Iron Bank EURO (IBEUR) price, chart, coin profile and news

Find the latest Iron Bank EURO (IBEUR) price, coin profile, news and history to get you started with Iron Bank EURO trading and investing.

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What is Iron Bank EURO?

Iron Bank Euro, or ibEUR, is a synthetic fiat digital asset that is native to the yearn.fi decentralised finance protocol. Yearn.fi is a DeFi yield-farming aggregator which allows users to deposit cryptocurrencies in search of the best rewards from liquidity mining opportunities. Users can deposit cryptocurrencies into Yearn’s “Vaults” to generate the best APY possible. However, alongside Vaults, Yearn also offers users the opportunity to use the Iron Bank, which is a lending and borrowing service.

According to Iron Bank documentation, a user can borrow digital assets from the Iron Bank buy depositing cryptocurrency collateral. All loans for individual users must be overcollateralised. Alongside individuals, the Iron Bank also offers loans to protocols. Each digital asset that can be borrowed is assigned a collateral and reserve factor. The collateral factor determines how much of a cryptocurrency can be borrowed based on the loan provided and the reserve factor determines how much interest must be paid. Alongside regular cryptocurrency assets, in 2021 the Iron Bank extended its services to synthetic fiat currencies. This extension was formally termed “Fixed Forex”. By depositing cryptocurrency collateral a user can be granted an Iron Bank EURO (ibEURO) loan. The ibEURO is a synthetic digital version of the fiat equivalent. Fixed Forex synthetic currencies, such as ibEURO, were designed so that users were no longer restricted to using USD stablecoins. All cryptocurrency and fiat prices are kept live through the use of decentralised data oracles.

Iron Bank EURO (IBEUR) is the 253rd largest cryptocurrency in the world by market cap, valued at $123,720,084. The current price of Iron Bank EURO is $1.46402, which is -0.917% lower than yesterday. Prices have ranged between $1.5265 and $1.44272 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 19, 2022 07:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Iron Bank EURO (IBEUR) price

Use our graph to track the performance of (IBEUR) over time.

Iron Bank EURO at a glance

Information last updated May 19, 2022 07:05 UTC.
Coin symbol IBEUR
Coin Marketcap AUD$123,720,084
Total IBEUR supply 120,000,000
Circulating IBEUR 120,000,000
Current price AUD$1.46402
All time high AUD$3.5642
All time high date July 24, 2021

Iron Bank EURO price performance over time

Historical prices compared with the price of $1.46402.

1 hour -0.39%
24 hours -0.92%
7 days 1.05%
14 days -3.37%
30 days -5.08%
60 days -5.77%
200 days -11.24%
1 year N/A

Disclaimer: Cryptocurrencies, including Iron Bank EURO, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of IBEUR is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Iron Bank EURO or any other cryptocurrency discussed.

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