Exactly protocol - Decentralizing the Credit Market

What is Exactly protocol and what does it solve?

Exactly protocol takes a new approach to interest rate discovery in DeFi. Rather than relying on the value of multiple maturity tokens, we look at the utilization rate of several maturity pools, enabling us to offer both variable and fixed rates within the same protocol.

Exactly 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 for the first time in DeFi.

Aside from taking loans and making deposits at variable interest rates from a Variable Rate Pool, Exactly 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.

Token Overview

Token name: Exactly protocol
Token symbol:EXA/USDT
Total supply:10,000,000 EXA

The EXA token grants holders the right to vote on system changes and upgrades. Holders of the EXA token will wield power over the Protocol’s treasury and smart contract upgrades.

As the Protocol develops, EXA token holders will play a crucial role in decision-making, including setting collateral requirements, introducing new collateral types, adjusting borrowing and lending terms, and managing token incentives. These decisions demand thoughtful evaluation of various factors, and the Exactly team will provide research, analysis, and open-source simulations to assist the community in making informed decisions.

What are the strengths of Exactly Protocol?

Decentralized and Non-Custodial: Provides an open-source protocol ensuring transparency and security in financial transactions without relying on intermediaries.
Fixed and Variable Interest Rates: Offers users flexible options to deposit and borrow with both fixed and variable interest rates.
Advanced Interest Rate Model: Utilizes a continuous, non-linear function to support the development of a fixed income derivatives market.
Dynamic Risk Management: Features a sophisticated risk model to improve capital efficiency and a dynamic close factor for efficient liquidation processes.
Optimal Asset Allocation: Employs a dynamic utilization rate for optimal allocation between variable and fixed rate pools based on market supply and demand.

What are the challenges faced by Exactly Protocol?

Market Volatility: As with any DeFi platform, Exactly Protocol faces risks associated with the volatility of crypto assets, which can impact the stability of interest rates and the value of collateral.
Security Risks: Being a decentralized, non-custodial system, it must continuously guard against potential security vulnerabilities, including smart contract exploits.
Regulatory Uncertainty: Navigating the evolving landscape of global regulations on cryptocurrencies and DeFi can pose significant challenges.
Adoption and Liquidity: Achieving widespread adoption and maintaining sufficient liquidity to ensure efficient operation of both variable and fixed rate markets are ongoing challenges.

The future

Expansion of Features: The protocol aims to enhance its offerings with advanced fixed income products and more sophisticated interest rate models.
Increased Adoption: Focused on growing user base and liquidity to solidify its position in the DeFi space.
Cross-Chain Integration: Plans to integrate with multiple blockchain networks to improve accessibility and interoperability.
Enhanced Security: Continual improvement of security measures to protect against smart contract vulnerabilities.
Regulatory Compliance: Adapting to regulatory changes to ensure long-term sustainability.

Exactly Protocol Network Official Media

Website

About Coinstore

Accessibility. Security. Equity.

As a leading global platform for cryptocurrency and blockchain technology, Coinstore seeks to build an ecosystem that grants everyone access to digital assets and blockchain technology. With over 7 million users worldwide, Coinstore aims to become the preferred cryptocurrency trading platform and digital service provider worldwide.

Coinstore Social Media