Inverse Finance (INV) price has increased today.
The price of Inverse Finance (INV) is $32.93 today with a 24-hour trading volume of $1,102,822.67. This represents a 21.40% price increase in the last 24 hours and a 31.10% price increase in the past 7 days. With a circulating supply of 240 Thousand INV, Inverse Finance is valued at a market cap of $7,899,692.
What is INV?
INV is the governance token for Inverse Finance.
How to obtain INV?
You can purchase INV from Uniswap.
What is Inverse Finance?
Inverse Finance is a yield aggregator and a lending protocol.
What are vaults?
Inverse Finance allows users to deposit stablecoins and earn yields in the form of chosen assets such as ETH, wBTC, and YFI. Essentially this allows users to Dollar Cost Average (DCA) their stablecoins’ yield into the chosen assets.
Like other yield aggregators, it is more gas efficient to deposit into the vaults than manually selling the yield into the chosen assets.
Inverse Finance utilizes Yearn Finance V2 vaults as the yield generator.
What is Anchor?
Anchor is a money market, forked from Compound with some changes. Other than allowing borrowing and lending of assets, users can mint DOLA - a stablecoin pegged to USD.
In the Stabilizer component, DOLA is pegged with DAI 1 to 1. Users can switch DAI into DOLA and vice versa. This is similar to the PSM module by MakerDAO designed to stabilize the value of DAI.
How does Inverse Finance plan to leverage DOLA?
INV is expected to be a backstop token for DOLA. This allows the DAO formed by INV token holders to act as institutional DOLA lenders. The DAO can mint DOLA and use it to finance lenders by offering uncollateralized loans. The borrowers can either use DOLA as collateral to borrow other tokens from Anchor or use it directly as a stablecoin. If the borrower defaults, INV would be minted to settle the debts.
When Achor grows into having a highly liquid and diverse pool of borrowable assets and sufficient DOLA liquidity on AMMs, Inverse DAO can capture yield opportunities by following these steps:
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Inverse DAO finds a yield opportunity generated by another protocol.
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The DAO mint DOLA.
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If the required asset is a stablecoin, the DAO swaps DOLA to the stablecoin using Curve. If not, it uses DOLA as collateral on Anchor to borrow the required asset.
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The DAO uses the asset to generate yield.
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After earning the profit, the DAO repays the borrowed assets and burns the minted DOLA amount.
The generated profit would be kept in the DAO treasury.
Where can you buy Inverse Finance?
INV tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade Inverse Finance is Coinbase Exchange, where the most active trading pair INV/USD has a trading volume of $864,854.27 in the last 24 hours. Other popular options include Balancer V2 and Sushiswap.
What is the daily trading volume of Inverse Finance (INV)?
The trading volume of Inverse Finance (INV) is $1,082,792.30 in the last 24 hours, representing a 523.00% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for Inverse Finance (INV)?
The highest price paid for Inverse Finance (INV) is $2,075.09, which was recorded on Mar 07, 2021 (over 2 years). Comparatively, the current price is -98.40% lower than the all-time high price.
What is the all-time low for Inverse Finance (INV)?
The lowest price paid for Inverse Finance (INV) is $24.24, which was recorded on Sep 27, 2023 (6 days). Comparatively, the current price is 35.60% higher than the all-time low price.
What is the market cap of Inverse Finance (INV)?
Market capitalization of Inverse Finance (INV) is $7,899,692 and is ranked #982 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of INV tokens (240 Thousand tokens are tradable on the market today).
What is the fully diluted valuation of Inverse Finance (INV)?
The fully diluted valuation (FDV) of Inverse Finance (INV) is $13,337,624. This is a statistical representation of the maximum market cap, assuming total number of 410 Thousand ETH tokens are in circulation today.
How does the price performance of Inverse Finance compare against its peers?
With a price increase of 30.90% in the last 7 days, Inverse Finance (INV) is outperforming the global cryptocurrency market which is up 4.00%, while outperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
What is the market sentiment of Inverse Finance today?
The community is bullish as more than 66% of users are feeling good about Inverse Finance (INV) today.
How to add Inverse Finance (INV) to MetaMask?
Adding Inverse Finance (INV) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import INV as a token. You can copy INV’s contract address (0x41d5d79431a913c4ae7d69a668ecdfe5ff9dfb68) and import it manually, or if you've installed MetaMask's chrome extension, add INV to MetaMask with one click on CoinGecko.
Add INV to MetaMask.
