DOLA is Inverse Finance's decentralized, debt-backed US-dollar stablecoin, minted through overcollateralized borrowing and a peg-stability module.
Key Data
| Backing | Debt-backed: overcollateralized FiRM borrower collateral plus Peg Stability Module reserve assets. |
| Redemption | Through the Peg Stability Module, reserve stablecoins can be swapped to DOLA and DOLA back to reserves at 1:1, subject to a small fee and module availability. |
| Peg Currency | USD |
Supported Networks
Cross-Chain Supply ($101M total)
Mint / Burn Mechanism
Minted via FiRM overcollateralized borrowing and Peg Stability Module swaps; burned on repayment or reverse swap.
Use Cases
Overview
DOLA is the US-dollar stablecoin of Inverse Finance. It is a debt-backed stablecoin created when borrowers draw against collateral, rather than issued against fiat reserves.
How It Works
DOLA is minted through overcollateralized borrowing in the FiRM lending market and through a Peg Stability Module that swaps reserve stablecoins for DOLA. DAO-operated contracts expand or contract DOLA supply within governance-approved limits.
Reserve Backing
DOLA is backed by FiRM borrower collateral and Peg Stability Module reserve assets held on-chain; there is no fiat reserve attestation. A separate token, sDOLA, provides yield exposure.
Supported Networks
DOLA is available on Ethereum and several additional networks.
Other USD Stablecoins
Profile compiled from issuer disclosures, regulatory filings, press releases, and financial media. Market and on-chain data sourced directly or via third-party providers. See methodology.