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Project Introduction
Iron Finance is a Stablecoin protocol. The Iron protocol has two tokens: IRON and STEEL.STEEL - is an algorithmic marker that accumulates Seigniorage income and excess collateral value.IRON is a Stablecoin linked to US $1, partly supported by BUSD, USDT and other collateral, and partly supported by the STEEL algorithm. The ratio of collateral to algorithm, also known as collateral ratio (CR), depends on the market pricing of IRON.The ratio of collateral assets to algorithmic assets will depend on the market price of IRON. If IRON>$1, it means that the market has a high demand for IRON, and the system can release the mortgage by reducing CR. If IRON
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