DescriptionDOLA is an over-collateralized stablecoin pegged to the US Dollar. It can also be used as collateral within the Frontier protocol to achieve high capital efficiency, leverage and native yield.
Category:crypto-backed
Minting and RedemptionUsing the Frontier Banking app, users mint DOLA by depositing an accepted collateral asset into a vault. When the loan is repaid to retrieve the collateral, the paid back DOLA is burned.
Use this option to choose whether to include coins that have been minted but have never been circulating.
Crypto-backed assets are backed by cryptoassets locked in a smart contract as collateral. Risks of crypto-backed assets include smart contract risk, collateral volatility and liquidation, and de-pegging.