BUSD

1. BUSD is backed 1:1 with:
Answer: Cash reserves

2. Who mints BUSD?
Answer: PAXOS

3. What can BUSD be used for?
Answer: All are correct

4. What is the total supply of BUSD?
Answer: Just over 22 billion

5. How can you purchase BUSD or Binance-Peg BUSD?
Answer: All are correct

6. What is the name of the BUSD-pegged token Binance offers on BNB Chain and other chains?
Answer: Binance-Peg BUSD

7. What fiat currency is BUSD pegged to?
Answer: U.S. Dollar

8. Which chain is BUSD minted on by Paxos?
Answer: Ethereum

9. Which of the following descriptions is incorrect？
Answer: BUSD doesn’t provide a monthly basis attestation report.

10. Who regulates BUSD?
Answer: NYDFS(New York Department of Financial Services)

Methanin yanna 👀

Q1) TrueFi’s mission is to build what?

Answer: The world’s most transparent and effective financial infrastructure to support the global credit market

Q2) What benefits does TrueFi offer its users?

Answer: All are correct

Q3) What is not a function of the TrueFi credit protocol?

Answer: Collateralized lending

Q4) Approximately how much in unsecured loans has TrueFi originated between November 2020 and December 2022?

Answer: $2 billion

Q5) What is TrueFi’s native token?

Answer: TRU

Q6) TrueFi’s native token is used to facilitate:

Answer: All are correct

Q7) What benefits does TrueFi offer its users?

Answer: All are correct

Q8) What are the benefits of launching a financial opportunity on-chain using TrueFi?

Answer: All are correct

Q9) Who can loan into TrueFi pools and portfolios?

Answer: Each pool and portfolio has its own lender selection criteria, set by the manager

Q10) How can lenders generate yields on TrueFi?

Answer: All are correct

Q11) Besides Ethereum, what other blockchain does TrueFi support?

Answer: Optimism

Q12) How can TrueFi lenders exit their loan position in a TrueFi pool or portfolio?

Answer: Exit liquidity differs depending on the opportunity, based on specifications set by the manager

Q13) What protections do TrueFi lenders enjoy against loss of capital on the protocol?

Answer: All are correct

▪️Who are Polymesh’s node operators?

Answer :  Regulated financial entities only

▪️What consensus mechanism does Polymesh use?

Answer  : Proof-of-stake

▪️Polymesh is the blockchain

Answer  : Making tokenization accessible to institutions

▪️How large is the securities market?

Answer : Hundreds of trillions of dollars

▪️What are the next steps for Polymesh?

Answer : Stablecoins, MERCAT, Integrations, NFTs

▪️Can you earn staking rewards with POLYX?

Answer  : YES

මේ සැරේ Quiz එකට කලින් answers හෝ අඩුම තරමේ ප්‍රශ්න ටිකවත් හම්බුණේ නැහැ.
This time we couldn't get any answer or at least any question of the quiz event before it starts.

අපිත් එවෙලෙ quiz එක කරලා බලලා තමයි උත්තර ටික හද හදා ශෙයා කරෙ.
So, we had to wait till the quiz starts to analyze and share the answers.


Sorry for the late.. 🫠

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