DOLA

DOLA is a decentralized stablecoin issued by Inverse Finance that is designed to maintain a value of one US dollar. It is backed by assets and debt positions within the Inverse Finance protocol, meaning it is created when users deposit collateral or take on debt obligations rather than being backed one-to-one by reserves of fiat currency. It is intended for users who want a dollar-denominated unit of account and medium of exchange within decentralized finance, across networks including Ethereum, Arbitrum, Optimism, Base, Fantom, and BNB Chain.

DOLA is minted through the Inverse Finance protocol when borrowers post accepted collateral, making each unit a claim against that collateral pool in a manner similar to other debt-backed stablecoins. The token itself has no native consensus algorithm or block time of its own, as it is a smart-contract asset that settles on the underlying blockchains where it is deployed. The circulating supply of 61,448,828 DOLA sits within a broader total stablecoin figure of 102,610,801.58, the difference reflecting supply that has been authorized or is pending issuance but not yet in active circulation.

The data stored for DOLA does not include a fee revenue stream, so fee-based measures such as fee yield or protocol earnings are not available on this page and cannot be calculated from the figures provided. The protocol's economic model centers on collateralized borrowing, where interest or stability fees may exist within Inverse Finance's broader system, but none of those figures are captured here. What is recorded is a 30-day stablecoin supply change of 1.96257, reflecting recent growth in the outstanding supply, and a 24-hour turnover of 0.436535 percent of market capitalization, indicating the volume of DOLA changing hands relative to its size.