Get DeFit with Trainer Joe

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Quiz 1 - Lending Part 1

Please confirm your Discord name (starting with @) *

1. Which of these rates compounds daily? *

1 point

Annual Percentage Rate (APR)

Annual Percentage Yield (APY)

2. After Depositing tokens to Banker Joe, what types of yield are you rewarded with? *

1 point

Deposit APY + Reward APR

Reward APY + Deposit APR

Borrow APY + Reward APY

Deposit APY + Reward APY

3. Net APY is your overall return from the Interest you are yielding, how is this sum calculated? *

1 point

Net APY = Average (Deposit APY - Borrowing APY)

Net APY = (Deposit APY - Borrowing APY) + Rewards APR

Net APY = Weighted Average (Deposit APY - Borrowing APY)

Net APY = Weighted Average ((Deposit APY - Borrowing APY) + Rewards APR)

4. If a pool contains $5K and $3.5K has been borrowed, what is the utilisation ratio? *

1 point

142%

30%

70%

5. Reserve Factor (Fill in the blank): Is a set amount deducted from earned _______ to help offset protocol risk in such events as a shortfall. *

1 point

Rewards

Interest

Flash Loans

Liquidations

6. What exactly does the Collateral Factor determine? *

1 point

Determines the max amount of Collateral you can borrow against

Determines the minimum amount of Collateral you can borrow against

7. Interest Rates are set using an algorithmic calculation, referred to as the ____________ ? *

1 point

Banker Bros Model

Utilisation Rate

Annual Percentage Yield (APY)

The Borrow and Supply APY

8. What type of token do you mint as a 'receipt', when you Deposit tokens into Banker Joe? *

1 point

xToken

yToken

jToken

sToken

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