairer and more accurate prices
Supra Mission 33 :
Q. In a proof-of-stake network, what term is used for the phenomenon similar to Miner Extractable Value and Oracle Extractable Value?
👉 Ans. Maximal Extractable Value
Q. Why are oracles considered crucial in the context of Oracle Extractable Value?
👉 Ans. 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?
👉 Ans. Minner
Mission 34 :
Q: How does Supra address the challenges posed by Oracle Extractable Value
👉 By cutting out oracle latency and predictability with DORA
Q: Why did Supra need to solve the problem of OEV?
👉To prevent the theft of value from well-meaning traders
Q: What does OEV stand for in the context of the mission?
👉 Oracle Extractable Value
Mission 35 :
Q : What does DFMM stand for, according to the mission?
👉 Dynamic Function Market Maker
Q: What inherent drawbacks and risks does the AMM model still face in DeFi?
👉 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?
👉 To eliminate the need for a centralized matching agent.
Mission 36 :
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: Where does DFMM get its price information from?
👉 Answer: Supra Oracles and a decentralized virtual order book
Mission 37 :
Q: Why does Supra anticipate service fees for protocols like oracle and VRF to decline in the long run?
👉 The inevitable trend in tech towards lower fees for services
Q: Who benefits from Supra’s cross-chain liquidity network?
👉 Liquidity providers, dApp builders, and the Supra network
Q : 3 How does the Supra network plan to generate revenue in the future?
👉 Answer: Generating revenue from cross-chain liquidity.
Mission 38 :
How does the Supra network plan to generate revenue in the future?
👉 Answer : Revenue from cross-chain liquidity
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
Who benefits from Supra’s cross-chain liquidity network?
👉 Answer : Liquidity providers, dApp builders, and the Supra network
Mission 39 :
Q : Why is liquidity is crucial in Web3?
👉 Answer : To enable smooth asset exchange
Q: What is the primary incentive for node operators to provide liquidity?
👉 Answer : Earning both block rewards and liquidity fee-share
Q: How will Supra encourage dApps to access their services?
👉 Answer : Free access to services by staking in-demand tokens
Mission 40 :
Q: What network design breakthrough does Supra utilize for its multi-service integration?
👉 Answer : Tribes and Clans
Q: Why does Supra’s vertical integration matter for blockchain development?
👉 Answer : It provides a seamless developer experience
Q: What is the core consensus technology that powers the Supra network?
👉 Answer✅Moonshot consensus
Mission 41 :
Q:How does Supra’s Web3 automation handle cross-chain conditions?
👉 Answer : With Supra’s natively integrated cross-chain communication via HyperNova
Q: What does Supra’s Web3 automation aim to become a headquarters for?
👉 Answer : Cross-chain DeFi and Automation
Q:How does Supra’s Web3 automation differ from other off-chain automation mechanisms?
👉 Answer : It integrates natively into Supra’s Layer 1, oracle, and HyperNova
Mission 42 :
Q: What is the ultimate goal of Supra’s grand design for the blockchain?
👉 Answer :To integrate all qualities and services into one super chain
Q: What does Supra aim to do with its ultimate super chain?
👉 Answer :Creating a vertically integrated all-in-one blockchain
Q: What is the significance of vertical integration in Supra’s design?
👉 Answer : It gives devs a simpler all-in-one platform to build on
Mission 43 :
Q : What is a key benefit of building with Supra’s vertically integrated super chain?
👉 Answer : Seamless integration of services with uniform security guarantees
Q : How does Supra’s ultimate super chain differ from modular chains?
👉 Answer : Supra integrates all essential services and functions into one network
Q : What is the key benefit of Supra’s ultimate super chain for developers?
👉 Answer : Harmonized stack for building dApps
Mission 44 :
Q : How is Supra simplifying the journey for developers, as mentioned in the mission?
👉 Answer : By providing a unified stack with vertical integration of multiple blockchain services
Q : What upcoming Supra service combines the power of Supra Oracles and HyperNova to automate complex cross-chain transactions?
👉 Answer : Supra’s automation network
Besides smart contract platforms, what essential services do apps need that Supra gives devs which traditional blockchains don’t?
👉 Answer : Native oracles, randomness, cross-chain comms, and automation
Mission 45 :
How does Supra’s Proof of Efficient Liquidity (PoEL) model differ from traditional approaches in attracting staked capital?
👉 Answer : By letting AMM liquidity providers stake their locked liquidity
Q: Why is attracting staked capital crucial for the security of a PoS blockchain?
👉 Answer : To secure the blockchain and its database of transactions
Q:What is the role of validators in a Proof of Stake (PoS) network?
👉 Answer : Confirming transactions
Mission 46 :
Q:How does Supra’s Proof of Efficient Liquidity protocol boost the network’s security?
👉 Answer :It integrates assets submitted to liquidity pools to diversify the asset base of network security
Q: How does Supra’s Proof of Efficient Liquidity protocol offer dual-rewards for token contributors to the network?
👉 Answer : It helps them earn both AMM fees and staking rewards with the same capital
Q: Which elements of Supra’s blockchain does the Proof of Efficient Liquidity protocol revolutionize?
👉 Answer : Capital efficiency of the network’s cross-chain AMM and staking mechanism
Mission 47:
Q: What does "desirable capital" mean in Supra’s PoEL Protocol?
👉 Answer : Assets that bring resilience against devaluation and are in high demand for trading.
Q: What is the primary purpose of Supra’s Proof of Efficient Liquidity Protocol?
👉 Answer : To maximize utility of capital across both network security and AMM
Q : How does Supra’s PoEL Protocol bring unique protection against weakening of the network security due to devaluation of staked assets?
👉 Answer : By incentivizing limited diversification of the asset base staked in the network
Mission 48 :
Question 1: How does Supra’s PoEL Protocol incentivize users to provide more stable assets?
👉 Answer: By allocating more staking tokens to liquidity providers of stable assets
Question 2: How does Supra’s Proof of Efficient Liquidity (PoEL) Protocol attract the right digital assets to achieve its objectives?
👉Answer:By adjusting rewards, interest rates, and collateralization rates based on user activity and asset quality.
