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Getting DOLA

DOLA can be acquired in several ways, each suited to a different starting point. Borrowing through FiRM is the primary route if you hold eligible collateral — it creates new DOLA without requiring you to sell your assets. Alternatively, DOLA is available on decentralized exchanges, directly through the Peg Stability Module for users moving from USDS, and on multiple chains if you're already operating on an L2.

Borrowing DOLA on FiRM

The most capital-efficient way to get DOLA is to borrow it on FiRM. This doesn't require selling anything you already hold — instead, you deposit supported collateral into a FiRM market and draw DOLA against it at a fixed rate. Your collateral stays in your Personal Collateral Escrow, isolated from other borrowers, and your borrow rate is determined by the current price of DBR — FiRM's borrowing rights token — rather than a floating utilization curve.

FiRM currently supports over 20 collateral markets spanning blue-chip assets (wETH, wBTC, cbBTC, wstETH), yield-bearing stablecoins (sUSDe, sFRAX, sUSDS), Pendle Principal Tokens, and selected governance tokens. Each market has its own collateral factor, daily borrow limit, and supply ceiling set by governance.

To borrow DOLA on FiRM:

  1. Navigate to app.inverse.finance/firm and connect your wallet on Ethereum mainnet.

  2. Select the collateral market for the asset you want to deposit and approve the deposit transaction.

  3. Check your DBR balance. DBR streams down at a rate of approximately 1 token per DOLA per year — a 1,000 DOLA loan requires roughly 1,000 DBR per year to sustain. If you don't have enough DBR, purchase it directly in the FiRM interface before drawing your loan.

  4. Set your borrow amount within the collateral factor limit and confirm. DOLA is transferred to your wallet from the market's available supply.

No maturity date. FiRM loans can be held indefinitely — there is no rollover, no term expiry, and no variable rate adjustment. Your cost of borrowing is locked at the time you buy your DBR. As long as your collateral stays above the liquidation threshold and your DBR balance remains positive, your position stays open.

DBR depletion risk. If your DBR balance reaches zero, liquidation bots can call a forced replenishment on your position — minting DBR on your behalf and charging the cost plus a 10% fee back to your debt. Monitor your projected depletion date in the FiRM app and top up your DBR balance before it runs out.

See also: Getting Started with FiRM for a full walkthrough of the borrowing process, including how to manage collateral, choose DBR amounts, and use the Accelerated Leverage Engine. DBR for a complete explanation of how borrowing rights work.

Buying DOLA on a DEX

If you don't have collateral to borrow against, DOLA is available to purchase directly on decentralized exchanges. The primary venue is Curve Finance, where DOLA pools provide deep stablecoin-to-stablecoin liquidity with low slippage. DOLA is also available on Uniswap and through DEX aggregators like 1inch, Paraswap, and Odos, which route across multiple liquidity sources to find the best rate.

For most users converting a moderate amount from USDC, USDT, or another stablecoin, Curve offers the most competitive execution. Aggregators are worth checking for larger conversions where pool depth matters.

Verify before swapping. Always confirm you are buying the correct DOLA token. Official token addresses are listed on the Smart Contracts page and on app.inverse.finance. Do not add token addresses shared in Discord, Telegram, or social media without cross-referencing them against official documentation.

Using the Peg Stability Module

The Peg Stability Module (PSM) allows direct conversion of USDS to DOLA at a 1:1 exchange rate with no buy fee. This is the most frictionless on-ramp for holders who already hold USDS and want to move into DOLA — there is no slippage, no pool imbalance risk, and no intermediary routing.

The PSM has a supply cap of 10,000,000 DOLA. Under most conditions this is more than sufficient for retail conversions, but very large transactions may encounter the cap if utilization is high. The PSM is accessible through the Inverse Finance app.

Redeeming DOLA back to USDS through the PSM carries a 20 basis point fee. This asymmetry — free to enter, small fee to exit — is intentional: it helps sustain buy-side demand for DOLA while discouraging arbitrage strategies that would otherwise drain the PSM's reserves.

Getting DOLA on Other Chains

DOLA and sDOLA are available on Ethereum, Arbitrum, Base, Optimism, and Polygon. If you're already operating on one of these networks, DOLA may be accessible through local liquidity pools without bridging. If you want to move DOLA or sDOLA from Ethereum to an L2 — or between L2s — the Chainlink CCIP integration for sDOLA allows transfers without unstaking or interrupting your yield accrual.

Next Steps

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