EP 56: Iron Finance vs FRAX | 3 Reasons why IRON failed in its economics design

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. Timestamps: 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! _ Want more in-depth content? 1) Support us on our Patreon: www.patreon.com/economicsdesign 2) [Textbook] The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/ 3) Academy: https://academy.economicsdesign.com/ 4) Check out our new research site & dashboard: https://econteric.com/ 5) Newsletter: https://economicsdesign.substack.com/ _ Connect with us and the ED community: Discord – https://economicsdesign.com/discord Twitter – https://twitter.com/econsdesign Reddit – https://reddit.com/u/economicsdesign