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DOLA & Feds

DOLA supply, backing and feds

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.

Current backing:
Learn more about peg managementSee bad debt repayments
  • LP / PSM / Other
  • Collateral on FiRM
  • Mostly unhealthy

DOLA sources overview

DOLA in circulation, by fed

Detailed DOLA sources

With FiRM’s borrows split by market

Active DOLA feds overview

Fed contracts handle the DOLA supply in a lending protocol or liquidity pool via expansions and contractions
ContractMore data
About the columns and the fed types
Fed
Fed name, can also indicate the protocol used.
Contract
Link to the contract where the details and strategy are verifiable.
Fed type
  • Cross-Lending: lending protocol where a DOLA loan can be backed by several collaterals at the same time and those collaterals can also back other loans than DOLA loans.
  • Isolated-Lending: lending protocol where DOLA loans are independently backed by single collaterals.
  • AMM: DOLA is backed by the other assets in the liquidity pool.
  • PSM: Standard Peg Stability Module.
Supplied by fed
Amount of DOLA made available for borrowing / usage by the Fed (total DOLA supply can be higher as DOLA can also be supplied by other sources).
Borrowed / used
Amount of DOLA taken from the Fed by borrowers users.
PoL $
Protocol-Owned-Liquidity worth in USD.
More data
Internal or External link to show more data on the Fed.

DOLA circulating supply evolution

Excluded from circulation: DOLAs sitting in FiRM markets, anDOLA 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:

  • Cross-Lending Feds (Frontier & Fuse)
  • Isolated-Lending Feds (FiRM)
  • AMM Feds
Learn more about DOLA and the Fed contracts

DOLA total supplies

Learn more about DOLA
Roles & powers
DOLA operator
Add/remove DOLA minters
Fed Chair
Resize the amount of DOLA supplied
Fed Gov
Change the Fed Chair