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Verify your account > Explore > All > Search for the profile > Current quiz > https://app.galxe.com/quest/CVEX/GCUhAthm1M?referral_code=GRFr2J7jI6m82vsiJtRba-juR-nQd8dx4pHX1wqbNhjhzuh.
This article contains the CVEX quiz answers to get get 1 OAT and 10 points in Galxe (challenge your skills).
CVEX Quiz Answers
Question: What is the primary currency used as collateral on the Crypto Valley Exchange (CVEX)?
Answer: US Dollar Coin (USDC).
Question: Which aspect of the CVEX Protocol is responsible for managing Collateral Pools, Operational Funds, and Default Funds?
Answer: CVEX Protocol.
Question: What type of market participants can benefit from CVEX’s capital-efficient environment?
Answer: A wide spectrum, from retail investors to institutional players.
Question: According to the articles, what does CVEX aim to address in the current cryptocurrency market?
Answer: Gaps in financial instruments and market practices.
Question: What is the main objective of the market maker scheme on the CVEX platform?
Answer: To ensure consistent liquidity and price stability.
Question: How are Designated Market Makers (DMMs) selected on the CVEX platform?
Answer: Based on financial robustness, trading expertise, and technological capabilities.
Question: What programming language was used to develop the CVEX Protocol’s smart contract on the Arbitrum chain?
Answer: Rust.
Question: What is the CVEX Protocol’s approach to decentralization in governance?
Answer: Governance shifts to a Decentralized Autonomous Organization (DAO) over time.
Question: What type of contracts on the CVEX Protocol allows indefinite holding of positions without expiration dates?
Answer: Perpetual Contracts.
Question: Which Time-in-Force (TIF) setting ensures that an order stays active until it is completely filled or manually cancelled?
Answer: Good ’til Cancel (GTC).
Question: What is the primary purpose of the Reduce Only mode in CVEX orders?
Answer: It ensures that an order only reduces a trader’s position, not increasing it.
Question: What are the two primary functions of the CVEX Token in the CVEX Protocol?
Answer: Governance and staking.
Question: What is the purpose of the Reserve in the CVEX Token Sale?
Answer: For liquidity incentives, market maker incentives, affiliate rewards, and future development.
Question: How does the CVEX Referral Program benefit referees?
Answer: Referees receive a 10% discount on transaction fees for a limited time.
Question: how the CVEX Protocol employs the Value-at-Risk (VaR) model.
Answer: By calculating potential losses within a specified confidence level.
Further reading
Taiko “Based rollups and decentralized sequencing” Quiz Answers
