DOLA

DOLA is a decentralized stablecoin issued by Inverse Finance, designed to maintain a value of one US dollar. It is intended for users who want a dollar-denominated token they can use across decentralized finance applications without relying on a centralized issuer. The stablecoin is backed by a combination of assets and debt positions rather than a simple one-to-one reserve of fiat currency.

DOLA is minted through Inverse Finance's credit and collateral mechanisms, where borrowers post assets and take on debt denominated in DOLA, giving the token its asset-and-debt-backed character. The token operates across multiple blockchain networks simultaneously, including Ethereum, Arbitrum, Optimism, Base, Fantom, and BNB Chain, meaning it is bridged or natively deployed on each of those ecosystems. No consensus algorithm is recorded for DOLA itself because it is a token layer built on top of existing blockchains rather than a standalone chain.

The data stored for DOLA does not include a fee revenue stream, so there are no figures available on fees collected, who pays them, or how proceeds are distributed within the protocol. This means fee-based measures that this site might calculate for other assets are not applicable here. What the data does show is a circulating stablecoin supply of approximately 112,668,159.58 at the point of measurement and a 30-day supply change of 8.847758 percent, which reflects how actively new DOLA is being issued or redeemed during that period.