🔄 Inverse DAO Update: INV Buybacks Hit $40K, Monolith Nears Launch
🔄 Inverse DAO Update: INV Buybacks Hit $40K, Monolith Nears Launch
🔥 Buybacks & Security Updates
Key Developments This Week:
- INV Buybacks Progress: Second week of buybacks totals 2,320 INV (~$40K) removed from circulation
- Monolith Security Review: Entering final security review by Chain Security before launch
- Curve Llamalend Incident: Bug force-liquidated sDOLA leveraged-long positions; affected holders received donations
- Risk Management Action: crvUSD LP collaterals removed from FiRM, all positions repaid following Risk Working Group de-risking decision
Recent Context:
- INV buybacks launched at $1.1M annual rate
- jrDOLA now live offering 40% APY
- Sherlock audit competition completed
- Inverse Finance Foundation operational in Cayman Islands
STATE OF THE DAO UPDATE 09/02/26 Starting today, we’ll post a weekly DAO update here every Monday: - Monolith final audit is now in escalation phase by @sherlockdefi and is expected to be finalized next week. - A draft proposal to reduce bad debt repayments and start INV
STATE OF THE DAO UPDATE 16/02/26 - INV buybacks have begun at an initial rate of $1.1M per year. 75 INV worth $1.3k have already been purchased in the first few hours. - Monolith audits are in progress and are expected to continue for a couple more weeks - Proposal to launch
STATE OF THE DAO UPDATE 24/02/26 - 1,400 INV (~$25K) were removed from circulation since INV buybacks started last week - Sherlock audit competition of Monolith contracts is complete. Now pending a final security review before launch. - jrDOLA is now live and currently offering
Here are the results of the @InverseFinance Audit Contest! 1. @0xdmanwalking - $1,833 🥇 2. bughuntoor - $8,312 🥈 3. @ValvesSec - $1,691 🥉 $35,500 in rewards, bringing Sherlock's total researcher payouts to $19.6M+. Link below for the full results 👇
STATE OF THE DAO UPDATE MONDAY 02/03/2026 1⃣ Second week of INV buybacks reaches a total of 2,320 INV (~$40K) bought 2⃣ Monolith enters its last security review by @chain_security before launch 3⃣ Curve Llamalend bug force-liquidates sDOLA leveraged-longs. A large donation was
Morpho Enables sDOLA Yield Looping with frxUSD Borrowing
Morpho now allows users to **loop their sDOLA yield** by borrowing frxUSD against their positions. This functionality comes through a collaborative market between Frax Finance and Alphaping. **Key Details:** - Users can leverage their sDOLA holdings to borrow frxUSD - The Alphaping Enhanced frxUSD Vault currently offers **28% APY** with sDOLA exposure - sDOLA is provided by Inverse Finance, a veteran DeFi protocol This looping strategy allows users to maintain exposure to sDOLA yields while accessing additional liquidity through frxUSD borrowing, potentially amplifying returns through leverage. [Access the vault](https://app.morpho.org/ethereum/vault/0xd8CD72A2eB7A4312404C00AeD5172C0026da0C27/alpha-frax-usd-enhanced-v2)
Inverse DAO Launches Monolith on Ethereum
Inverse DAO has officially launched **Monolith** on Ethereum mainnet. The protocol is fully developed, launched, and owned by the decentralized autonomous organization. This marks a significant milestone for Inverse DAO's expanding suite of DeFi products on Ethereum. Monolith joins Inverse Finance's existing offerings, which include FiRM, their permissionless fixed-rate lending protocol. The launch demonstrates the DAO's continued commitment to building native Ethereum infrastructure.
🦃 Thanksgiving Yield Feast
**Thanksgiving DeFi Special** Inverse Finance is serving up holiday yields alongside traditional turkey and cranberry sauce. **Key Offering:** - **22.75% net APY** on sUSDS-DOLA pairs - Available through Yearn Finance integration on FiRM - Positioning yield as "the gravy" for your Thanksgiving feast **What This Means:** The timing connects traditional holiday gratitude with DeFi earning opportunities. The sUSDS-DOLA pairing offers competitive returns through Inverse Finance's fixed-rate lending platform. This rate represents current market conditions for stablecoin yield farming strategies during the holiday period.
sDOLA Expands Cross-Chain to Arbitrum, Base, Berachain, and Optimism via Chainlink CCIP
**sDOLA is expanding cross-chain** to multiple networks including Arbitrum, Base, Berachain, and Optimism using Chainlink's Cross-Chain Interoperability Protocol (CCIP). **Key developments:** - 100% organic yield now accessible across multiple chains - First Chainlink CCIP front-end integration live via Interport - Chainlink USD price feeds for DOLA already deployed on Ethereum mainnet and Base **Enhanced infrastructure:** - Oracle support provides additional resilience for DOLA and sDOLA users - Enables sDOLA use as collateral asset across lending protocols - More cross-chain oracle integrations planned for coming weeks This expansion leverages Chainlink's oracle leadership to bring sophisticated DeFi capabilities to users wherever they need them most.