How did IRON Finance crash 100% within a day? What went wrong with its mechanisms and economic design, and how is it different from FRAX, which we recently reported to be the best among 8 different stable coins? We dive into the tragedy of IRON in this episode.
p.s. Thanks once again to Fernando for processing the audio used here!
Timestamps:
0:00 – Intro & Contents
0:32 – Iron Finance explained
1:13 – IRON vs FRAX
2:43 – Causes of failure: Uncontrolled Supply
4:07 – Causes of failure: TITAN & IRON relationship
4:44 – Causes of failure: TITAN Mechanism Design
7:31 – Three Opinions
9:31 – More resources & how to support us!
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*Disclaimer*
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.
#DeFi #economicsdesign #tokeneconomics #tokenomics #iron #titan
