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Dola

Dola

DOLA
#263
$0.9975Up 0.40 percent($0.00)

Key Stats

Total Supply108.87M DOLA
Max Supply∞
Circulating Supply76.96M DOLA
Launch Date2021-02-23

Dola Information

Websites
inverse.finance
Industries
Stablecoin
Parent Asset
USD

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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.

Frequently Asked Questions

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.