Here’s the answers to the Binance liquid swap quiz.
1. “Liquid Swap” is a product developed on which of the following design principles:
AMM (Automatic Market Maker)
2. Is “Liquid Swap” a guaranteed investment?
No, a loss may incur.
3. When you provide liquidity, which of the following views is incorrect:
Any token can be added
4. In the current BUSD / DAI pool, the pool price is 1 BUSD:1 DAI. If you trade 10,000 BUSD into DAI, the system prompts you that there will be a 3% slippage in this transaction. If the transaction is successful, you will lose due to slippage:
≈ 300 USD
5. When you add 100 BUSD to a BUSD / DAI liquidity pool (the current pool ratio is 4:6 / BUSD:DAI), what tokens will you hold (if transaction fee and slippage are not considered):
A share portfolio, including 40 BUSD + 60 DAI, and the share portfolio will change in real-time.
6. When you redeem your tokens back, which of the following views is incorrect:
You can get the same amount of tokens you added.
7. Which of the following may cause transaction fees:
All of the above.
8. In “Liquid Swap” for providing liquidity, there are several situations that may cause losses:
All of the above.
9. “Liquid Swap” is NOT a guaranteed investment, after providing the liquidity, the maximum loss you may incur is:
More than 50%
10. Regarding the number of shares, the share value, cost per share, and unrealized profit and loss, which of the following is incorrect:
The number of shares changes in real-time, but the value of shares remains constant.
