Iron Finance · interactive mechanism simulation

IRON is minted from USDC + burned TITAN, and redeemed back into USDC + freshly minted TITAN priced off a lagging TWAP oracle. When redeemers dump that TITAN faster than the oracle can reprice it, every redemption mints more TITAN than the market can absorb — a self-financing bank run. Edit the parameters, or trigger the run.
Traders mint / redeem Mint & Redeem contract TCR 75% collateral ECR 75% BANK RUN IN PROGRESS USDC reserve $750,000 TITAN ledger supply: 1.00B 1.00× since launch TITAN market (spot) $10.0000 IRON peg: $1.00 TWAP oracle 10-min avg: $10.0000
Transactions simulated
0
USDC reserve
$750,000
TITAN supply
1.00B
TITAN spot price
$10.0000
IRON peg (illustrative)
$1.00
Parameters — edit me
75%
10 min
1.5/s
35%
1.5×
Controls

Illustrative simulation. Modeled on Iron Finance's fractional IRON/TITAN mechanism (Frax fork): minting burns TITAN priced at spot, redeeming mints TITAN priced off a lagging TWAP. Transaction sizes, timing, and the peg/impact formulas are simplified for visualization — not live onchain data. On 16 June 2021 mass redemptions minted TITAN faster than the oracle could reprice it, inflating supply from ~1B to ~35T tokens; "Trigger the bank run" replays that dynamic at accelerated speed. Part of The Onchain Experiment Atlas.