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!
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!