Price change (24h):
1.35%
High (24h):
$0.04199179
Low (24h):
$0.04116326
Volume (24h):
$4.71K
Market Cap:
$910.29K
All Time High:
83.96% $0.26
Mar 17, 2024
All Time Low:
15% $0.04
Jun 28, 2026
40.53 %(1Y)
$0.04142121
Price change (24h):
1.35%
High (24h):
$0.04199179
Low (24h):
$0.04116326
Volume (24h):
$4.71K
Market Cap:
$910.29K
All Time High:
83.96% $0.26
Mar 17, 2024
All Time Low:
15% $0.04
Jun 28, 2026
DOLA Borrowing Right (DBR) is a cryptocurrency launched in 2022. It operates as a rights-granting token within Inverse Finance’s fixed-rate lending market, providing holders with the ability to mint the DOLA stablecoin against collateral at locked-in borrowing costs.
The token lies at the core of the Fixed Rate Market (FiRM), a lending architecture engineered to neutralize the chronic volatility of variable-rate debt protocols. Where traditional DeFi money markets subject borrowers to unpredictable interest swings driven by utilization curves, DBR establishes a deterministic cost of capital. This eliminates refinancing risk and allows long-term planning, a feature sorely missing from earlier lending primitives.
DOLA Borrowing Right operates on the Ethereum blockchain, natively as an ERC-20 asset. There is no independent blockchain; instead, the token leverages Ethereum’s proof-of-stake consensus and extensive validator set to guarantee settlement finality. The smart contract infrastructure executes all borrowing right actions, from purchase to exercise, entirely on-chain.
The standard ERC-20 interface ensures broad wallet compatibility and easy integration with automated market makers. Under the hood, DBR intertwines with Inverse Finance’s Personal Collateral Escrows—a novel architecture that isolates each user’s collateral and debt position, preventing cross-borrower contamination. The token’s logic is enforced by audited Solidity contracts on Ethereum’s EVM, inheriting the chain’s 12-second block times and composability with other DeFi protocols.
Inverse Finance, a decentralized autonomous organization known for its DOLA stablecoin, released the DBR token on December 15, 2022, as the linchpin of its FiRM protocol launch. The initiative represented a deliberate departure from the prevailing variable-rate model epitomized by Aave and Compound, aiming instead to carve out a niche for predictable-rate lending within decentralized finance. Early adoption came from yield farmers and treasury managers seeking longer-duration debt exposure without the anxiety of overnight rate spikes.
The overarching ambition is to construct a lending market where borrowing costs are transparent and time-bound, unbundling interest rate risk from the act of taking a loan. By separating the right to borrow from the borrow itself, DBR creates a term structure for on-chain credit that resembles traditional debt markets. This pushes DeFi closer to institutional-grade fixed-income instruments, without centralized intermediaries.
At the operational level, holding DBR tokens is the sole gateway to opening a FiRM debt position; one DBR entitles the holder to borrow one DOLA for a fixed term at a rate set at the time of the token’s issuance. DBR circulates independently on the open market, allowing borrowing rights to be priced, traded, and amassed by those anticipating higher future demand for DOLA liquidity. Governance powers also vest in DBR holders within the Inverse Finance DAO, who vote on rate parameters, collateral types, and protocol upgrades.
Arbitrageurs acquire DBR when they forecast rising stablecoin demand and sell those rights later for a premium; borrowers buy DBR to lock in a known debt service cost before deploying capital into yield strategies. The token thus functions as a transferable lien on future DOLA minting capacity, enabling a secondary market in loan origination rights that was previously impossible in DeFi.
DOLA Borrowing Right (DBR) has a total supply of 36,354,621.65 tokens. Currently, 20,406,777.74 are in circulation. With a market capitalization of $814,570.00, DOLA Borrowing Right ranks #3,184 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 10/07/2026 | $0.04 | $0.04 | $0.04 | $0.04 |
| 09/07/2026 | $0.04 | $0.04 | $0.04 | $0.04 |
| 08/07/2026 | $0.04 | $0.04 | $0.04 | $0.04 |
| 07/07/2026 | $0.04 | $0.04 | $0.04 | $0.04 |
| 06/07/2026 | $0.04 | $0.04 | $0.04 | $0.04 |
| 05/07/2026 | $0.04 | $0.04 | $0.04 | $0.04 |
| 04/07/2026 | $0.04 | $0.04 | $0.04 | $0.04 |
| 03/07/2026 | $0.04 | $0.04 | $0.04 | $0.04 |
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