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

Om Podcasten

We talk about the design of economic systems. This could be video game simulated economy or real business world like frequent flyer points system or blockchain based token economy. 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) Newsletter: https://economicsdesign.substack.com Connect with us and the ED community: Discord – https://discord.gg/ZqgpzdbZP2 Twitter – https://twitter.com/econsdesign