Exactly Token $EXA

Exactly Token is an innovative decentralized and open-source DeFi protocol designed to facilitate users in the easy exchange of the value of their crypto assets through deposits and borrowing. It offers both variable and fixed interest rates, thus catering to a wider audience with varied financial interests and risk appetites.

Uniqueness of Exactly Protocol

Exactly Protocol stands apart from other similar projects with its unique mechanism of determining fixed rates. While most fixed rate protocols base their rates on the price of various maturity tokens, Exactly Protocol has pioneered the approach of determining fixed rates based on the utilization rate of pools with different maturity dates. This distinctive feature eliminates the need for a custom Automated Market Maker (AMM) to trade maturity tokens and instead requires a variable rate pool providing liquidity consistently to different fixed rate pools.

Project History

Exactly Protocol was initiated in July 2021 by a diverse team of experts from the fields of software, economics, finance, and math. It was successfully launched on Ethereum Mainnet in November 2022 and expanded its operations to Optimism in March 2023. The project was backed by long-term capital partners with a solid track record in both 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 and more.

Future Prospects

Exactly Protocol aims to continue its expansion by following Optimism's Superchain approach and partnering with web3 projects and web2 fintech in the longer term. The ultimate goal is to bring the benefits of DeFi to everyday users, revolutionizing the future of personal finance.

Token Utility

The EXA token is the governance token of Exactly Protocol, holding significant utility for its holders. The EXA token holders have the right to vote on proposals for changes and upgrades in the protocol. They exercise control over the Exactly Protocol's treasury, risk management, and smart contract upgrades, giving them a vital role in the growth and development of the protocol.