[GIP-178] DOLA pool deployment
AI summary
This proposal seeks to add DOLA, a decentralized stablecoin from Inverse Finance, as a borrowable asset within Gearbox's Ethereum deployment. It outlines the technical specifications for integrating DOLA, including its interest rate model (IRM) and how its price will be determined using a trusted oracle. The proposal also details specific quota limits and interest rates for various other assets that can be used alongside DOLA within the Gearbox protocol.
If passed, users will be able to borrow DOLA on Gearbox, expanding the range of available stablecoins and potentially increasing liquidity for DOLA. This benefits users looking to leverage DOLA or gain exposure to it, while Gearbox benefits from increased protocol activity. The specific financial impact on the DAO treasury cannot be determined from this proposal alone.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author
Chaos Labs
Overview
Chaos Labs recommends listing DOLA as a borrowable asset pool on Gearbox’s Ethereum deployment. Below is our analysis and initial risk parameter recommendations.
Technical overview
DOLA is a decentralized, synthetic stablecoin developed by Inverse Finance, designed to maintain a peg to the U.S. dollar. Dola is debt-backed, meaning that each DOLA token is overcollateralized by assets such as sUSDe, cbBTC, and LP tokens.
While the DOLA token is available on multiple chains, we will focus on its Ethereum deployment in this analysis.
To maintain its peg…