How Polygon’s first billion-dollar protocol unraveled.

The dust hasn’t even settled on the collapse of the IRON stable coin —$262 million in USDC collateral is still locked in a smart contract due to an embarrassing programming bug —but I already feel like writing about it. The whole thing is funny to me, because I got out relatively unscathed. At least for me it was educational, revelatory even.

Irony Holder

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