$DBR is an ERC20 token on Ethereum that represents holder's right to borrow $DOLA in FiRM. A user with a single DBR has the right to borrow one DOLA stablecoin for up to one year with no interest. The duration is not fixed so you can borrow two DOLA for six months, four DOLA for three months, and so on. Borrowing one DOLA for one year will gradually consume that DBR token.
Inverse Finance Fixed Rate Market: The Fixed Rate Market or “FiRM,” is Inverse Finance’s new Fixed Rate Market lending protocol that implements a new DeFi primitive called DOLA Borrowing Rights, and a novel money market architecture, Personal Collateral Escrows. DBR’s solve issues of highly volatile interest rates in traditional variable rate lending and DBR removes many of the constraints of conventional fixed rate interest lending in DeFi. Users benefit from the certainty of fixed-rate loans while gaining both short and long-term optionality and opportunities from DOLA Borrowing Rights.
