IRON Finance

IRON Finance

Created using Figma
Created using Figma
IRON - A Partial Collateralized Stablecoin on Binance Smart Chain
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Virgox
    IRON/USDT 8 months ago
    $ 1.00
    $ 4.077 K
    -
    -
  • PancakeSwap (v2)
    IRON/BUSD one year ago
    $ 1.01
    $ 119.80
    -
    -
  • PancakeSwap (v2)
    IRON/WBNB one year ago
    $ 0.4259
    $ 10.77
    -
    -
To be announced
Token Details
Ticker
ICE
Additional Details
Categories
Platform

About IRON Finance

What is a Stablecoin? A Stablecoin is a digital asset pegged to a traditionally stable fiat currency like the US Dollar. The use of stablecoins in Decentralized Finance (DeFi) is considered a cornerstone for smart investing. Stablecoins provide an excellent way to hedge during times of market instability. Stablecoins are also used as a safer and consistent valued token in trading pairs when added to Liquidity Pools. The primary use of stablecoins is centered around its stability and predictability in a traditionally volatile crypto coin market. It offers DeFi users, especially traders, a hedge against volatility and provide stability when farming token pairs.

There are a few methods of issuing a stablecoin that can maintain a consistent market value peg. Some Stablecoins are entirely Fiat backed(USDC), others are crypto-collateralized(DAI), there are also some algorithmically stabilized(Basis, ESD, DSD). The issue with Fiat-backed stablecoins is that they are not 100% decentralized(USDC) and crypto-collateralized stablecoins(DAI) have issues with over-collateralization. The purely algorithmic stablecoin protocols (Basis, ESD, DSD) provide a very noble solution to maintain the consistency of stablecoins with out any Fiat backed assets. The issue with these purely algorithmically backed stablecoin protocols is their tendency to overreact during a big but quick correction in the market. This results in many of these algo-stablecoins ending up in a dead zone and struggle to return to their peg. The answer lies in utilizing a bit of each approach to creating a true decentralized stablecoin.

Activity

Followers:
29 670
VERY HIGH
Tweets:
503
VERY HIGH
30 Days Growth:
-165
Members:
9 813
HIGH
30 Days Growth:
-403
Year commits:
21
Watchers:
19
Stars:
59
Forks:
184
Open issues:
8
$ 0.9718
0.09%
Crypto Stats
Daily, %:
0.09%
Weekly, %:
0.21%
Monthly, %:
-1.73%
Market Info
Market Cap:
Volume 24h:
$ 43.34
Circ. Supply:
Ticker:
IRON
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