What is DOLA?
The first synthetic asset issued through Frontier is DOLA, a debt-based USD stablecoin that can also be used as collateral within the Frontier protocol to achieve high capital efficiency, leverage, and native yield.
On Frontier, each DOLA always represents $1 of collateral which can be used to borrow other assets, regardless of DOLA’s market conditions or peg.
DOLA is a stablecoin pegged to the US Dollar. This means it is designed to be valued as close to $1 as possible, with minimal volatility. DOLA is over-collateralized, meaning that every single DOLA in circulation is backed by collateral worth a higher value than the one dollar price of DOLA.
DOLA is added to circulation today via borrowing with an over-collateralized loan or purchasing with DAI stablecoin using The Stabilizer. DOLA can be borrowed using Frontier or any of Inverse Finance's partners with lending/borrow markets.