The purpose of this risk framework is to contribute to higher risk standards within DeFi. It will focus on the market, counterparty, and smart contract risks for the currencies utilized on the Iron Finance protocol.
An effective risk management framework seeks to protect Iron Finance’s capital base and earnings without hindering growth. Risk management enables key stakeholders to understand and respond to the risks that may affect business objectives’ effectiveness and efficiency.
The use of Iron Finance involves risks. Only invest what you can afford to lose. By using this application, you acknowledge and take responsibility for the risks involved. The possible risks include, but are not limited to, the following:
Iron Finance smart contracts are in the process of being audited. Please read more in the Audits page.
Sometimes, following an audit, there may be updates to a smart contract. These changes will be thoroughly documented, but in the interest of risk disclosure, be aware of the audit date compared to the last time a contract was updated.
Users of the Iron Finance Protocol (including but not limited to IRON Stablecoin, IronSwap, IronLend, and Governance Staking) understand and accept that the software, technology, and technical concepts and theories applicable to the Iron Finance Protocol are still unproven and there is no warranty that the technology will be uninterrupted or error-free. There is an inherent risk that the technology could contain weaknesses, vulnerabilities, or bugs causing, among other things, the complete failure of the Iron Finance Protocol and/or its component parts.