Oh &#%!@… Seriously!? Top DeFi Debacles of 2021
There were many WTF moments in DeFi this year. Here’s some choice debacles.
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Iron Finance
Iron Finance at it Again: V2 has Drawn in Over $1B With Eye-Popping Yield Farms
Less than a month after the spectacular implosion of Iron Finance’s algorithmic stablecoin, the DeFi project has relaunched a new yield farm on Polygon. Iron Finance’s IronSwap is an automated market maker (AMM) for stablecoin swaps. It aims to facilitate high-volume, low-slippage trades with low fees. For now, there’s no algorithmic insanity to deal with, …
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