STABLE OR GONE Stablecoin history, events, and sources
Stablecoin record

DOLA

Inverse Finance's decentralized USD stablecoin, created through overcollateralized FiRM borrowing and direct reserve swaps through the Peg Stability Module.

LifecycleActive
Events1
Sources3
Overview
SymbolDOLA
Asset classStablecoin
Reference targetFiat
Redemption / exit modelProtocol Redemption
Valuation sourceInverse Finance DOLA and PSM documentation
Yield / rebase profileNo recorded change · Accrual: No recorded change
Classification notesActive protocol stablecoin backed primarily by FiRM borrower collateral and secondarily by USDS reserves in the PSM.
Lifecycle statusActive
Issuance statusProtocol Based
Peg referenceFiat · USD
Backing typesCrypto Collateral, Stablecoin Collateral
StabilizationHybrid
GovernanceDAO Governed
Primary organizationInverse Finance DAO
Primary roleProtocol Operator
Last reviewed2026-06-15
Organizations and roles
OrganizationRoleFromUntilRelationship status
Inverse Finance DAOProtocol Operator——Active

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Inverse Finance DAO

Decentralized Autonomous Organization · Decentralized

Event history

1 event connected to this stablecoin.

Reserve profile
Disclosure statusOnchain Protocol Transparency
Backing typesCrypto Collateral, Stablecoin Collateral
SummaryDOLA is primarily backed by borrower collateral in FiRM markets, with USDS reserves held through the Peg Stability Module as a secondary issuance and peg-defense layer.
As of2026-06-15
Profile confidenceHigh
Redemption profile
Current statusProtocol Based
Settlement assetUSDS through the Peg Stability Module or collateral release through FiRM debt repayment
Eligible partiesPublic protocol users subject to supported interfaces, available liquidity, and transaction constraints.
Retail accessPublic Protocol or Market Based
Institutional accessPublic Protocol or Market Based
Minimum amountProtocol and transaction dependent.
FeeThe documented DOLA-to-USDS PSM direction charges 20 basis points; other protocol and network costs may apply.
Settlement timeOnchain transaction and liquidity dependent.
Regional limitsFront-end, network, and applicable legal restrictions may apply.
Record coverage
SectionEntries
Organizations1
Sources3
Reserve reports1
Regulatory notes0
Deployments1
Issuer-control actions0
Open questions2
Events1
Event timeline
DateEventTypeDetail kindRecovered
—DOLA supply centers on FiRM and the Peg Stability ModuleProtocol Model UpdateOther—
Reserve and attestation history
DatePublisherTypeAssets coveredRecord confidence
—Inverse FinanceOnchain Protocol TransparencyCrypto Collateral, Stablecoin ReserveHigh
Regulatory and official notices
DateTitleAuthority / publisherTypeSummary
No regulatory notes have been added yet.
Blockchain deployments
ChainStandardDeploymentStatusFreezeBlacklistControl eventsContractNotes
EthereumERC-20Protocol Native TokenActiveUnknownUnknown00x865377367054516e17014ccded1e7d814edc9ce4Official DOLA Ethereum mainnet contract.
Sources
SourcePublisherTypeEvidence scopeReliability
Inverse Finance DOLA documentationInverse FinanceOfficial DocumentationEntity Identity, Overcollateralized Issuance, PSM Reserves, Ethereum Contract, Entity Issuance and BackingHigh
DOLA Peg Stability ModuleInverse FinanceOfficial DocumentationUsds Reserve, Swap Terms, Fees, Governance Controls, Peg and Redemption MechanicsHigh
Inverse Finance public product indexInverse FinanceOfficial RepositoryActive Product, Firm Borrowing, Sdola Relationship, Current Product StatusHigh
Open questions
TopicWhat remains unclearPriorityLast checked
Exact Launch DateThe current official documentation establishes the active DOLA model but does not provide one durable day-level initial launch date for the canonical record.Low2026-06-15
Crosschain Deployment MapDOLA is documented on Ethereum mainnet and L2s, but every canonical, bridged, and legacy deployment is not yet normalized.Medium2026-06-15