Iron Finance, the financial services platform formerly known as IronFX, has announced that it will relaunch with a new name and a focus on cryptocurrency trading.
Iron Finance is one of the first regulated forex brokers in the world which embraces the latest technologies. The company’s rebranding is an indicator of its strong commitment to remain ahead of competitors for many years to come.
Today is July 12th, just over a month since Iron Finance relaunched with great success. They’ve already secured $1 million in investments within a few hours of opening again.
The past month has been a period of monumental effort on the team’s part. We want to thank our community for their continued enthusiasm, investment and belief in Iron Finance. This is a pivotal point, where we as the team have completed rebuilding the new, more robust platform.
The StableSwap product was launched after the website was opened, allowing users to deposit their funds into the IronSwap AMM.
In the minutes leading up to the launch of farming, over $80M had already been locked in StableSwap.
Over 1.4 billion dollars in value is locked on the platform as I write this article:
The IronSwap is an automated market maker that has been designed for stablecoin swaps. It will help to provide liquidity to the cryptocurrency market through a highly efficient process that will be powered by an AI algorithm.
Similar to Curve, it allows users to pair coins with equal peg values and profit from incurred trading fees. StableSwap bonding curves allow users to swap their coins with 100x capital efficiency in order to avoid price slippage.
StableSwap charges 0.01% on trades, which is the lowest rate of any other broker. The ICE token can be earned by staked in IRON’s farm contract, which has fees accrued from StableSwap.
Iron finance relaunches with a new name and a focus on cryptocurrency trading. The company’s rebranding is an indicator of its strong commitment to remain ahead of competitors for many years to come. We are looking forward to the launch of IronLend and governance staking in July, as well as the launch of additional products for the Iron Finance ecosystem.