Federal Reserve 2.0 | Quiz

What are the two main types of tokens used in the Frax Finance system?

FRAX and ETH

FXS and ETH

FRAX and USDC

FRAX and FXS

How does Frax use the Algorithmic Market Operation Controllers (AMOs)?

To mine new FRAX tokens

To manage assets and grow the treasury's value

To set the price of FRAX

To convert FRAX to FXS

What is the role of the FXS token in the Frax system?

It is used for making payments

It is used as a safety net to maintain FRAX's stability

It is used to stake in other DeFi projects

It is a substitute for ETH

How does Frax provide higher yield than its competitors using frxETH?

By distributing staking rewards only to users who convert their frxETH to sfrxETH

By providing equal staking rewards to all frxETH holders irrespective of their actions

By increasing the interest rates for those who hold frxETH for a longer period

By automatically converting all frxETH to sfrxETH for maximising staking rewards

Which of the following is NOT a part of Frax's growth stages as described in the article?

Establishing a 'Master Account' with the US Federal Reserve

Launching a new stablecoin, frxUSD

Introduction of the 'WETHER Program' to boost frxETH usage in DeFi

Moving towards a 100% Collateral Ratio (CR)

Building a partnership with a major global bank to increase liquidity

If the Federal Reserve were to comment on this piece, what might they add as a footnote?

"We officially endorse this investment strategy."

"The future of finance is clearly Frax!"

"We are considering replacing the US dollar with FRAX."

"Great info but ALWAYS DO YOUR OWN RESEARCH, this is not financial advice."

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