Fixed-rate borrowing protocol. Competitive quotes against any number of days, sourced from the deepest liquidity. Launching Q4.
Joined May 2024
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IRIS goes live in November.
Tell us the terms you have in mind.
We’ll be ready when you are.
iris.credit/inquiry/borrower
IRIS retweeted
Fixed-rate borrowing on @aave liquidity, very soon 👀
2/ IRIS goes live in November.
Tell us the terms you have in mind.
We’ll be ready when you are.
iris.credit/inquiry/borrower
IRIS goes live in Q4
Tell us the terms you have in mind.
We’ll be ready when you are.
iris.credit/inquiry/borrower
IRIS retweeted
TL;DR on the five Defi protocols:
• @mezzanine_fi: Yield vaults where you choose more yield and more risk, or less yield with other depositors taking losses before you.
• @Infinit_Labs: Let managers trade for you on Hyperliquid. Their own money takes the first losses.
• @iris_credit: Borrow using Aave/Morpho liquidity at a fixed interest rate. You know what you'll pay upfront.
• @risextrade: A fully onchain perps exchange. Other DeFi apps can build on it, combining borrowing and trading in one tx.
• @boros_fi: Bet on funding rates going up/down, or lock in the funding rate on your existing perp positions.
Final review before launch.
After two round of audits, we're opening IRIS core to the wider security community with @GuardianAudits.
A new $100,000 Guardian Defender contest with @iris_credit is now live!
IRIS brings fixed-rate, fixed-term borrowing to variable-rate lending markets.
Details on participating available below! ⤵️
IRIS retweeted
Our October 2026 RWA Vaults report is LIVE
With $20B in TVL, vaults are becoming the default wrapper for onchain asset management, yet most of that capital sits in crypto strategies paying 4-6%, leaving plenty of room to run for yield-generating RWAs >>
We've worked with Guardian since the 246 Club days.
Every engagement has been sharp, thorough, and adversarial in the best way, so choosing them for IRIS was easy.
Grateful to the @GuardianAudits team for a thorough, adversarial review of IRIS.
Two review rounds with 0 Critical and 0 High.
One step closer to launch.
Our review of @iris_credit’s lending contracts is complete, and our audit report is now live.
The contracts bring fixed-rate, fixed-term borrowing to variable-rate lending venues.
Is IRIS a lending protocol?
Let's start with what a lending protocol is. A lending protocol does two jobs :
Liquidity Layer
- One gathers capital, decides how much of it can be at risk, and holds it.
- Examples : @0xfluid Liquidity Layer / @aave Hub / @Morpho Vaults
Origination layer
- The other takes a borrower and turns what they need into a loan on stated terms.
- Examples : Fluid Lending / Aave Spoke / Morpho Markets
Replace the funding and nothing happens. We are already used to a single market having multiple liquidity sources and vaults.
Replace the origination and there is a different loan, or no loan. A liquidity layer without origination is a vault or a fund.
What's replaceable is an input and what you cannot swap is the product. And thus, in a lending protocol, origination layer IS the product.
So yes, IRIS is a lending protocol, building an origination layer with an externalized liquidity layer.
As a result, depth is every venue at once instead of one pool, price comes from whichever venue prices best, and with no pool to divide there is no calendar to defend, so a borrower who needs 37 days gets 37 days.
