|
532 | 532 | "m001-c-label": "A new type of credit card",
|
533 | 533 | "m001-c-explanation": "This is incorrect. Stablecoins are a type of cryptocurrency, not a credit card.",
|
534 | 534 | "m001-d-label": "A replacement for ether",
|
535 |
| - "m001-d-explanation": "This is incorrect. Stablecoins are not designed to replace ether (ETH). They are another token on the Ethereum network and are designed to have the opposite characteristic of ETH, notably its volatility.", |
| 535 | + "m001-d-explanation": "This is incorrect. Stablecoins are not designed to replace ether (ETH). They are another token on the Ethereum network designed to maintain steady value over time.", |
536 | 536 | "m002-prompt": "Which of the following is a stablecoin?",
|
537 | 537 | "m002-a-label": "US Dollar",
|
538 | 538 | "m002-a-explanation": "This is incorrect. While stablecoins can represent the US dollar, a US dollar is not a cryptocurrency.",
|
539 |
| - "m002-b-label": "Aave token", |
| 539 | + "m002-b-label": "AAVE token", |
540 | 540 | "m002-b-explanation": "This is incorrect. AAVE is a governance token for the Aave protocol, which provides marketplaces for stablecoins, but AAVE itself is not a stablecoin.",
|
541 | 541 | "m002-c-label": "Dai",
|
542 | 542 | "m002-c-explanation": "Correct! Dai is probably the most famous decentralized stablecoin, and its value is roughly 1 US Dollar.",
|
543 | 543 | "m002-d-label": "Ether",
|
544 | 544 | "m002-d-explanation": "This is incorrect. Ether is the native currency of the Ethereum network, but it is not intended to be stable.",
|
545 | 545 | "m003-prompt": "What can stablecoins be used for?",
|
546 |
| - "m003-a-label": "To shield its users from volatile changes in price", |
| 546 | + "m003-a-label": "To protect its users from volatile changes in price", |
547 | 547 | "m003-a-explanation": "Not quite. This answer is partially correct, but it's only one of the many things stablecoins can be used for.",
|
548 | 548 | "m003-b-label": "To buy things on the internet anywhere in the world",
|
549 | 549 | "m003-b-explanation": "Not quite. This answer is partially correct, but it's only one of the many things stablecoins can be used for.",
|
|
555 | 555 | "m004-a-label": "It is a token that is tied to an asset in the real world",
|
556 | 556 | "m004-a-explanation": "This is incorrect. While many stablecoins are pegged to real-world assets, this characteristic is not exclusive to stablecoins (e.g., ETH-collateralized tokens).",
|
557 | 557 | "m004-b-label": "It is a cryptocurrency token specifically designed to keep its value steady",
|
558 |
| - "m004-b-explanation": "Correct! Stablecoins are designed to keep their value relatively stable, typically pegged to assets like currencies (e.g., 1 USDC = 1 US dollar), but not all stablecoins follow this model (e.g., RAI).", |
| 558 | + "m004-b-explanation": "Correct! Stablecoins are designed to keep their value relatively stable, typically pegged to assets like currencies (e.g., 1 USDC = 1 US dollar), but not all stablecoins follow this model (e.g., RAI or HAI).", |
559 | 559 | "m004-c-label": "It is capable of being sent over the internet",
|
560 | 560 | "m004-c-explanation": "This is incorrect. While this is a capability, it is not unique to stablecoins.",
|
561 | 561 | "m004-d-label": "It can be used on the Ethereum network.",
|
|
564 | 564 | "m005-a-label": "Swap them with other tokens",
|
565 | 565 | "m005-a-explanation": "Incorrect, this is a way to get stablecoins. One of the most common ways people acquire stablecoins is by swapping their existing cryptocurrencies for stablecoins.",
|
566 | 566 | "m005-b-label": "Borrow them",
|
567 |
| - "m005-b-explanation": "Incorrect, this is a way to get stablecoins. You can borrow some stablecoins by using your existing cryptocurrencies, such as Ether, as collateral. You will need to pay the borrowed stablecoins back at some point.", |
| 567 | + "m005-b-explanation": "Incorrect, this is a way to get stablecoins. You can borrow some stablecoins by using your existing cryptocurrencies, such as ether, as collateral. You will need to pay the borrowed stablecoins back to reclaim your locked collateral.", |
568 | 568 | "m005-c-label": "Buy them from an exchange",
|
569 |
| - "m005-c-explanation": "Incorrect, this is a way to get stablecoins. Many exchanges and wallets let you buy stablecoins directly, though geographical restrictions may apply.", |
| 569 | + "m005-c-explanation": "Incorrect, this is a way to get stablecoins. Many exchanges and wallets let you buy stablecoins directly. Geographical restrictions may apply for centralized exchanges.", |
570 | 570 | "m005-d-label": "Mine them",
|
571 |
| - "m005-d-explanation": "Correct! Unlike Bitcoin, you are unable to mine stablecoins." |
| 571 | + "m005-d-explanation": "Correct! Unlike bitcoin, you are unable to mine stablecoins." |
572 | 572 | }
|
0 commit comments