How to Acquire DOLA
DOLA can be acquired by using any of the following methods:
Using your crypto assets, such as Ethereum, as collateral to then borrow is the most common method people use to acquire DOLA. Borrowed DOLA is valued at $1 when borrowed.
Please read the guide on the Borrowing page for further details of how to do this using Frontier .
You may wish to use a partnered lending market to borrow DOLA if Frontier does not support the collateral type you want to use, or you want to borrow on a different blockchain to Ethereum (such as Optimism). Please check the docs of the lending protocol to understand how to use their service correctly.
Using the ‘Swap’ page on Ethereum is the best way to buy DOLA using another Stablecoin on Ethereum. Enter the stablecoin you wish to use (DAI/USDC/USDT), and the tool will automatically work out the best route to use from either the Stabilizer or DOLA-3POOL Curve Pool that gets the user the most DOLA.
It should be noted that using the Stabilizer uses less gas than swapping on Curve, so it has a cheaper transaction fee. Therefore, if the rates given by both Curve and the Stabilizer are similar, it is probably best to use the Stabilizer.
The stabilizer is an Frontier product where users can exchange Dai for DOLA and vice versa for a 0.4% fee. After issuance, the Stabilizer can be used by market participants as a source of liquidity to arbitrage any price differences if DOLA moves away from its 1:1 peg versus USD.
DOLA can be bought from the open market using decentralized exchanges. The current peg of DOLA and the liquidity of DOLA in the particular market should be considered when deciding which market to use. Users need to be aware of slippage when buying from decentralized exchanges.
It is most common to use other stablecoins to buy DOLA, but there are commonly used pools with assets such as ETH and INV token used for buying DOLA. Theoretically, though, any asset that is traded on a DEX that has DOLA listed can be used to buy DOLA.
DEX Markets with deepest DOLA liquidity:
It should be noted that most DOLA liquidity on Fantom blockchain has been moved to Ethereum. Please bridge any Fantom DOLA before swapping it.