Iron BankPrice

(IB)

Iron Bank is a decentralized lending platform within the Web3 ecosystem that focuses on protocol-to-protocol lending. It was originally developed as an evolution of the C.R.E.A.M. Finance protocol and was designed to serve as a liquidity backbone for both decentralized and centralized finance entities. The core innovation of Iron Bank is its emphasis on capital efficiency. Unlike many retail-oriented lending platforms that require users to provide more collateral than they borrow, Iron Bank utilizes a whitelisting system. This system allows trusted and audited protocols to access undercollateralized or zero-collateral loans. This mechanism enables partner projects to implement advanced strategies, such as leveraged yield farming, without the constraints of traditional overcollateralization. The project maintains a close relationship with Yearn Finance, where it has functioned as a primary venue for Yearn Vaults to borrow assets and optimize their strategies. It has also collaborated with other prominent decentralized finance protocols, including Alpha Homora and the Keep3r Network. Technically, the platform is built to operate across several blockchain networks, including Ethereum, Fantom, Avalanche, and Optimism. The native token for the project is IB. Within the ecosystem, users who supply assets to the protocol receive iTokens, which are used to track their participation and the rewards they earn for providing liquidity. The platform relies on smart contract automation to manage its lending and borrowing operations. In recent periods, some industry tracking platforms have noted a decline in the projects active development and on-chain interactions. There have been reports that the primary web interface is no longer consistently accessible and that some data providers have moved the project to inactive status. Despite these reports, the underlying smart contracts typically remain on the supported blockchains for users who interact with the protocol through direct means or integrated third-party applications. Learn more

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