Скачать или смотреть (un)Stable Coins: The TITANic Downfall of Iron Finance

In the far reaches of the DeFi universe, on a side chain called MATIC (Polygon), yield farmers were delighted to find 1000%+ APY in yield farming stable coins at Iron Finance.

Iron Finance produced a new algorithmic, fractionally-backed stable stable coin (IRON), backed with partial reserves (in USDC) and paired with their governance token TITAN.

In a week, TITAN climbed from $4 to $60. In a day, it fell from $60 to $0. This week, we discuss the rise and collapse of Iron Finance.


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THIS VIDEO IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED UP AS A BASIS FOR INVESTMENT DECISIONS. THE VIEWS EXPRESSED IN THIS SHOW ARE OF THE HOSTS AND DO NOT REFLECT THE VIEWS OF THE MUTINY FUND OR NEWFOUND RESEARCH. THE MUTINY FUND OR NEWFOUND RESEARCH MAY MAINTAIN POSITIONS IN SECURITIES DISCUSSED IN THIS SHOW.