sDOLA delivers 22.09% returns since January 2024, significantly outpacing traditional cash which lost 7.27% over the same period.
Performance comparison:
- Beat U.S. Treasuries
- Outperformed Aave lending rates
- Exceeded Yearn Finance yields
- Topped all major savings products tracked
The yield advantage stems from sDOLA's organic revenue generation through Inverse Finance's fixed-rate lending market, FiRM. This approach has proven more effective than variable-rate protocols during the period.
Recent momentum: sDOLA's total value locked surpassed $20 million, marking a 62% increase in just 30 days as of April 2025.
Cash lost 7.27% since January 2024. sDOLA gained 22.09% over the same period, beating Treasuries, Aave, Yearn, and every savings product on this list.
sDOLA/scrvUSD Market Returns to FiRM with 10.36% APY and 7.69x Leverage

**FiRM relaunches sDOLA/scrvUSD lending market** with competitive rates and leverage options. **Key Features:** - 10.36% underlying APY on deposits - Fixed 4.12% borrowing rate for DOLA - Loop leverage up to 7.69x for 50%+ net APR - First StakeDAO-only Boost market on FiRM - Built around Curve Finance stablecoin and LP tokens - $5M DOLA liquidity cap approved by governance This marks FiRM's expansion into StakeDAO-integrated markets, offering fixed-rate lending with no interest rate risk. The leverage looping mechanism allows users to multiply their yield exposure while maintaining predictable borrowing costs.
Inverse Finance Launches Season 6 with Leveraged sUSDe Looping Strategy
Inverse Finance has launched **Season 6** of its FiRM lending platform, introducing a leveraged looping strategy for sUSDe collateral. **Key Features:** - Loop staked sUSDe-DOLA with **3.96% fixed borrowing rate** - Earn up to **35.14% net APY** on positions - Farm Ethena sats simultaneously: **30x base rate**, boosted to **375x at maximum leverage** - No trade-off between yield generation and points accumulation The strategy allows users to deposit sUSDe as collateral, borrow against it, and redeploy borrowed funds to create leveraged positions - all while earning both yield and Ethena loyalty points throughout the process. [Start looping on FiRM](https://www.inverse.finance/firm)
Loop Staked sUSDe-DOLA on FiRM: Fixed 3.96% Borrow Rate with Up to 35.14% Net APY

Inverse Finance's FiRM platform now offers a compelling DeFi strategy combining fixed borrowing costs with variable yields. **Key Features:** - Borrow at a **fixed 3.96% rate** against sUSDe-DOLA collateral - Earn up to **35.14% net APY** through looping strategies - Stack Ethena sats (points) throughout the process - **One-click leverage** up to 10x - Isolated markets ensure your collateral stays protected **How It Works:** Users can deposit staked sUSDe-DOLA as collateral, borrow DOLA at the fixed rate, and reinvest to amplify returns. The platform autocompounds positions via Convex Finance and Yearn, maximizing efficiency. This represents a significant improvement from October 2025's 6.24% fixed rate, now down to 3.96% while maintaining high yield potential. The fixed borrowing cost provides predictability while the variable yield offers upside exposure. [Learn more about FiRM](https://inverse.finance)
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)