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DOLA is a decentralized stablecoin soft-pegged to the US Dollar. It is backed by a diversified set of assets, including liquidity positions on AMMs and isolated collaterals on FiRM. Even though it has some bad debt since April 2022, it is being repaid over time and it has operated at peg thanks to strong peg mechanisms.

Learn more about peg management

Backed by a Liquidity Position on a AMM

Backed by a collateral on FiRM

Unbacked or mostly unhealthy

DOLA backing sources overview

Detailed DOLA backing sources

Active DOLA Feds Overview

Fed contracts handle the DOLA supply in a lending protocol or liquidity pool via expansions and contractions

DOLA Circulating Supply Evolution

Excluded from circulation: DOLAs sitting in markets and in Fed Farmers; Precision: daily on mainnet, weekly on L2s

DOLA 24h volumes

Source: coingecko

About DOLA & Fed contracts

What is DOLA?

DOLA is a decentralized stablecoin pegged to the US dollar, its supply is managed via special contracts called Feds.

TIP: DOLA currently has some bad debt as a result of oracle manipulations on the now deprecated Frontier; this is actively being paid down using DAO revenues. Borrowing and using DOLA on FiRM protects the user from risks of depegging below $1, while also presenting the opportunity to make a profit in such situation via buying back the DOLA and repaying for a lower cost.

Learn more about DOLA bad debt

What are the Fed contracts?

Fed contracts handle DOLA supply in protocols and liquidity pools and play an important role in the DOLA peg.

Currently there are three types of Feds: