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).

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Inverse Finance

# Inverse Finance Outstanding supply Methodology

## 1. Overview

Outstanding supply measures the total amount of DOLA stablecoin tokens currently in circulation on the Inverse Finance protocol. This metric represents the cumulative net issuance of DOLA tokens, calculated by tracking all mint and burn events from the protocol's inception. The calculation provides daily snapshots of circulating supply, converted to USD values for standardized reporting.

## 2. Data sources

- **Ethereum token transfer events**: Parsed `Transfer` events from the DOLA token contract (`0x865377367054516e17014ccded1e7d814edc9ce4`) on Ethereum
- **Token metadata**: Token decimal information and symbol data for proper amount normalization
- **End-of-day price feeds**: Daily closing prices for USD conversion of token amounts

## 3. Step-by-step calculation

### Component A: DOLA mint identification
- **Purpose**: Identifies all DOLA token minting events from the protocol
- **Logic**: Filters Ethereum token transfer events where the `from_address` is the null address (`0x0000000000000000000000000000000000000000`), indicating new token creation. Only includes non-removed events to exclude failed transactions. Each mint event captures the `block_timestamp`, `transaction_hash`, `to_address` (recipient), and `value` (amount minted)
- **Key fields**: `block_timestamp`, `value` (mint amount), `to_address`, `token_address`

### Component B: DOLA burn identification  
- **Purpose**: Identifies all DOLA token burning events from the protocol
- **Logic**: Filters Ethereum token transfer events where the `to_address` is either the null address (`0x0000000000000000000000000000000000000000`) or dead address (`0x000000000000000000000000000000000000dead`), indicating token destruction. Only includes non-removed events to exclude failed transactions. Each burn event captures the `block_timestamp`, `transaction_hash`, `from_address` (sender), and `value` (amount burned)
- **Key fields**: `block_timestamp`, `value` (burn amount), `from_address`, `token_address`

### Component C: Daily mint and burn aggregation
- **Purpose**: Combines mint and burn events and aggregates them by day
- **Logic**: Unions mint events (as positive amounts) with burn events (as negative amounts by multiplying by -1). Truncates timestamps to daily boundaries using `timestamp_trunc` function. Applies decimal correction to normalize token amounts based on the token's decimal configuration. Groups by day, chain, and token to calculate daily net mint/burn amounts
- **Key fields**: `timestamp` (daily), `amount` (decimal-corrected net change), `token_address`, `chain`

### Component D: Cumulative outstanding supply calculation
- **Purpose**: Calculates running total of outstanding supply over time
- **Logic**: Uses window function with cumulative sum (`sum() over()`) partitioned by chain and token address, ordered by timestamp. This creates a running total where each day shows the cumulative outstanding supply from protocol inception. The calculation accumulates daily net changes (mints minus burns) to determine total circulating supply at each point in time
- **Key fields**: `outstanding_supply` (cumulative amount), `timestamp`, `token_address`

### Final aggregation
- **Combining components**: The intermediate model processes the complete time series of outstanding supply values, then fills forward missing days to ensure continuous data coverage
- **Currency conversion**: Converts token amounts to USD using end-of-day price feeds, applying both decimal correction and price conversion in a single step
- **Time aggregation**: Maintains daily granularity with forward-filling to handle days with no mint or burn activity
- **Final calculation**: The final metric represents the total DOLA tokens in circulation at the end of each day, expressed in both native token units and USD value, with complete metadata for business categorization

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Circulating supply of stablecoins issued by the project.

Inverse FinanceINV

Outstanding supply

Outstanding supply

Competitive landscape

Chain breakdown