Quiz 7 - Stablecoins

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DeFi MOOC

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Question 1 - Which of the following statements is False regarding exogenous and endogenous variables? *

1 point

Exogenous variables (independent Variables) in the context of DeFi stablecoins refer to external forces acting on the model.

Endogenous variables (dependent variables) in the context of DeFi stablecoins refer to variables that is determined by the model (inside the model)

In MakerDAO, the asset price of the collateral (ETH) is an dependent variable.

In Synthetix, the derivatives are backed by SNX collateral, and SNX is a project internal token. As a result, the price of SNX is an endogenous variable.

Question 2 - Which of the following statements is False? *

1 point

Some form of collateral must be required for stablecoins.

Reserve based stablecoins can have either full reserve or fractional reserve.

DAI is a collateral based stablecoin, where ETH is used as collateral.

WBTC token price should be pegged to BTC price.

Question 3 - Which of the following is the best strategy for liquidity providers, if USDT is blacklisted on Uniswap USDC/USDT pool? *

1 point

Liquidity provider exits the pool with USDC token, and whoever is the first to exit receives the best price.

Liquidity provider exits the pool with USDC token, and whoever is the last to exit receives the best price.

Liquidity provider exits the pool with USDT token, and whoever is the first to exit receives the best price.

Liquidity provider exits the pool with USDT token, and whoever is the last to exit receives the best price.

Question 4 - A collateralized stablecoin system maintains collateral so that when the price of the stablecoin drops, the collateral can be used to shrink the supply of coins and bring the price back up. Some projects maintain on-chain collateral (like MakerDao, which uses ETH and other asset types for collateral) while others maintain off-chain collateral (like USDT, which uses fiat currencies such as the US dollar for collateral). Which of the following statements is true? *

1 point

The price of stablecoins with on-chain collateral never depegs

The management of on-chain collateral is transparent and every transaction can be traced on Ethereum.

The supply of coins can always be shrunk in a timely manner using on-chain collateral.

None of the above

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