iDOL - independent Dollar

iDOL is a stable coin backed by ETH derivatives

Independent from market volatility. Independent from human control.

iDOL is an ERC20 token that is programmed to be stable against the US dollar. iDOL is purely backed by ETH derivatives and does not use centralized assets as collateral Stabilization of the iDOL price is achieved through market mechanisms acting on arbitrage opportunities. The Lien Protocol is governance-free and therefore iDOL tokens are censorship resistant.

Volume(24 hours)
$ -
Circulating Supply
- iDOL

How iDOL works

ETH derivatives are used as collateral for the iDOL stable coin and not ETH itself. During the minting process of iDOL, the Lien Protocol bifurcates, or tranches ETH into two components, the variable component and the stable component. The variable component is called the LBT, or the Liquid Bond Token. The stable component is called the SBT, or the Solid Bond Token. iDOL uses the SBT as collateral. Due to the stable nature of the SBT, iDOL is minted without over-collateralization.

Why is iDOL a better stablecoin?
Backed by ETH Derivatives

iDOL is purely backed by ETH derivatives and does not use centralized assets as collateral.

For a stablecoin to be truly independent from external factors, it is important that the stablecoin is not dependent on assets that can be frozen or devalued by a central party.

Censorship Resistant

iDOL removes all elements of governance-related human intervention to maintain its stability. Stability is achieved through market mechanisms.

iDOL achieves its censorship resistance by removing the centralization of authority and the central point of failure.

Anybody can send/receive iDOL to/from anyone, anywhere, at any time.

There is no counterparty risk and you don’t have to worry about your funds being frozen. The protocol is fully decentralized.

Use Anywhere on Ethereum

iDOL is an ERC20 token that resides on the Ethereum blockchain.

ERC20 is the most widely used token standard in the industry.

iDOL can be managed using widely available Ethereum tools/wallets and can be easily integrated into Defi various contract applications built on Ethereum.

Read iDOL Whitepaper

How to get iDOL

1. Launch App and Connect to your wallet
2. Mint iDOL from ETH, or you can purchase iDOL on FairSwap
3. That’s it! Have fun sending, receiving and using iDOL.

Where to use iDOL

1. FairSwap Trade: iDOL is the base currency on FairSwap. Use iDOL to purchase LBTs, Lien Tokens, and unlock SBTs.
2. Auction: All bidding activity during SBT Auctions are done with iDOL

Get started now

Mint iDOL or buy it on FairSwap