1. What is Orca Exchange?
A decentralized exchange (DEX) on Solana
A centralized exchange for trading cryptocurrencies
A wallet for storing Solana tokens
A blockchain gaming platform
2. What is a Whirlpool in the context of Orca?
A concentrated liquidity pool that enhances capital efficiency
A visual animation on the Orca interface
A type of staking mechanism
A market volatility indicator
3. Which blockchain does Orca Exchange operate on?
Solana
Ethereum
Binance Smart Chain
Avalanche
4. What advantage does Orca gain from being built on Solana?
Fast transactions with minimal fees
Smart contract compatibility with Ethereum
Access to more cryptocurrencies
Better security through proof of work
5. What is a Fair Price Index in Orca?
A price oracle system that helps determine fair token prices
A reputation system for traders
A method for calculating transaction fees
A tool for comparing prices across exchanges
6. What is the main benefit of concentrated liquidity in Orca's Whirlpools?
It allows liquidity providers to focus their capital within specific price ranges
It provides faster transaction confirmation
It reduces the risk of impermanent loss
It eliminates the need for gas fees
7. What is impermanent loss in the context of providing liquidity to Orca?
The loss experienced when token prices change after depositing into a liquidity pool
Transaction fees that are temporarily higher during network congestion
A glitch that sometimes occurs when swapping tokens
The time delay between initiating a transaction and its confirmation
8. What do you need to swap tokens on Orca Exchange?
A Solana wallet with SOL and the tokens you want to trade
A centralized exchange account linked to Orca
A credit card or bank account
An Orca membership subscription
9. Which of the following is NOT a feature of Orca Exchange?
Concentrated liquidity pools
Spot trading
Futures trading with leverage
Whirlpools for enhanced yields
10. What is the purpose of slippage tolerance when trading on Orca?
To set the maximum acceptable price difference due to market movement
To determine how much trading fees you'll pay
To set the speed of your transaction confirmation
To qualify for trading rewards
