Introduction

Welcome to Inverse Finance. Whether you are an experienced DeFi user or new to the world of crypto, these docs are designed to provide you with a comprehensive understanding of everything related to Inverse Finance. Let's dive in!

What is Inverse Finance?

Inverse Finance is the decentralized autonomous organization that develops and manages the FiRM fixed rate lending protocol, DOLA, its debt-backed, decentralized stablecoin, and sDOLA, the yield-bearing version of DOLA.

Originally founded by Nour Haridy in late 2020, the protocol is governed by the Inverse Finance DAO, a collective of crypto enthusiasts. Our code base is open source and maintained by the community.

What Products Does Inverse Finance Offer?

Inverse Finance's main products are:

• FiRM, a fixed-rate lending market

• DOLA, a decentralized stablecoin pegged to the U.S. dollar

• sDOLA, a yield-bearing version of our DOLA stablecoin

• sINV, a yield bearing version of INV that does not require staking on FiRM.

• DBR, a new DeFi primitive that enables holders to service DOLA loans on FiRM

What Makes Inverse Finance Unique?

Inverse Finance differentiates itself through:

• Decentralization. The DAO prides itself on utilizing minimal collateral controlled by third party custodians and emphasizes fully-decentralized assets like ETH. The DAO's approach to on-chain governance remains unique among DAO's and seeks to continually drive towards censorship resistance.

• State-of-the-Art Fixed Rate DeFi lending. Unlike protocols which offer short duration fixed rate loans, FiRM fixed rate loans can be of any duration and can be extended indefinitely. FiRM also implements unique security and risk measures and allows governance tokens deposited as collateral to retain their governance (voting) rights.

• DOLA Borrowing Rights. The first tokenized interest rate for DeFi lending, DOLA Borrowing Rights are a new DeFi primitive with many applications including hedging, speculation, rate locking, and of course, borrowing.

• DOLA Feds. Inverse Finance is able to inject DOLA into FiRM as well as third party lending markets, allowing for rapid expansion and contraction of DOLA supply to meet market needs and manage DOLA's US Dollar peg.

• Transparency. The DAO is intensely focused on exposing all aspects of the protocol's operations via its transparency pages. Users can view liquidity, treasury, and many other areas of interest in real-time and on-demand.