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Inverse Finance

INV

4.5

Price
$74.25
9/24/2022, 4:53:21 PM
diamondHands

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Market

Market stats

Market cap

$7.0M

Volume (24h)

$222,928.08

Circulating supply

93.7K INV

Typical hold time

4 days

Popularity

#210

All time high

$1,788.54

Price change (1h)

0%

Price change (24h)

+4.2%

Price change (7d)

-5.21%

Trading activity

85% Buy0% Buy
15% Sell100% Sell

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Inverse Finance is on the decline this week.

The price of Inverse Finance has fallen by 5.21% in the past 7 days. The price increased by 4.20% in the last 24 hours. The current price is $74.245 per INV. Inverse Finance is 95.85% below the all time high of $1,788.54.

The current circulating supply is 93,725.634 INV.

About

INV is an Ethereum token that powers Inverse Finance, a decentralized platform for lending, borrowing, and creating synthetic assets. INV is used to govern Inverse Finance products and can be used to vote for future upgrades.

What Is Inverse.finance (INV)?

Inverse.finance (INV) is used as a collateral asset in its own product anchor1. In other words, not everyone is comfortable with market buying because of the risk of losing capital. Thus, Inverse.finance is designed for individuals who are averse to risk. The Inverse.finance platform is a suite of trustless, decentralized finance tools that are governed by  the Inverse DAO(decentralized autonomous organization). A DAO is the control divided among various computers, networks, and nodes instead of a single central authority. Further, the DAO runs on the Ethereum blockchain.

As per the official docs, the Inverse.finance protocol allows a passive, lossless purchase and holding of any token by following a dollar-cost averaging (DCA) strategy using stablecoin yield. This means capital accrued in the stablecoin vault is utilized in part to mitigate the risk of volatility on the overall purchase. Hence, the platform's strategy suits those individuals who are not willing to risk their capital in acquiring the target token directly and who are reluctant to trade in the volatile markets. 

Let us get a brief outline of how the protocol aims to function. Users can deposit one stablecoin like DAI or USDC and receive one vault token, i.e., 1:1 ratio. Then, the vault uses this stablecoin to fund the yield optimizer protocol, such as Yearn. The yield optimizer uses data analysis and optimization strategies to increase the performance and returns in purchasing volatile tokens like ETH or BTC. The returns are continuously swapped to volatile tokens and distributed to depositors as long as they hold the vault token. One can withdraw their stablecoin deposit at any time. On withdrawal of stablecoin, the vault token is burned, and users receive the deposited stablecoins back. Also, one can claim their earnings at any time without having to withdraw their stablecoin. 

From the platform's functioning, two important intended benefits can be listed for users. The first benefit is gas fee savings, as the vault converts all users' yield at one go. The second benefit is that it permits the user to follow a DCA strategy in purchasing a target token using the stablecoin return over a long period. Currently, there are four vaults available for such earnings. They are USDC to ETH, DAI to WBTC, DAI to YFI, and DAI to ETH. 

The two important products of the platform are Anchor and DOLA. Anchor is a money market and synthetic asset protocol that intends to enable capital-efficient borrowing and lending. Importantly, Anchor is an experimental and unaudited protocol. In contrast, DOLAis a stablecoin token that tracks the price of $1. DOLA can be minted using other assets on Anchor as collateral. Similarly, one can use DOLA as collateral to borrow other assets on Anchor. So, the platform functions on two tokens, i.e., INV and DOLA.

Lastly, the Inverse.finance token (INV) is thegovernance and utility token of the Inverse.finance platform. The INV token provides voting power in the Inverse DAO. Therefore, INV holders can directly control several important parameters and aspects of the Inverse treasury and products. 

History of Inverse.finance (INV)

Inverse.finance was claimed to have been created by a sole developer and launched on December 18, 2020, but the platform is governed and run by its community of token holders and elected delegates. Anchor was launched on February 25, 2021.

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Social

Inverse Finance on social media.

Inverse Finance was mentioned in 23 out of 1,542,865 social media posts on Twitter and Reddit on Sep 23, 2022. 10 unique individuals are talking about Inverse Finance and it is ranked #1,172 in most mentions and activity from collected posts.

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Key indicators

Contributors

10 people

Posts

23 posts

Dominance

0%

Volume rank

#1,172

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FAQ

What is the current price of Inverse Finance?

The price of 1 Inverse Finance currently costs $74.25.

What is the market cap of Inverse Finance?

The current market cap of Inverse Finance is $6.96M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Inverse Finance?

The all-time high of Inverse Finance is $1,788.54. This all-time high is highest price paid for Inverse Finance since it was launched.

What is the 24 hour trading volume of Inverse Finance?

Over the last 24 hours, the trading volume of Inverse Finance is $222.93K.

What other assets are similar to Inverse Finance?

Assets that have a similar market cap to Inverse Finance include Shiryo, Velo, Venus Reward Token, and many others. To see a full list, see our comparable market cap assets.

How many Inverse Finance are there?

The current circulating supply of Inverse Finance is 94 thousand.

What is the typical holding time of Inverse Finance?

The median time that Coinbase customers hold Inverse Finance before selling it or sending it to another account or address is 4 days.

What is the relative popularity of Inverse Finance?

Inverse Finance ranks 173 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Inverse Finance?

Currently, 85% of Coinbase users are buying Inverse Finance. In other words, 85% of Coinbase customers have increased their net position in Inverse Finance over the past 24 hours through trading.

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