Dola is a cryptocurrency stablecoin designed to maintain a value of one US dollar. It operates on public blockchains like Ethereum and is issued by the Inverse Finance protocol, a Decentralized Autonomous Organization (DAO). Unlike centralized stablecoins, Dola is decentralized and backed by a diversified basket of other crypto assets used as collateral. Users can mint new Dola by depositing collateral into the Inverse Finance system. The project's mission is to provide a censorship-resistant, transparent, and capital-efficient stablecoin for the decentralized finance (DeFi) ecosystem.

Founded in

United States