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A moment of history: Before Terra, there was Iron, an algo-stable.
June 2021 saw the first large-scale DeFi bank run.
• Minting 1 $IRON = 75% USDC + 25% $TITAN
• Redeeming 1 $IRON = Get 75% USDC + 25% $TITAN
This assumed $TITAN retains some value but that’s where the flaw was.
A moment of history is over, you can continue scrolling.

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