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Lesson # 3
Tokenomics & Incentives in DAOs
Blockchain Basics
1. What is the main purpose of tokenomics in a DAO?
A. To give away tokens to influencers
B. To raise money for centralized organizations
C. To define how tokens are created, distributed, and used within the DAO
D. To list tokens on exchanges as fast as possible
2. What is a key risk of poorly managed yield farming in a DAO?
A. Too much decentralization
B. Token inflation and short-term participant behavior
C. Too many users join the DAO
D. Increased staking rewards
3. Which of the following best describes a fair launch token distribution model?
A. Tokens are sold privately to early investors before launch
B. Tokens are only airdropped to influencers
C. Tokens are made available to everyone equally from the start, with no insider allocations
D. Tokens are locked for 4 years before being usable
4. In Curve's governance model, what does veCRV represent?
A. A new DAO with no governance
B. Voting energy credits
C. Vote-escrowed CRV, gained by locking CRV tokens for a period
D. An off-chain voting mechanism
5. What is one reason Uniswap’s $UNI token has faced low governance participation?
A. The token is not tradable
B. Users don’t receive airdrops anymore
C. $UNI offers no yield or financial incentive to hold
D. There is no delegation system