Exactly Optimism $EXAOP

Exactly Optimism is a unique, superior and open-source DeFi protocol that provides a user-friendly platform for individuals to easily exchange the value of their crypto assets via deposits and loans. This protocol offers variable and fixed interest rates, making it a flexible choice for a variety of investors and traders. Established in July 2021, Exactly Protocol launched on the Ethereum Mainnet in November 2022, and moved to Optimism in March 2023.

The Uniqueness of Exactly Optimism

A distinctive feature of Exactly Optimism lies in its innovative approach to determining fixed rates. In contrast to other fixed rate protocols which base fixed rates on the price of various maturity tokens, Exactly Protocol is the first to calculate fixed rates depending on the utilization rate of pools with different maturity dates. This eliminates the need for a custom AMM to trade maturity tokens and instead necessitates a variable rate pool that consistently delivers liquidity to diverse fixed rate pools.

Investors and Increased Liquidity in The Variable Rate Pool

Exactly Protocol's development and growth have been supported by long-term capital partners with a proven record of alignment within the Web2 and Web3 ecosystems including Kazsek, BairesDAO, NXTP, Newtopia, Kain Warwick (Co-Founder of Synthetix), Esteban Ordano (Co-Founder of Decentraland), Matias Woloski (Co-Founder of Auth0), Daedalus among others. These partnerships have helped spread Exactly Protocol's influence throughout the crypto community.

Future Plans for Exactly Optimism

Exactly Optimism plans to continue its growth trajectory by following Optimism's Superchain strategy. This development will involve fostering partnerships with other web3 projects and web2 fintech in the long term, as they aim to extend the advantages of DeFi to end-users.

Utility of exaOP Token

The token associated with Exactly Optimism, exaOP, functions as an exa-voucher. Users can supply their assets to increase the liquidity of the Variable Rate Pool. This, in turn, provides liquidity to all different Fixed Rate Pools as required. Each deposit mints an "Exactly Voucher" (exaVoucher) that uses the ERC-4626 standard and is provided to the user as a voucher for the deposited amount. These ex