- Please read our previous Q3 Dev Roadmap article!!!
- The stablecoin story
- $FTM & $AVAX incentives
- ICE Bridge
- DFYN x IronLend
- Other topics
The amount of innovation and product development in blockchain pushes all projects to remain fast-paced in order to keep up with the competition. DeFi moves at lightspeed and new doors of opportunity are opening daily. As a result, our Iron Finance strategy must adapt to such an environment on a quarterly and even monthly basis.
We see our advantage in being more agile than competitors and grabbing first-mover advantage opportunities. Therefore…
- Please read our previous IRON Stablecoin design article
- Launch on Wednesday, 25 August 2021 @ 9AM UTC
- Kick-off parameters revealed
- “How-to-mint” infographic included
We must build a stable stablecoin, one that retains it’s properties and attractiveness in the long-term and is strongly integrated with other Iron Finance products.
In our first article, we focused on presenting the stablecoin design. In this article, we will cover kick-off parameters and tokenomics in more detail.
IRON will have a supply cap of 50M at launch and will be increased as we grow. Implications and lessons learned:
▶ A cap…
TL;DR: Stablecoin launch, IronDAO, Cardano testnet, Insurance, Compensation.
Target release date: Wednesday, 25 August 2021
Our stablecoin design has been presented in detail last week. We want to allow ourselves another 10 days for thorough testing. We want to thank our governance community for their ongoing contribution as well as our cryptoeconomics advisor in helping us deliver a long-lasting stablecoin product.
Definitely expect another pre-launch article next week with further details and some “how-to mint IRON” examples.
We must find a compensation plan with the best fit between “Compensate A.S.A.P.” versus “Maximize compensation amounts in USD-terms for most affected users”. This article is aimed at summarizing these two topics and propose the next steps.
Over the past three weeks, the Compensation thread in our Discord has attracted literally hundreds of users who have been actively engaged in the discussions on how to design the compensation for our June incident. The following two discussion topics are:
1️⃣ What block height(s) should be taken for the snapshot?
2️⃣ How to design and execute the compensation plan?
The compensation will…
- Stablecoin launch scheduled for August
- Over-collateralized and soft-pegged
- Strong integration with IronSwap and IronLend
- A portion of collateral must be in ICE token
- Decentralized governance module for important parameters voting
- Details will be discussed in our Governance channel on Discord and Docs
- The compensation topic will come in our very next article. This article is already very packed and long 😳 Please follow our compensation thread on Discord and read the pinned messages for a tldr
1. IronLend launching with ICE incentives, August 4 @ 1PM UTC
2. Reducing ICE rewards for IronSwap stablefarm, August 4 @ 1PM UTC
3. Increasing ICE rewards for ICE/ETH and ICE/USDC farms
4. Overall, no increase in daily ICE emissions
We are proud to announce the long-awaited release of IronLend. The platform has completed testing and is fueled to launch this Wednesday, August 4!
Iron Lend is a fork of Compound on the Polygon blockchain. At launch, the lending platform will support the five most liquid blue-chip coins: BTC, ETH, MATIC, USDT, USDC. These coins were chosen due to…
Last week we announced a partnership and cross-integration of the PUSD stablecoin into the IronSwap ecosystem. This consisted of adding the PUSD-3pool pair (PUSD and USDC+USDT+DAI) to the IronSwap DEX, followed up with a 30-day PYQ liquidity incentive campaign by PolyQuity. This quickly attracted $1.5M in TVL and is currently fetching about 46% APY (at time of writing).
This integration has proven benefits for both protocols. Iron benefits from adding a quality stablecoin to its DEX, which will accrue trading fees and additional revenue for our governance stakers. Polyquity users benefit from having PUSD added to the DEX with the…
With a current reward of 11,108 USDC per day, our stakers are earning a very juicy 300%+ APR (and even more, if USDC rewards are reinvested and compounded!), creating a sustainable profit-distribution environment from the very beginning.
With the launch of the Iron Finance Governance, users are able to lock their farmed ICE tokens and receive BlueICE tokens in return. Then, fees generated from the usage of Iron Finance products are distributed to BlueICE stakers as USDC dividends.
PolyQuity is a decentralized borrowing protocol on the Polygon network which allows users to borrow the PUSD stablecoin against the MATIC token at 0% interest. PUSD is obtained by staking Matic and used to pay out loans on the PolyQuity protocol. At any time it can be redeemed against the underlying collateral at face value.
With this launch, PUSD users are tapping into nearly $500M of stablecoin liquidity consisting of USDC, USDT and DAI tokens (the IronSwap 3stables pool). This will…
We have approached the final phase of IronLend development, scheduled to go live by end of July! Supplying liquidity on IronLend will be a simple and very intuitive option for both beginners and experienced crypto holders to earn interest on their crypto assets.
IronLend will create markets for blue-chip assets on Polygon network (think of the most liquid ones), that will allow users to become suppliers and borrowers. The usage of BlueICE and ICE tokens in IronLend can be summarized in 3 categories.
We have designed the IronLend model to have lending platform fees flowing to BlueICE stakers (via USDC…