DOLA wallet

What is DOLA (DOLA)?

DOLA is the dollar-denominated stablecoin issued by Inverse Finance, and it comes into existence in an unusual way: it is borrowed, not deposited. Users lock collateral in Inverse's lending market and mint DOLA against it as debt. Every DOLA in circulation therefore corresponds to an outstanding loan somewhere in the protocol, plus the balances that have been seeded into liquidity pools by the DAO itself. There is no bank account behind it and no redemption desk that will hand you a dollar; the peg is held by arbitrage, by the collateral backing the debt, and by the protocol's own liquidity operations.

For a holder, the practical consequence is that DOLA is a soft-pegged token, not a receipt. It trades near a dollar and has historically drifted from it during stress in the lending markets that back it. It does not rebase and it does not change its balance on its own: what you hold is what you will see.

The other thing to know is that DOLA exists as a native Ethereum token and as bridged copies on several EVM chains. These are separate token contracts, so DOLA sitting on one network is not spendable on another until it is bridged across, and the addresses look identical everywhere.

Holding it in Tangem

Each chain's DOLA shows up as its own balance in the app, and the outgoing network is stated on screen before the card signs, which is the moment to confirm the chain matches what the receiving side expects. Given that the same balance can exist in several places under one name, that separation keeps DOLA straightforward to handle in Tangem.

Supported networks in Tangem (6): Arbitrum One, Base, Ethereum, Optimism, BNB Smart Chain, Fantom.