Question 1

What is the key feature of stable tokens?

Accepted Answer

Their value remains stable.

Answer

They are highly volatile

Answer

They are always increasing in value

Answer

They are only used for long-term investments

Question 2

Which of the following is NOT a popular stable token?

Accepted Answer

BTC

Answer

DAI

Answer

USDT

Answer

Question 3

How do stable tokens maintain their stability?

Accepted Answer

Through collateralization

Answer

By price manipulation

Answer

With smart contracts

Answer

Mining rewards

Question 4

What's the main benefit of using stable tokens in DeFi?

Accepted Answer

Price stability

Answer

Volatility

Answer

High liquidity

Answer

Uncertain market value

Question 5

Which stable token has an algorithmic stability mechanism?

Accepted Answer

DAI

Answer

USDC

Answer

Tether

Answer

TrueUSD

Question 6

What tech is used to issue stable tokens?

Accepted Answer

Blockchain

Answer

Artificial intelligence

Answer

Quantum computing

Answer

Virtual reality

Question 7

Which stable token is the most popular?

Accepted Answer

Tether

Answer

DAI

Answer

Paxos Standard

Answer

USDC

Question 8

What are the two main types of stable tokens?

Accepted Answer

Collateral-backed and algorithmic

Answer

Private and public

Answer

Centralized and decentralized

Answer

Proof of work and proof of stake

Question 9

What is a key lesson learned from the depegging incident of terraUSD on May 9, 2022?

Accepted Answer

Stable tokens are not immune to bumps in the road.

Answer

Only unstable tokens face risks.

Answer

Investors should panic when values fluctuate.

Answer

Depegging incidents aren't important.

Question 10

Which of the following stablecoins does Mento Labs manage?

Accepted Answer

cUSD

Answer

USDT

Answer

USDC

Answer

DAI

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