|All Time High:|
|Market Cap: |
|The price of #INV today is $70.75 USD.|
The lowest INV price for this period was $0, the highest was $70.75, and the current live price for one INV coin is $70.74543.
The all-time high INV coin price was $1,949.
Use our custom price calculator to see the hypothetical price of INV with market cap of ETH or other crypto coins.
|The code for Inverse Finance crypto currency is #INV. |
Inverse Finance is 1.9 years old.
|The current market capitalization for Inverse Finance is $18,338,914.|
Inverse Finance is ranked #479 out of all coins, by market cap (and other factors).
|The trading volume is medium today for #INV.|
Today's 24-hour trading volume across all exchanges for Inverse Finance is $291,737.
|The circulating supply of INV is 259,224 coins, which is 259% of the maximum coin supply.|
A highlight of Inverse Finance is it's unusually low supply of coins, as this tends to support higher prices due to supply and demand in the market.
|INV has limited pairings with other cryptocurrencies, but has at least 3 pairings and is listed on at least 5 crypto exchanges.|
|Note that there are multiple coins that share the code #INV, and you can view them on our INV disambiguation page.|
Anchor & Dola: Capital efficient lending, borrowing and synthetic assets
Anchor & DOLA: Capital efficient lending, borrowing and synthetic assets - Disclaimers: This is a HIGHLY experimental unaudited protocol. You may lose 100% of your funds. If you don’t understand the risks, you may also get arbed by other traders. There are no refunds. Compound, Maker, Synthetix and the Iron Bank all inherently offer the same service. They are protocols that allow users to exchange their collateral for borrowing credit. Lending protocols issue credit in the form of an allowance that can be used to withdraw supplied assets. Synthetic protocols also issue credit but in the form of an ERC20 token such as Dai, sUSD or sTSLA for example. A synthetic asset and a borrowing allowance both allow the user to achieve the same result: borrow on collateral. This unnecessary separation of synthetic and non-synthetic credit issuance in DeFi has become most obvious when the Iron Bank issued non-tokenized USD-denominated lending credit to other protocols. The Iron Bank basically re-invented Dai in a non-tokenized form but kept its existence internalized to their system and issued it only to audited partners who would use it to borrow other assets from the Iron Bank. Maker DAO could achieve a similar result by issuing Dai to select audited partners. But unlike the Iron Bank, Dai as a form of credit cannot be used to borrow assets from Maker. Combining a tokenized form of credit together with an accessible pool of capita...
Inverse.Finance: Deposit Dai, Earn ETH
Market buying is not for everyone. Risk averse investors may be bullish on ETH or BTC but are reluctant to risk their capital in volatile markets. Inverse.finance is a protocol that offers passive no-loss investment in any token by following a Dollar-Cost Averaging strategy using stablecoin yield. Starting with ETH. Users deposit Dai and receive a vault token in a 1:1 ratio. The vault then invests Dai in a yield optimizer protocol such as Yearn. Earnings are continuously swapped to ETH and distributed to depositors as long as they hold the vault token. Dai is withdrawable at any time. — Powered By Yearn V2 Vaults - In order to make this strategy worthwhile, generated yield must be high enough to build a sizable ETH position over time. Thankfully, the YFI team was kind enough to offer to whitelist our vaults to integrate with the unreleased Yearn v2 yDai vault, currently generating an estimated 25% APY. This also means that Inverse Finance depositors are among the first first to use Yearn v2 before it is publicly released on Yearn.Finance. — Guarded Launch - Inverse protocol is unaudited. Therefore, deposits in the protocol are temporarily capped at 240k Dai globally. This allows the protocol to be battle tested while reducing risk. As the protocol proves to be secure over time, the cap will be slowly raised and more vaults will be offered. — Trust Assumptions - Admin keys are heavily restricted. The goal...
More Inverse Finance (#INV) News
|Second Time in 2 Months: DeFi Lender Inverse Finance Drained for $1.6M
Ethereum-based DeFi lending protocol Inverse Finance suffered yet another hack. Peckshield was the first to observe the flash loan attack following which it revealed that the attacker carried out an exploit via price oracle manipulation.
The blockchain security company said a price oracle manipulation misuses the balances of assets in the pool to directly calculate the LP token price. It is greatly conducted by the flash loan to alter the reserves in the pool.
The hacker reportedly netted around $1.6 million funds from the DeFi protocol.
Gauging further into the blockchain data shows that an initial fund of 1 ETH was used to launch the exploit and was sold via Uniswap which was then withdrawn from Tornado Cash.
Currently, the hacker's account still has 68 ETHs of the illicit gains while 1000 ETHs have been deposited to the coin mixer.
Peckshield also revealed that the attack was allegedly performed by a bot that front-runs the original hack.
In April, Inverse Finance was exploited for $15.6 million after an attacker targeted its Anchor money market and artificially skewed token prices to borrow loans against extremely low collateral.
Inverse Finance is yet to release an official statement regarding the incident.
Earlier today, the platform announced that it had temporarily halted borrows.
'Inverse has temporarily paused borrows following an incident this morning where DOLA was removed from our money market, Frontier. We are investigating the incident however no user fu...