Inverse.finance

The sDOLA market from Inverse Finance has been live on Curve Finance's Llamalend V2 for nearly one week on Ethereum. **Key Details:** - sDOLA was among the first markets to launch on Llamalend V2 - Platform offers lending, borrowing, and yield boosting options - frxUSD from Frax Finance also launched simultaneously Users can access the markets at [Curve Llamalend](https://www.curve.finance/llamalend/ethereum/markets?version=v2&chain=ethereum). The team plans to review performance metrics in one month.

**Current Status:** - 1.5M DOLA borrowed - 3.5M DOLA still available for borrowing - Maximum looped net yield: **37%** **Key Details:** - Fixed rate lending opportunity through FiRM - Isolated markets with no rehypothecation of collateral - Accelerated looping capabilities available *Note: This represents a continuation of the borrowing opportunity previously reported, with yield rates remaining stable at 37%.*

**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.

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)

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 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 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.

**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](https://chainsecurity.com) 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

**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 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.