IRON Stablecoin (IRON)

$0.9891 -0.2%
market capn/a
24hr. volume$130,633

About $IRON

Stablecoin - a digital asset that is pegged to fiat currency - is considered as the most important cornerstone in DeFi. Stablecoins provide an excellent method to park money during trading or to use as a base currency. The most prominent use case of stablecoins is stability and how it helps cryptocurrency users, especially traders, hedge against volatility. There are several types of stablecoins, including fiat-backed, crypto-collateralized, and algorithmically stabilized stablecoins. While fiat-backed stablecoins are not 100% decentralized, crypto-collateralized stablecoins like DAI have issues of over-collateralization. On the other hand, purely algorithmic protocols such as Basis, ESD, DSD and others provide a very noble solution to establish stablecoins with no backed assets. The issue with purely algorithmic protocols is their ability to react on volatility, which results in many of these algo-stablecoins ending up in deadzone. Inspired by FRAX - the unique fractional-algorithmic stablecoin on Ethereum, using the same design, we’d like to introduce IRON, the first partial-collateralized stablecoin on Binance Smart Chain. Iron protocol will have 2 tokens: IRON and STEEL. STEEL - Iron Share - is the algorithmic token which accrues seigniorage revenue and excess collateral value. IRON is a stablecoin pegged to $1, partially backed by collateral like BUSD, USDT and partially backed algorithmically by STEEL. The ratio of collateralized and algorithmic, so called Collateral Ratio (CR), depends on the market pricing of IRON. The ratio of collateralized and algorithmic assets will depend on the market price of IRON. If IRON > $1, meaning the market's demand for IRON is high, the system can de-collateralize by decreasing the CR. If IRON <$1, the market's demand for IRON decreases, the system will gradually increase the CR back to 100%.

Where to Trade IRON Stablecoin (IRON)

ExchangeSyncPrice24hr $VOL$TVL$TVL 24hr Chg
Sushi
recently$0.989$130,633$421,682
+$847
QuickSwap
recently$0.990$62,538$95,283
+$331
PolyZap
recently$1.215$0$4
$0

Top Pairs for IRON - Polygon DEXs

ExchangePair$Volume(24hr)
$Rev_toPool
Pool APR$USD Reserve
Sushi
IRON-USDC
$122,368
+$612
13.8%
$806,971
($1,126)
QuickSwap
IRON-USDC
$62,592
+$313
30.0%
$189,116
($442)
Sushi
IRON-WETH
$6,188
+$31
24.5%
$22,049
($516)
Sushi
IRON-WMATIC
$1,989
+$10
20.0%
$8,081
($100)
Sushi
IRON-TITAN
$0
--
0.0%
$3,170
+$35
DFYN
IRON-USDC
($238)
--
-10.9%
$1,002
+$999

Donate: