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Binance TRU Quiz answers
Here are all the answers to Binance's latest TRU quiz
Question 1: TrueFi’s mission is to build what?
Answer is: The world’s most transparent and effective financial infrastructure to support the global credit market.
Question 2: What benefits does TrueFi offer its users?
Answer is: All are correct.
Question 3: What is not a function of the TrueFi credit protocol?
Answer is: Collateralized lending
Question 4: Approximately how much in unsecured loans has TrueFi originated between November 2020 and December 2022?
Answer is: $2 billion
Question 5: What is TrueFi’s native token?
Answer is: TRU
Question 6: TrueFi’s native token is used to facilitate:
Answer is: All are correct.
Question 7: What protections do TrueFi lenders enjoy against loss of capital on the protocol?
Answer is: All are correct.
Question 8: What benefits does TrueFi offer its users?
Answer is: All are correct.
Question 9: Who can loan into TrueFi pools and portfolios?
Answer is: Each pool and portfolio has its own lender selection criteria, set by the manager
Question 10: How can lenders generate yields on TrueFi?
Answer is: All are correct.
Question 11: Besides Ethereum, what other blockchain does TrueFi support?
Answer is: Optimism
Question 12: How can TrueFi lenders exit their loan position in a TrueFi pool or portfolio?
Answer is: Exit liquidity differs depending on the opportunity, based on specifications set by the manager
Question 13: What are the benefits of launching a financial opportunity on-chain using TrueFi?
Answer is: All are correct.
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