DOLA, issued by the Inverse Finance Protocol smart contracts under the governance of INV tokenholders, is a debt-backed stablecoin soft-pegged to the U.S. dollar (USD) at a 1:1 ratio and backed by overcollateralized onchain loans plus a reserve module. [S1][S2]

Holders receive a token pegged to one U.S. dollar (USD) and backed by more than 1 USD of collateral per unit, comprising overcollateralized loans on the FiRM lending market secured by assets such as wstETH, wBTC, and sUSDe in per-borrower escrows, and a Peg Stability Module that accepts USDS 1:1 and holds reserves in sUSDS. [S2][S3][S4] DOLA itself is non-yield-bearing; minting through the module is free and redemption carries a 20 basis point (0.20%) fee. [S2]

Inverse Finance is a decentralized, open-source protocol that states it is not affiliated with any central authority or organization, and it is not issued by a single corporate entity; all products are issued by smart contracts governed by INV tokenholders. [S1][S5] The holder's claim is an ERC-20 stablecoin token, not a fund interest, security, or e-money. [S2][S3] Access is open to any wallet with no KYC, and users are responsible for complying with their own local laws under an as is, no-warranty disclaimer. [S5][S3] DOLA is redeemable at par through the module against USDS, and borrowers repay DOLA to release collateral held in isolated Personal Collateral Escrows. [S2][S3]

DOLA is an ERC-20 token issued natively on Ethereum mainnet and available on Optimism, Base, and Arbitrum via bridging rather than independent native issuance. [S2][S3] Governance-authorized Fed smart contracts mint DOLA against FiRM borrowing and the Peg Stability Module within supply ceilings, and repayment burns it. [S2][S4] Settlement is instant and onchain. [S4]

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    { id: "S1", url: "https://docs.inverse.finance/inverse-finance/" },
    { id: "S2", url: "https://docs.inverse.finance/inverse-finance/inverse-finance/products/tokens/dola" },
    { id: "S3", url: "https://docs.inverse.finance/inverse-finance/llms-full.txt" },
    { id: "S4", url: "https://docs.inverse.finance/inverse-finance/inverse-finance/products/dola-feds.md" },
    { id: "S5", url: "https://docs.inverse.finance/inverse-finance/inverse-finance/about/disclaimer.md" },
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Stablecoins

Borrowers deposit funds into Inverse Finance and receive DOLA stablecoin.

Inverse Finance is a non-custodial stablecoin protocol built on Ethereum. Inverse Finance was founded by Nour Haridy and launched in 2020.

INV tokenholders own and govern the protocol. They currently take all of the fees paid by borrowers (revenue).

governance

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Stablecoin issuers

Inverse Finance

Inverse Finance DOLA (DOLA) is a U.S. dollar stablecoin issued by Inverse Finance.

Holders can mint and redeem directly with Inverse Finance in USDS.

DOLA has been issued on Ethereum as an ERC-20 token since February 2021, with bridged versions on five more.

Inverse Finance DOLADOLA

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