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:_Want more in-depth content?1) Support us on our Patreon: www.patreon.com/economicsdesign2) [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/discordTwitter – https://twitter.com/econsdesignReddit – https://reddit.com/u/economicsdesign