0xe58ed128…9413sent to0xbeccb6bb…9bf6·#23,390,469·view on Etherscan
# Proposal To Fund Chainlink Oracle for DOLA
Forum proposal: https://forum.inverse.finance/t/proposal-to-fund-chainlink-oracle-for-dola/602
**Summary**
Authorize Inverse Finance to subscribe to a Chainlink DOLA/USD price feed on Ethereum mainnet and Base, using budget previously approved by the DAO for Redstone oracle expenses.
**Why Inverse Needs a Chainlink Price Feed**
Inverse has been requesting a Chainlink price feed for several years, but only recently has DOLA volume reached a sustained level that now qualifies it for a Chainlink feed.
While waiting for Chainlink qualification, the DAO previously authorized funding for Redstone price feeds. However, instead of spending on third-party oracles, we successfully negotiated the use of hard-coded $1 DOLA values or EMA price feeds from Curve on multiple occasions — saving the DAO meaningful costs.
That approach is no longer sufficient. With sDOLA being considered more frequently as collateral for third-party lending markets — most recently at Morpho — curators and others are insisting on a high-quality, industry-standard price feed. Chainlink is the preferred provider and also meets our budget constraints.
A Chainlink feed for DOLA will also deliver brand benefits for both prospective partners and users, strengthening DOLA and Inverse’s credibility across the DeFi ecosystem.
Note: GWG is working with TWG on new liquidity opportunities on Berachain. Since Chainlink does not currently provide a price feed on Berachain, this proposal also requests permission to allocate funding for DOLA price feeds on other chains via providers like Chronicle Labs or other oracle providers, budget permitted.
**Background on Prior DAO Approvals**
- On April 15, 2024, the DAO approved a budget of $32,800 for Redstone oracle services.
- On November 27, 2024, the DAO approved an additional $12,800 for Redstone oracle expenses as part of the GWG Season 3 proposal.
- No DAO funds to-date have been spent on Redstone oracles.
- Together, these approvals total $44,800, which is sufficient to fund both the Chainlink DOLA/USD feed and a non-Chainlink feed (e.g. Chronicle Labs) on Berachain for one year.
**Terms of Service**
- Initial Term: 1-year minimum, auto-renews monthly unless either party terminates with 30 days’ notice after the first year.
- Payment: Invoices payable in USDC. The Growth Working Group will swap DOLA → USDC on CoW Swap to fund monthly payments.
**On-Chain Action**
Re-authorize the existing 55,170 DOLA in the Growth Working Group multisig.