BANK RUN in DEFI - Lessons Learned From The Iron Finance Collapse

BANK RUN in DEFI - Lessons Learned From The Iron Finance Collapse

Hello and welcome to this article! Today great news, the channel Finematics has released a new video and all the editorial staff has been scotched by this last content released on June 24, 2021 on Youtube...

As some time ago, many of you had visited one of our articles about one of the last videos of the channel Finematics, we are doing it again today because we know how much it makes you happy. That's why we decided to make a post about it, because we are sure you will enjoy this new video.

Today, June 24, 2021, the Youtube channel Finematics has published a new content with the title BANK RUN in DEFI - Lessons Learned From The Iron Finance Collapse. If you want to watch this video in streaming, you have come to the right place!

This video is currently making the buzz on the internet and may end up in the Youtube trends. It was published a few hours ago by the videographer of the Youtube channel Finematics who regularly publishes videos similar to the content we are talking about today.

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For your information, you can find below the description of the video BANK RUN in DEFI - Lessons Learned From The Iron Finance Collapse published by the Youtube channel Finematics:

So what was the first large scale bank run in DeFi all about? Why is it so hard to create a working algorithmic stablecoin? And what can we learn from the IronFinance fiasco? Youโ€™ll find answers to these questions in this video.

IronFinance initially launched on Binance Smart Chain in March 2021 and aimed at creating an ecosystem for a partially collateralized algorithmic stablecoin.

As we know, building algorithmic stablecoins is hard. Most projects either completely fail or end up in a no man's land by struggling to maintain their peg to the US Dollar. Because of this, building an algorithmic stablecoin has become one of the holy grails in DeFi.

Achieving it would clearly revolutionize the DeFi space as we know it today.

The current ecosystem relies heavily on stablecoins that come with major trade-offs. They maintain their peg to the US Dollar at the cost of either centralization or capital inefficiency.

For example, the custody of USDC or USDT is fully centralized. On the flip side, stablecoins like DAI or RAI require a lot of collateral which makes them capital inefficient.

IronFinance tried to address these problems by creating a partially collateralized stablecoin - IRON.

๐Ÿ’› โ–บ https://gitcoin.co/grants/1158/finematics-defi-education

๐Ÿ“’ BSC video โ–บ https://youtu.be/iJDoc0kvXLc
๐Ÿ”ฎ Polygon video โ–บ https://youtu.be/IijtdpAtOt0
๐ŸŒพ Yield Farming video โ–บ https://youtu.be/ClnnLI1SClA
๐Ÿ’ธ Impermanent Loss video โ–บ https://youtu.be/8XJ1MSTEuU0
๐Ÿ  Yam Finance video โ–บ https://youtu.be/DXUhD8m_KMc

๐Ÿ“˜ DeFi Guide โ–บ https://finematics.com/guide-to-decentralized-finance/
๐Ÿ“– Post โ–บ https://finematics.com/bank-run-in-defi-iron-finance-explained/
๐Ÿฆ Follow Finematics on Twitter โ–บ https://twitter.com/finematics
๐Ÿ’› Support Finematics on Patreon and join our Discord community โ–บ https://www.patreon.com/finematics

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๐Ÿ“ฑ Argent Wallet โ–บ https://argent.link/finematics (affiliate)
๐ŸŒ Get your .crypto Unstoppable Domain โ–บ https://unstoppabledomains.com/r/8160a196fa7e4ac