IRON Finance

IRON Finance

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IRON - A Partial Collateralized Stablecoin on Binance Smart Chain
To be announced
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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:
29 968
VERY HIGH
Tweets:
342
HIGH
Fake Users Detected:
5.60%
30 Days Growth:
1835
Members:
22 749
VERY HIGH
30 Days Growth:
-1414
Alexa

Rank:
23 857
VERY HIGH
Delta:
-362 354
Year commits:
1 950
Watchers:
19
Stars:
46
Forks:
139
Open issues:
4

IRON Finance Last News

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