DOLA
Dola
$0.9935
0.08%
Dola
DOLA
$0.9935
0.08%
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About Dola
Dola (DOLA) is a decentralised, asset-backed stablecoin created by Inverse Finance, founded by Nour Haridy. It is designed to maintain a stable value pegged to the US dollar and is used extensively within the DeFi ecosystem for trading, lending, and as collateral. Inverse Finance operates on the Ethereum blockchain and focuses on providing decentralised financial services.
Dola (DOLA) is a decentralised stablecoin issued by Inverse Finance. It is designed to maintain a stable value, primarily pegged to the US dollar. DOLA achieves its stability through being backed by a combination of debt and other assets, ensuring its value remains consistent despite market volatility.
Dola (DOLA) serves as a stable medium of exchange within the DeFi ecosystem. It is commonly used for trading, lending, and as collateral within various decentralised finance (DeFi) applications. By maintaining a stable value, DOLA provides a reliable currency for users to engage in financial activities without the risk of significant price fluctuations.
Dola (DOLA) was created by Inverse Finance, which was founded by Nour Haridy in late 2020. Inverse Finance is a decentralised autonomous organisation (DAO) focused on providing capital-efficient and decentralised financial services. The DAO is responsible for developing and managing the DOLA stablecoin and other related financial products.
