Ironclad Finance sets itself apart as a decentralized, non-custodial liquidity market protocol, allowing users to engage as either depositors, who earn passive income by providing liquidity, or borrowers, who can borrow in either an overcollateralized or undercollateralized manner. While Ironclad has not yet issued its own token, it has introduced a points system, named Embers, to reward users for borrowing and lending, hinting at a future token introduction.
Value Proposition:
Ironclad Finance is a decentralized money market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion.
Governance:
Ironclad Finance currently doesn't have a formal governance process setup in place.
Tokenomics:
Ironclad currently doesn't have a token yet, but has set up their points system that will lead to a token. Users can earn extra Embers (points) via borrowing and lending.
Previous Funding:
Ironclad is a self bootstrapped protocol that has not received any external funding
