DOLA

DOLA Price

About DOLA (DOLA)

DOLA is a decentralized, debt-backed stablecoin pegged to the US Dollar and issued by the Inverse Finance ecosystem.

• The asset is primarily minted through borrowing against over-collateralized positions on the FiRM lending market.
• It utilizes a unique "DOLA Borrowing Right" (DBR) mechanism to enable fixed-rate borrowing for users.
• Maintenance of the peg is managed through decentralized "DOLA Feds" that actively adjust supply across various Layer 1 and Layer 2 networks.

What Is DOLA

DOLA is the core stablecoin of the Inverse Finance protocol, designed to provide a decentralized alternative to custodial fiat-pegged assets. Unlike algorithmic stablecoins, DOLA is fully backed by collateral such as Ethereum (ETH), wrapped staked ETH (wstETH), and other DeFi blue-chip assets. Value moves through the system when users deposit collateral into the FiRM lending market to mint new DOLA tokens, creating a debt-backed supply that is responsive to market demand.

Tokens can be put to work through sDOLA, a yield-bearing wrapper that auto-compounds revenue generated from the protocol's fixed-rate borrowing fees. This mechanism allows the ecosystem to scale by incentivizing the long-term holding of DOLA, which in turn increases the protocol's lending capacity. As the ecosystem grows, the DOLA Borrowing Right (DBR) system harmonizes lending demand with stablecoin liquidity, creating a flywheel effect for the Inverse Finance DAO.

What Makes DOLA Unique

• Fixed-Rate Architecture: DOLA utilizes the DBR token to allow borrowers to lock in interest rates for any duration, a departure from the variable-rate models common in other DeFi lending protocols.
• Personal Collateral Escrows: The protocol employs isolated escrow accounts for each user, ensuring that collateral is never rehypothecated or loaned out to third parties.
• DOLA Feds: These smart contracts act as decentralized monetary controllers, rapidly deploying or contracting liquidity on networks like Base and Optimism to maintain the US Dollar peg.
• Pessimistic Price Oracles: Inverse Finance uses conservative oracle safety measures to protect against flash loan attacks and price manipulation.

What Can You Use DOLA for?

DOLA is pegged to the US Dollar and serves as a digital representation of that value within decentralized finance.

• Value retention: DOLA allows users to hold a digital, on-chain representation of the US Dollar, which may reduce exposure to the volatility inherent in traditional cryptocurrency markets.
• Yield generation: Users can stake DOLA into sDOLA to earn organic yield derived from protocol service fees. This yield is generated from the DBRs spent by borrowers on the FiRM market and does not rely on centralized assets or custodians.
• Cross-border settlement / value transfer: Its availability across multiple blockchain networks enables international remittances and the frictionless cross-border transfer of US Dollar value without reliance on traditional banking intermediaries.
• Collateralization: DOLA can be used as backing for various borrowing and lending protocols or as margin for derivatives, as supported by its deep liquidity on decentralized exchanges like Curve and Balancer.

How Does DOLA Work?

DOLA operates through the FiRM (Fixed Rate Market) protocol, an over-collateralized money market. Users deposit supported crypto assets into Personal Collateral Escrows and mint DOLA against them. To manage interest, the protocol uses DOLA Borrowing Rights (DBR), where one DBR token grants the right to borrow one DOLA for one year. As time passes, DBR tokens are burned from the borrower's wallet based on their total debt.

The supply and peg are actively managed by DOLA Feds, which act as the protocol's monetary policy arm. When DOLA trades above its peg, the DAO can mint and supply more DOLA to decentralized exchanges to increase supply. Conversely, if the price falls below the peg, the protocol can contract the supply by recalling or burning DOLA from the market. Protocol service fees are paid in the form of DBR tokens, which are then redistributed to stakers and the DAO treasury.

Team Info and Investors

DOLA is governed by the Inverse Finance DAO, a decentralized autonomous organization that oversees the protocol's development and risk management. The project is community-led, with major decisions regarding collateral types, risk parameters, and peg maintenance delegated to specialized working groups, such as the Treasury and Risk Working Groups. The project launched in early 2021 and has since transitioned to a fully decentralized governance model where INV token holders vote on protocol upgrades and monetary policy.

Where can you buy DOLA?

DOLA tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade DOLA is Curve (Ethereum), where the most active trading pair DOLA/SUSDE has a trading volume of $320,051.16 in the last 24 hours. Other popular options include Uniswap V4 (Ethereum) and Uniswap V2 (Ethereum).

What is the daily trading volume of DOLA (DOLA)?

The trading volume of DOLA (DOLA) is $741,492.88 in the last 24 hours, representing a -41.00% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for DOLA (DOLA)?

DOLA (DOLA) reached an all-time high of $1.87 and an all-time low of $0.08841. It’s now trading -46.80% below that peak and 1,026.10% above its lowest price.

What is the market cap of DOLA (DOLA)?

Market capitalization of DOLA (DOLA) is $50,954,176 and is ranked #448 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of DOLA tokens (51 Million tokens are tradable on the market today).

What is the fully diluted valuation of DOLA (DOLA)?

The fully diluted valuation (FDV) of DOLA (DOLA) is $90,003,280. This is a statistical representation of the maximum market cap, assuming total number of 90 Million ETH tokens are in circulation today.

How does the price performance of DOLA compare against its peers?

With a price increase of 0.00% in the last 7 days, DOLA (DOLA) is outperforming the global cryptocurrency market which is down -0.30%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down 0.00%.

How to add DOLA (DOLA) to MetaMask?

Adding DOLA (DOLA) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import DOLA as a token. You can copy DOLA’s contract address (0x865377367054516e17014ccded1e7d814edc9ce4) and import it manually, or if you've installed MetaMask's chrome extension, add DOLA to MetaMask with one click on CoinGecko.

Add DOLA to MetaMask.