DOLA/USD price feed

This feed prices the stablecoin issued through Inverse Finance, a debt-backed dollar token that has lived on Ethereum for years. The name collides with other things online, from currency shorthand to a town in Ohio, so it is worth stating plainly: the asset here is the DeFi dollar token, read from its own pools.

What the pools pay is reported as a market fact rather than a verdict, at a stated block, with nothing rounded up to a tidy one.

Provenance is short enough to hold in your head; everything the number rests on sits in the composition below it.

The earning legs are the story. Instruments that wrap a savings rate sit well above one dollar by design, grinding higher every day, which makes them awkward quote assets for a stablecoin. DOLA's book has carried such crosses prominently for long stretches, alongside plain dollar tokens doing plain dollar work.

A cross against a climbing instrument would drift if you read it naively. The method does not read it naively: each quote leg is resolved to dollars through its own market first, so the yield baked into those instruments is stripped back out before the DOLA number is formed.

Where the weight sits between venues in a given week is the data layer's report, not this page's claim; the shape can shift without the method shifting with it.

For an asset with a small search footprint, the book is substantial: depth within one percent of the mid measures in the hundreds of thousands of dollars on the bid side, weekly volume runs in the low millions. The market is quiet, not shallow.

A CDP dollar keeps its level through borrowers rather than a redemption desk. When DOLA drifts under par, repaying debt with cheaply bought DOLA becomes attractive, which retires supply; the print above shows where that incentive currently balances, at the block stated next to it.

What is particular to DOLA sits above the mechanics: a dollar assembled from dollars that refuse to stand still.