Stable or Gone
Organization record
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Record sog_issuer_iron_finance

Iron Finance

DeFi protocol ecosystem behind the original IRON partially collateralized stablecoin and TITAN share token.

Category
Protocol or software system
Regulatory character
Protocol or decentralized system
Jurisdiction
Unknown or not publicly resolvedUnknown or not publicly resolved
Connected assets
1
Relationships
0 current1 historical
Evidence
6 source records

Identity and taxonomy

Overview

Public classification, legal-form state, jurisdiction, roles, confidence, and review state remain explicit.
Organization categoryProtocol or software system
Canonical organization typeDeFi Protocol
Legal formNot recorded in canonical data
Legal-form stateNot Recorded
Regulatory characterProtocol or decentralized system
JurisdictionUnknown or not publicly resolved
Jurisdiction scopeUnknown or not publicly resolved
Functional rolesProtocol operator
Relationship statesEnded relationship
Primary display relationships1
Official websitehttps://iron.finance/
Record confidenceHigh
Last reviewed2026-06-14
Category
Protocol or software system
Regulatory character
Protocol or decentralized system
Jurisdiction
Unknown or not publicly resolved
Jurisdiction scope
Unknown or not publicly resolved
Functional roles
Protocol operator
Record confidence
High

Connected assets

Relationships

Current, ended, and unknown relationships remain separate. Primary display is navigation only.
StablecoinSymbolFunctional roleDisplayFromUntilStateLifecycle
IRONIRONProtocol operatorPrimary displayNot yet recorded2021-06-16Ended relationship

IRON

Primary display
Role
Protocol operator
State
Ended relationship
From
Not recorded
Until
2021-06-16

Material history

Events

Typed events and organization control actions remain linked to evidence.
DateEventCategorySubtypeStatus effect
2021-06-16IRON V1 collapses during a bank run and TITAN price failureDepeg and peg stressDepegCollapsed or failed
2021-05-18Iron Finance launches a separate IRON deployment on PolygonLaunch and introductionLaunchRemained active
2021-03-06Iron Finance launches the original IRON protocol on BSCLaunch and introductionLaunchRemained active

Provenance

Evidence

Source identity, publication date, reliability, archive state, and relation count remain separate.
6 source identities · 6 evidence relations
SourcePublisherSource categoryProvenancePrimary or secondarySupported claimsArchiveReliability
Iron Finance post-mortem — 17 June 2021
Published 2021-06-17		Iron FinanceOfficial statement or announcement
Canonical: Official Statement		Subject-controlled sourcePrimary sourceCollapse Postmortem, Mechanism Failure, Event DateArchive index or wildcardHigh
Runs on Algorithmic Stablecoins: Evidence from Iron, Titan, and Steel
Published 2022-06-02		Board of Governors of the Federal Reserve SystemResearch or security report
Canonical: Research Report		Independent third-party sourceSecondary sourceMechanism and Run Analysis, Collateral Model, Depeg EventArchive index or wildcardHigh
IRON token contract on Polygon
Published Not yet recorded		PolygonScanOn-chain record or explorer
Canonical: Onchain Contract		Technical primary sourcePrimary sourceContract Identity, Polygon DeploymentNo archive recordedHigh
IRON: The first partial-collateralized stablecoin on Binance Smart Chain
Published 2021-03-04		Iron FinanceOfficial statement or announcement
Canonical: Official Blog		Subject-controlled sourcePrimary sourceLaunch Date, Bsc Launch, Minting, Redemption, Liquidity Rollout, Original Bsc Public LaunchArchive index or wildcardHigh
Iron Finance Expansion to Polygon
Published 2021-05-16		Iron FinanceOfficial statement or announcement
Canonical: Official Blog		Subject-controlled sourcePrimary sourcePolygon Launch Date, Separate Deployment, Usdc Titan Collateral, Bsc Predecessor, Polygon Network Launch and Separate Token SetArchive index or wildcardHigh
IRON Stablecoin Launch — 25 August 2021
Published 2021-08-24		Iron FinanceOfficial statement or announcement
Canonical: Official Blog		Subject-controlled sourcePrimary sourceV2 Launch, Redesigned Collateral Model, Post Collapse Successor Boundary, Post Collapse Redesigned V2 LaunchArchive index or wildcardHigh

Uncertainty

Known unknowns

Reviewed gaps remain visible instead of being converted into false certainty.

bnb_contract_first_mint_and_final_lifecycle

The original BSC public launch is fixed to 2021-03-06, but the complete BSC contract identity, exact first mint, supply history, and final deployment lifecycle are not normalized.

Severity
Medium
Last checked
2026-06-25

Do not copy Polygon contract identity or collapse metrics onto the BSC deployment.

residual_contract_and_liquidity_state

Residual balances, pools, redemption functions, and later reuse of Iron Finance contracts were not exhaustively reviewed.

Severity
Medium
Last checked
2026-06-14

Residual contract activity does not constitute recovery of the original stablecoin.

v1_v2_token_and_liability_continuity

Iron Finance launched a redesigned IRON v2 in August 2021 after stating that the stablecoin would be rebuilt from scratch. Token-contract continuity, holder migration, liability continuity, and the final v2 lifecycle are not normalized.

Severity
High
Last checked
2026-06-25

Do not treat the v2 launch as recovery of the original failed BSC or Polygon deployment without separate evidence.

Maintenance

Corrections and further reading

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