{"id":190670,"date":"2021-02-28T03:36:42","date_gmt":"2021-02-28T00:36:42","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/inverse-finance-seizes-tokens-ships-code-launches-stablecoin-lending-protocol\/"},"modified":"2021-02-28T03:36:42","modified_gmt":"2021-02-28T00:36:42","slug":"inverse-finance-seizes-tokens-ships-code-launches-stablecoin-lending-protocol","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/inverse-finance-seizes-tokens-ships-code-launches-stablecoin-lending-protocol\/","title":{"rendered":"# Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35782ae47e9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35782ae47e9\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/inverse-finance-seizes-tokens-ships-code-launches-stablecoin-lending-protocol\/#No_dead_weight\" >No dead weight<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvZTQ5MWEzNTMtNWY3Yy00MzJkLWI0NzItMzllNDkxMGRmZDRlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Shortly after culling its community of inactive members, one of decentralized finance\u2019s (DeFi) strangest experiments is launching a new stablecoin lending product.<\/p>\n<p>On Wednesday Inverse Finance <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/inversefinance\/anchor-dola-capital-efficient-lending-borrowing-and-synthetic-assets-bf403bfe95f9\">revealed<\/a> the Anchor Protocol, a money market built around DOLA, a protocol-native synthetic stablecoin. Based on \u201ca modified fork of Compound,\u201d in a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/inversefinance\/anchor-dola-capital-efficient-lending-borrowing-and-synthetic-assets-bf403bfe95f9\">blog<\/a> post Inverse Finance founder Nour Haridy compares Anchor to Synthetix, which issues credit in the form of synthetic assets back by overleveraged collateral, and Compound, which issues credit in the form of crypto asset loans also backed by overleveraged collateral. <\/p>\n<p>Ultimately, Haridy sees these models as providing the same utility. <\/p>\n<blockquote><p>\u201cLending and synthetic protocols both offer the same service: credit. Anchor brings the gap between them by combining them into a unified borrowing protocol.\u201d<\/p><\/blockquote>\n<p>Anchor aims to accomplish this with a unique architecture that always treats the DOLA token as \u201c$1 collateral that can be used to borrow other assets regardless of DOLA\u2019s market conditions or peg.\u201d Users deposit collateral, mint DOLA, and then can use DOLA to take out loans in other crypto assets or simply earn yield on DOLA.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Introducing Anchor &amp; DOLA: Capital efficient lending, borrowing and synthetic assets (and much more)<\/p>\n<p>EXPERIMENTAL<br \/>UNAUDITED<\/p>\n<p>Brought to you by Inverse DAO<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/pOOkp8ECsR\">https:\/\/t.co\/pOOkp8ECsR<\/a><\/p>\n<p>Summary thread below \u2b07\ufe0f<\/p>\n<p>\u2014 Inverse.Finance (@InverseFinance) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/InverseFinance\/status\/1364771183544139784?ref_src=twsrc%5Etfw\">February 25, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cFor over-collateralized borrowers and leveraged traders, we offer them a one stop shop where they can share their collaterals across their synthetic and token borrowing positions, allowing higher capital efficiency and higher leverage,\u201d says Haridy. <\/p>\n<p>Haridy envisions Anchor will use DOLA for protocol-to-protocol lending similar to Cream\u2019s Iron Bank, for undercollateralized lending (long a prize in DeFi), and for the protocol to \u201clend itself\u201d credit to pursue yield farming opportunities. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"No_dead_weight\"><\/span>No dead weight<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Perhaps more interesting than Inverse\u2019s development at the protocol layer are the moves they made earlier in the week at the governance layer.\u00a0<\/p>\n<p>In what may be a DeFi governance first, On Saturday Feb. 20, Inverse community members put forth two governance proposals to seize INV \u2014 Inverse\u2019s currently non-transferrable governance token \u2014 from inactive community members. On Thursday Feb. 25, the proposals passed, and not everyone was h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>y with the result. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"und\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/InverseFinance?ref_src=twsrc%5Etfw\">@InverseFinance<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/5eJ6NKGvoC\">pic.twitter.com\/5eJ6NKGvoC<\/a><\/p>\n<p>\u2014 Knockerton (@knockerton) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/knockerton\/status\/1364621473185288195?ref_src=twsrc%5Etfw\">February 24, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Haridy says that the timing was intentional \u2014 right as Anchor, a protocol that might generate revenue for the DAO, prepares to launch, the community sheds freeloaders.\u00a0<\/p>\n<blockquote><p>\u201cWe needed to weed out our dead weight to reclaim some tokens for re-distribution to new active members soon. We also created an INV grants committee with the power to reward contributors and add new members to the DAO. Additionally, when free riders are removed, active members become more incentivized to contribute because they get a larger piece of the pie.\u201d<\/p><\/blockquote>\n<p>While the unprecedented move may seem harsh, it\u2019s also simply applying to governance the kind of aggressive style that put Inverse Finance on the map in the first place. By forcing token holders to participate under the threat of seized tokens, it\u2019s helped with the development of Anchor as well.\u00a0<\/p>\n<p>\u201cThis is a collaborative effort among many DAO members starting from ideation to development to internal reviews and testing,\u201d says Haridy.<\/p>\n<p>The next step for Inverse will be getting Anchor off the ground, and preparing for a world in which INV becomes tradable. Haridy says there\u2019s a growing consensus in the community for tradability. This would mean that the DAO would give up the power to seize tokens, which could alter Inverse\u2019s community landscape.<\/p>\n<p>Haridy, however, seems unfazed by the looming shifts, already preparing the next innovation.<\/p>\n<blockquote><p>\u201cThis will significantly change the existing incentives and may reduce participation. Fortunately, there\u2019s some work on a new alternative governance model that\u2019s been happening internally to address this problem.\u201d<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/inverse-finance-seizes-tokens-ships-code-launches-stablecoin-lending-protocol\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol &#8221; Shortly after culling its community of inactive members, one of decentralized finance\u2019s (DeFi) strangest experiments is launching a new stablecoin lending product. On Wednesday Inverse Finance revealed the Anchor Protocol, a money market built around DOLA, a protocol-native synthetic stablecoin. Based on \u201ca&#8230;<\/p>\n","protected":false},"author":1,"featured_media":190671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvZTQ5MWEzNTMtNWY3Yy00MzJkLWI0NzItMzllNDkxMGRmZDRlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75186,74868,74891,90109],"class_list":["post-190670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-dao","tag-defi","tag-ethereum","tag-peer-to-peer-lending"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/190670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=190670"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/190670\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/190671"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=190670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=190670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=190670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}