The collapse of the IRON stable coin

Re:The collapse of the IRON stable coin by fogof on Friday June 18, 2021 @02:38AM (#27547930)

This actually surprising and doesn't make a lot of sense to me. If the oracle is just an AMM, then presumably one could get the oracle to register a nonzero value by just putting a small amount of money in the contract. As long as there aren't an infinite amount of TITAN tokens (are there?), even if all of the TITAN in existence were put into this AMM, there would still be a little money left to give TITAN a positive price and fix the issue.

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Re:The collapse of the IRON stable coin by RhodoGSA on Monday June 21, 2021 @03:16AM (#27577014)

There's a bit more to what happened than the article lets on. The contract mints to provide liquidity (supposedly). There was 1.8m tokens at the time of the crash, now theres 26Trillion. you would need all the capital in the world to get it to .1 now.

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Re:The collapse of the IRON stable coin by ikeboy on Friday June 18, 2021 @07:07AM (#27549216)

The oracle calculated the price to a certain precision, so it rounded down to 0.

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