Binance Learn & Earn TrueFi Quiz Answers!

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Q1 TrueFi’s mission is to build what?(Select the best answer)

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

Q2 What are the benefits of launching a financial opportunity on-chain using TrueFi?(Select the best answer)

Answer: All are correct

Q3 What is not a function of the TrueFi credit protocol?(Select the best answer)

Answer: Collateralized lending

Q4 Approximately how much in unsecured loans has TrueFi originated between November 2020 and December 2022? (Select the best answer)

Answer: $2 billion

Q5 What is TrueFi’s native token?(Select the best answer)

Answer: TRU

Q6 What benefits does TrueFi offer its users?(Select the best answer)

Answer: All are correct

Q7 What benefits does TrueFi offer its users?(Select the best answer)

Answer: All are correct

Q8 How can lenders generate yields on TrueFi?(Select the best answer)

Answer: All are correct

Q9 Who can loan into TrueFi pools and portfolios?(Select the best answer)

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

Q10 What protections do TrueFi lenders enjoy against loss of capital on the protocol?(Select the best answer)

Answer: All are correct

Q11 TrueFi’s native token is used to facilitate:(Select the best answer)

Answer: All are correct

Q12 Besides Ethereum, what other blockchain does TrueFi support?(Select the best answer)

Answer: Optimism

Q13 How can TrueFi lenders exit their loan position in a TrueFi pool or portfolio?(Select the best answer)

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

Also Check: Binance SKL Quiz Answers - Binance Learn & Earn!