Exactly Protocol

Exactly Protocol is a decentralized, non-custodial, and open-source protocol that provides an autonomous interest rate market to lenders and borrowers while setting interest rates based on credit supply and demand, enabling users to frictionlessly exchange the time value of their crypto assets at both variables and fixed interest rates.

Aside from taking loans and making deposits at variable interest rates from a Variable Rate Pool, Exactly Protocol enables users to do so at fixed rates through interaction with several Fixed Rate Pools, each representing a specific maturity date. Interest rates are determined based on the credit utilization rate of each Fixed Rate Pool.

History

Exactly Protocol was started in July 2021, launched to Ethereum Mainnet in November 2022, and to Optimism in March 2023 by a team of stakeholders with expertise in technology, economics, finance, and math. Exactly was funded by long-term capital partners with a track record of alignment with Web2 and Web3 ecosystems. Some of their current investors are Kazsek, BairesDAO, 6thManVentures, NXTP, Newtopia, Kain Warwick (Co-Founder of Synthetix), Esteban Ordano (Co-Founder of Decentraland), Matias Woloski (Co-Founder of Auth0), Daedalus among others.

Sources

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[1] ttps://docs.exact.ly/resources/white-paper

[2] ttps://docs.exact.ly/getting-started/introduction

[3] ttps://docs.exact.ly/getting-started/faq

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Exactly Protocol