INV
INV gives voting power in the Inverse DAO. Therefore, INV token holders can directly control a number of important parameters and aspects of the Inverse treasury, products and operations.
Please refer to our INV Transparency page for information of current supply, staked on FiRM, monthly INV and DBR rewards, and the Roles & Power.
Basics
Staking INV
Emissions
FAQ
INV can be staked in FiRM's INV market for INV and DBR rewards. As you stake, you will get non-transferable xINV tokens in return which maintain your voting rights and automatically accumulates INV staking rewards, DBR needs to be claimed. INV and xINV are not exchanged 1-to-1 and xINV stakers get their INV as they unstake. There are no locking periods.
Please see our INV Transparency page for information of current supply, staked on FiRM, monthly INV rewards, and the Roles & Power.
INV Token Address: 0x41d5d79431a913c4ae7d69a668ecdfe5ff9dfb68
Long-term supporters and investors are encouraged to deposit, or stake their INV in FiRM and use their voting power to participate in the governance of Inverse Finance DAO. Inverse Finance ensures that stakers remain the primary beneficiaries of INV supply expansions by rewarding stakers with INV rewards APY at matching INV supply expansions. The rewards APY can therefore fluctuate as more or less INV is introduced.
INV staking rewards are calculated every single time an Ethereum block is mined, which is around 6400 times every single day, and they are distributed each time someone stakes or unstakes INV in FiRM. This means that the published APY in the FiRM user interface may fluctuate as the rate at which additional Ethereum blocks are mined take more or less time.
INV is available to purchase on-chain on Balancer, UniswapV2, and Sushiswap.
You can also input the INV token address (listed above) into either Balancer, Uniswap, Sushiswap, or any Dex aggregator (Cow, 1inch, LlamaSwap, Matcha, etc). Ensure the slippage is within an acceptable range before executing the trade.
INV is also available on the following centralized exchanges:
Staked INV, represented by xINV tokens that you can find in your wallet on etherscan.io, can be used as collateral and you can borrow against it once DOLA borrowing is re-enabled. See the borrowing page for more information.
Long-term supporters and investors are encouraged to deposit, or stake their INV in FiRM and use their voting power to participate in the governance of Inverse Finance DAO. Inverse Finance ensures that stakers remain the primary beneficiaries of INV supply expansions by rewarding stakers with INV rewards APY at matching INV supply expansions. The rewards APY can therefore fluctuate as more or less INV is introduced.
INV staking rewards are calculated every single time an Ethereum block is mined, which is around 6400 times every single day, and they are distributed each time someone stakes or unstakes INV in FiRM. This means that the published APY in the FiRM user interface may fluctuate as the rate at which additional Ethereum blocks are mined take more or less time.
INV stakers in FiRM receive DBR in addition to their INV staking rewards. The DBR APR will vary as DBR is issued in relation to DOLA borrowing on FiRM. Keep an eye on DOLA borrows in FiRM and the Policy channel in our Discord for updates.
Issuing DBR to INV stakers aligns the interests of DOLA users and INV voters in the DAO. It interconnects the value flows of BDR burns as a result of DOLA borrowing in FiRM and the value of holding INV voting power over time, all of which benefit both INV stakers and the DAO via INV bonding.
As you deposit INV into FiRM, you will receive xINV tokens as receipts. They are exchanged back to INV tokens when you unstake.
If you have INV on Coinbase or some other centralized exchange or custodial service, always check their latest documentation for any updates as their wallets may not interact with smart contracts.
Using the Coinbase Exchange as an example, transfer your INV to the Ethereum address of your (non-custodial) wallet like Metamask. In order to make transactions on the Ethereum chain you will need some ETH in the wallet to pay for the Ethereum chain gas fees. Once you have transferred the INV to your Ethereum wallet, make sure that your wallet is set to the Ethereum network, navigate to the inverse.finance website and connect your wallet to stake INV as explained in the tutorial linked above. Also check our docs: https://docs.inverse.finance/inverse-finance/using-inv
If you are not familiar with crypto wallets you can check this guide made by Coinbase: https://www.coinbase.com/learn/tips-and-tutorials/how-to-set-up-a-crypto-wallet
Inv or xINV can not be used as collateral at the moment.
Inverse Finance maintains a close working relationship with Bond Protocol by utilizing their Olympus Pro bond program. This allows for users to purchase INV tokens at a discount in return for supplying liquidity pool tokens or DOLA. The amount of INV tokens supplied to the bond program is continually monitored and optimized by the Policy Committee.
Staking INV as xINV entitles the holder to xINV staking rewards in the form of additional INV tokens. xINV stakers receive INV rewards continuously with every Ethereum block mined (roughly 6,400 times a day).
The rate of rewards is continuously monitored and optimized by the Policy Committee. INV emissions directed to xINV stakers will ALWAYS be higher than all INV emissions directed elsewhere. This ensures that xINV stakers are protected from dilution and own an ever increasing proportion of the supply.
The INV token does not have a coded hard capped supply. The social consensus from the start of the project was that there would never be an excess of 100,000 tokens in circulation. However, since the INV+ proposal (which represented a shift away from these tokenomics), the plan is to move to an "uncapped" total supply, allowing the Inverse DAO to expand the supply of INV token through on-chain governance votes. This ensures INV stakers can continue to be rewarded, while increasing the rate at which the team can grow DOLA within the DeFi ecosystem. This ensures maximized performance and competitive strength for Inverse DAO. The DAO retains control of the minting process via quarterly governance proposals even though it allows the Policy Committee to adjust the rate at which newly minted INV is distributed to stakers.
It must be stressed, that INV stakers will never experience dilution. Emissions to INV stakers will always be in excess of emissions to non-stakers, meaning stakers proportional ownership of INV will always be increasing. So while additional minting of INV (as controlled by the on-chain DAO) will inflate the INV supply, it will NOT dilute INV stakers.
No formal buyback policy is currently in place. The Inverse DAO has the ability to conduct a buyback of INV tokens using funds from the treasury. This has been done once before where $50,000 of INV was bought back from the open market, the proposal can be found here.
The Policy Committee is responsible for setting the reward rate for xINV as well as allocating INV for bonding campaigns. This ensures that INV rates are always optimized to accrue maximum value both to INV holders and to the Inverse DAO treasury. The Policy Committee is comprised of nine active Inverse Finance DAO team members. Inactive or retiring committee members are replaced via a Policy vote. All Policy Committee decisions require a quorum of 5 members out of 9 to conduct a vote. The policy Committee can be dissolved or replaced by Inverse DAO governance, as with all enacted proposals.
INV is Inverse Finance’s governance token which provides users accelerated staking rewards along with the continued ability to use INV for voting purposes.
What can I do with my INV?
INV holders have voting power in Inverse DAO governance with 1 INV = 1 vote. Holders can also and are advised to stake their INV on Frontier. Staking INV as xINV entitles the holder to xINV staking rewards in the form of additional INV tokens and ensures protection against dilution via supply expansions.
The Policy Committee handles day-to-day changes to xINV reward rates as well as bond discount rates. INV stakers receive rewards proportionate to INV supply expansions to remain undiluted. Inverse DAO can vote to set restrictions for intra-day changes in interest rates.
There currently is no lending facility that accepts INV or xINV as collateral. Inverse Finance intends to introduce an xINV market to enable DOLA borrowing on FiRM, once we can provide a safe oracle feed for INV.
Staking INV on Frontier provides you with voting rights in the governance process used to alter the parameters of Frontier and other Inverse DAO governance matters. If and when Inverse Finance deploys an xINV lending market on FiRM, holders will be able to borrow DOLA against their staked INV.
INV is available to purchase on-chain on Balancer, UniswapV2, and Sushiswap.
NV is also available on the following centralized exchanges: Coinbase, MEXC Global, Gate.io, CoinEx.
Last modified 4mo ago