Exactly is a decentralized, self-custodial, open-source protocol for depositing and borrowing crypto assets at variable and fixed interest rates.
OP Mainnet
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๐ฃ The EXA token is here!
We're proud to announce the launch of the EXA token and the Exactly DAO.
Our commitment to decentralizing Exactly Protocol's governance and enhancing resilience is crucial in our mission to democratize access to financial services.
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๐ We are very happy to announce we raised $3 million in a seed funding round to bring fixed income to DeFi! More about our team, vision and investors in this thread > ๐งต
medium.com/@exactly_finance/โฆ
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Our app is live on Ethereum Mainnet! ๐ app.exact.ly/
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๐ข We're thrilled to announce that Exactly Protocol is now live on @optimismFND ๐ดโจ
Say hello to L2 and enjoy lightning-fast transactions, high security, and low fees while depositing and borrowing at variable and fixed interest rates ๐
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Proud to announce that Exactly Protocol is now using @graphprotocol's decentralized network to unlock the full potential of the DeFi ecosystem through the power of subgraphs.
Dive into the details ๐งต๐
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Exactly is officially announcing a bounty of $700,000 for any information that results in the recovery of all stolen funds and the arrest of the attacker responsible for the protocol hack.
If you have any information you believe will be helpful, please contact us: hello@exact.ly.
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We are thrilled to announce that Exactly Protocol has successfully raised $2M in funding to further revolutionize the DeFi credit market with fixed and variable interest rates ๐ฅณ
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To further enhance transparency, we've updated our docs, adding a new section about how @graphprotocol empowers us to index & query data more efficiently.
docs.exact.ly/guides/the-graโฆ
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๐ฃ Proud to officially announce our integration with
@chainlink to provide a more secure & efficient pricing mechanism.
At Exactly, all asset prices, including stablecoins, are accurately determined by sourcing data from the Chainlink Price Feed oracle ๐ฎ
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๐จ The EXA airdrop is here! ๐ช
We're proud to announce the beginning of the EXA airdrop distribution ๐
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๐ We've partnered with @nansen_ai to provide a deeper understanding of our user's journey and offer accurate insights about borrowing and lending activity at Exactly Protocol.
Did you know we make custom dashboards for protocols and chains to provide a deeper understanding of their users to help them grow?
One example is @ExactlyProtocol
Weโll explain exactly what you need to know about Exactly and show you 3 interesting dashboard metrics about them
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What Exactly are we building
medium.com/@exactly_finance/โฆ
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๐ DeFixed Income 101:
medium.com/@exactly_finance/โฆ
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It seems Vitalik really liked one of Exactly's limited edition t-shirts. Only 7 exist. Looks rare to me ๐
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We're actively investigating a security issue within our protocol. To ensure user safety, the protocol is temporarily paused (you can still withdraw assets). Our team is on top of this and will share more details asap.
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Exactly's Ethereum Full node is up and running.
Decentralizing finance for fun and profit โ๏ธ
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๐ Time to upgrade your payment experience! ๐
Transform Your Debit Card into a Credit Card with Exactly Protocol
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A message to the hacker has been sent to talk about potential next steps.
etherscan.io/tx/0x91dd9c55e1โฆ
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Yesterday, the DebtManager periphery contract was manipulated. The attacker passed in a malicious market contract address, bypassing the permit check, and executed a malicious deposit function to steal assets deposited by users. Approximately $7.3M were stolen.
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๐จOP Token rewards are now live on Exactly Protocol ๐ดโจ
Up to 600,000 $OP to be claimed by depositing & borrowing on Exactly Protocol's Optimism markets during the next six months.
Find out all the details ๐งต๐
Feeling Optimistic ๐ต
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We're now working with some of the same team that helped @eulerfinance and many other protocols to recover their stolen funds. This includes but isn't limited to @cryptogle, @euler_mab, @aliciakatz, @tayvano_, and several others.
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9/ ๐ We're now using @graphprotocol's decentralized network on Ethereum Mainnet to perform advanced queries & operations.
Proud to announce that Exactly Protocol is now using @graphprotocol's decentralized network to unlock the full potential of the DeFi ecosystem through the power of subgraphs.
Dive into the details ๐งต๐
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๐ด๐ด
Tour de OP Yellow Jersey Update ๐ด
Top racers last epoch:
๐ฅ @ExactlyProtocol
๐ฅ @LidoFinance
๐ฅ @synthetix
Tour participants shared in $51.494k in $OP boost incentives for their contributions to volume, ecosystem pairs, and voter incentives.
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Letโs work together!
github.com/exactly-finance/cโฆ
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The $EXA Tour has started on @VelodromeFi ๐ดโโ๏ธ๐จ
We have allocated 400 EXA tokens as incentives for $veVELO voters who support the allocation of $VELO rewards in the EXA/WETH pool.
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Dear frens: we are happy to announce that on Monday we'll start with the audit process of @exactly_finance v1 with @ChainSafeth and @coinspect.
Let's keep in touch! #OneSmallStep
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๐ณ๏ธ[EXAIP-21] Empowering Exa with Upholdโs Strategic Investment & Liquidity Injection
@UpholdInc proposes investing 2M USDC into the Exactly DAO Treasury to acquire 1M EXA tokens (10% of the total supply already minted).
This proposal represents increased liquidity for Exactly Protocol, the integration of Exa App and Exa Card with the Uphold App, and expanded institutional adoption.
Voting starts tomorrow.
๐Join the discussion: exact.ly/discord
gov.exact.ly/#/proposal/0xbfโฆ
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๐ฅ Introducing another community-driven innovation: Our new Rollover feature ๐
This new tool allows our users to refinance their fixed & variable loans in multiple ways.
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Come and see the Exactly kitchen ๐งโ๐ณ @ethlatam
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The protocol is now unpaused. As we announced, users are able to perform all operations, and no liquidations have occurred.
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It's been four weeks since the attack on our protocol, and we have given the attacker enough time to do the right thing. Unfortunately, they have chosen not to even communicate with us.
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Token distribution for the community:
1๏ธโฃAirdrop for early users: Community members that already used the protocol in OP Mainnet since we launched the OP rewards program last April will receive an airdrop of 1% (100,000 EXA) of the total token supply.
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.@OpenCover ๐ค Exactly Protocol
๐ก๏ธ New listing ๐ก๏ธ
We're excited to continue our partnership with @ExactlyProtocol ๐ฅณ
Keep your assets safe when depositing funds on Exactly with @NexusMutual.
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An upgrade to fix one of the periphery contracts was scheduled. As this change has a 24-hour timelock to be executed, the protocol will be unpaused on August 19 at 10 am UTC.
After the protocol is unpaused, users will be able to perform all operations.
We're actively investigating a security issue within our protocol. To ensure user safety, the protocol is temporarily paused (you can still withdraw assets). Our team is on top of this and will share more details asap.
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The unpause of the protocol will be today (August 19th) at 11:51 pm UTC. The team has implemented extra measures to enhance the process, but we understand this may still be an inconvenience. Your patience and understanding are greatly appreciated during this time.
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๐ฃ Exactly good news for EXA racers! ๐ดโโ๏ธ๐จ
Introducing the new self-custodial Proto-Staking Program. A community-driven feature powered by @VelodromeFi to easily stake $EXA while earning $VELO.
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๐ฃ Introducing cross-asset Leverage and Deleverage, our latest community-driven innovation to manage lends and borrows in just one transaction!
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Our launch timeline:
* 8-Jul: @eth_barcelona ๐ช๐ธ
Workshop (testnet demo) + White paper release
* 20-Jul: @EthCCWeek ๐ซ๐ท
Workshop (testnet demo) + Math paper release
* 11-Ago: @ethlatam ๐ฆ๐ท
Presentation + Workshop + Testnet launch
* TBD-Sep: Ethereum Mainnet launch ๐
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๐ฝ If you are a solidity dev and wanna join the Exactly family, we have two challenges, check in the comments below and send us yours completed! ๐
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Our team has developed a Post-Mortem analysis of the incident that occurred on Aug 18, 2023, that resulted in financial losses approximating $7.6 million.
The root cause of this compromise was traced back to vulnerabilities within the DebtManager smart contract.
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A financial crisis made bitcoin emerge: today something similar is happening with Covid and decentralized finance. Gabriel Gruber, Exactly's founder
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Introducing Exactly Protocol's new UI - a significant upgrade designed to make DeFi lending/borrowing accessible to everyone ๐
What's New? Let's dive in ๐งต๐
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We will also officially launch a $700K reward as an incentive to the community to help with the cause if by tomorrow we haven't received a reply from the attacker.
We've sent them a message in this tx: etherscan.io/tx/0xaf75c6afb8โฆ
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๐ฃ Introducing our partnership with @SocketDotTech, allowing users to interact with Exactly Protocol on OP Mainnet across different networks ๐
Bridge and swapping assets from different networks to OP Mainnet is now possible in a unified and streamlined approach ๐
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To learn more, please read our full article, where you can find all the details about token distribution and the Exactly DAO governance process ๐
medium.com/@exactly_protocolโฆ
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๐ค Exactly Protocol is officially part of the @circle Alliance Program!
Joining forces with a global network to shape the future of money, today ๐
partners.circle.com/exactly
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Exactly Protocol is now live on Optimism & rewards are starting soon ๐ด๐ช๐
Are you new to Exactly? Here's what you need to know about our lending and borrowing protocol with fixed and variable interest rates ๐งต๐
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Timeline status:
1) Develop + Test โ๐ป โ๏ธ
2) Team PR approve + Merge ๐๐ป โ๏ธ
3) External Audits + Fixes ๐ง
4) Deploy ๐
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๐ข Exactly Protocol and @UpholdInc intend to partner to expand the @Exa_App services and accelerate adoption.
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Exciting updates ๐
1. The EXA staking program (stEXA) ๐ฅฉ
2. Our new Interest Rate Model (IRM) ๐
We'll be proposing these ideas to governance for EXA holders feedback and vote ๐ฆ
Please stay tuned!
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How to buy your next home (fixed-rate) without selling your Bitcoin in 3 easy steps๐งต
1. Deposit WBTC in Exactly Protocol
2. Borrow USDC (fixed-rate)
3. Pay the seller in USDC
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Check out @ERC6900's new site for all things ERC-6900! ๐
The Exactly Protocol WebAuthn-Owner plugin for ERC-6900 modular accounts, built for the @Exa_App, is being audited by @Quantstamp this week. ๐
github.com/exactly/webauthn-โฆ
๐ New website launched! ๐
The go-to resource for all things ERC-6900!
๐ Resources & Tutorials
๐ซ Get involved with development
โ๏ธ Build or Request a Plugin
๐ List of Available & Future Plugins
๐ค Partner Programs
๐งต Co-authors๐
erc6900.io
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โ
Variable and Fixed Interest Rates (Nov-22).
โ
User-friendly interface (Mar-23).
โ
Low transaction fees ๐ด(Mar-23).
๐ Cross-Chain and Multi-Asset.
๐ Trading Strategies.
๐ Decentralized governance.
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๐ฃ @GabrielGruber talking about building web3 projects, live on @ethlatam ๐จ๐ด
Live streaming here ๐ piped.video/gvYaRfQgBKg
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Exactly for you! ๐ฅ A new EXA - WETH vault is now live on @yearnfi ๐
EXA - WETH vault: yearn.finance/vaults/10/0xc3โฆ
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๐ฃ Protocol update!
- Introducing OP rewards for wstETH ๐ด
- Treasury Fee activation ๐ฐ
- Updated Interest Rate Model and Risk-Adjust Factor parameters ๐
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We're thrilled to announce that we have made our WebApp repository on GitHub public and open-source ๐
github.com/exactly/app
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โ
Variable and Fixed Interest Rates (Nov-22) ๐
โ
User-friendly interface (Mar-23) ๐ค
โ
Low transaction fees (Mar-23) ๐ดโจ
โ
Cross-Chain and Multi-Asset (Jul-23) ๐
โ
Trading Strategies (Jul-23) ๐
๐ Decentralized governance (this Monday).
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๐บ @GabrielGruber talking on @CoinDesk about why Argentina is turning to crypto as inflation rates accelerate ๐ piped.video/watch?v=svSCve5fโฆ
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Gabriel Gruber, Exactly's founder, at Red Innova's DeFi panel alongside Mariano Di Pietrantonio (MakerGrowth) and Pablo Larguia.
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The value of your airdrop is divided into 9,676,800 seconds, equivalent to 4 months or 112 days. With each passing second, a portion of your funds becomes available for claiming.
๐ช Start claiming your EXA airdrop in the new Governance section now ๐
app.exact.ly/governance
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๐ฃ We'll be hosting our first #TwitterSpaces #AMA session tomorrow at 9 a.m. EST with Exactly's founder @GabrielGruber and @mdudas from @6thManVentures ๐ฅ
We'll be answering all of your questions, so leave a comment below with what you'd like to ask ๐
nitter.app/i/spaces/1PlJQpdzzZzGE
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๐ ๏ธ We are looking for the best solidity devs who want to change the financial landscape through DeFi.
Interested? Link to GitHub in the comments, or send us a DM!
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Get ready for an exciting week ahead! ๐ฅ
We have some big announcements to share with you on the road to decentralization. What do you think we'll be launching? ๐
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Since April, Exactly Protocol has handled +85k transactions, averaging 1 transaction every 2 minutes ๐
That's Exactly what adoption looks like! ๐
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We're thrilled to announce that @LidoFinance's wstETH is now live on Exactly Protocol's Optimism markets!
From now, our users can make deposits ๐ฅ & take borrows ๐ค at fixed & variable interest rates using wstETH ๐ง on Optimism.
medium.com/@exactly_protocolโฆ
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๐จ Remember that once you make your initial claim of the EXA airdrop, the @Sablier stream commences unlocking your tokens linearly over 4 months.
Every stream is represented as an ERC-721 NFT whose owner is the stream recipient.
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๐ฃ Rewards Update:
As our Rewards Controller contract is multi-asset capable, it unlocks the leverage to provide our users with rewards in numerous assets simultaneously. That's why we're introducing a new EXA token rewards program while extending the current OP rewards program.
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Special thanks to those mentioned above, as well as @sheikhswampert @Mudit__Gupta @wschwab_ @samczsun @hudsonjameson @chainalysis and the others who wish to remain anonymous for their ongoing support in this process.
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๐ At Exactly Protocol, security is our top priority.
We are excited to share the final reports from our recent audits conducted by @coinspect & @ABDKconsulting.
medium.com/@exactly_protocolโฆ
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Bitcoin decentralized trust with a single crypto currency.
Then Ethereum decentralized trust with a single virtual machine.
Now letโs decentralize the time-value of money with a single protocol.
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Since we launched Exactly Protocol, our goal has been to build a lending protocol that tackles real-world challenges while moving toward a fully decentralized governance model that encourages our community to operate and govern the project.
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โจ Starting this Monday, our users will be able to earn EXA rewards for depositing and borrowing at Exactly. Also, a new OP rewards cycle will begin! ๐ด
Please stay tuned for our next Rewards Update this Monday ๐ซก
Our latest OP ๐ด rewards:
๐ฅ Variable deposits:
USDC: 2.20% APR ๐ด
ETH: 2.83% APR ๐ด
wstETH: 1.74% APR ๐ด
๐ค Variable/Fixed borrows:
USDC: 2.25% APR ๐ด
ETH: 1.99% APR ๐ด
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What makes Exactly different? 1/5 ๐งต
1. Interest Rate Model: Continuous and differentiable (non-linear) function that will set the groundwork for the development of a fixed income derivatives market.
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How does the protocol generate revenue? ๐ค
The protocol generates revenue since the Treasury Fee was activated on OP Mainnet. The Treasury Fee is the percentage of interest rate charges paid by borrowers that the protocol retains for its treasury ๐ฐ
docs.exact.ly/guides/parametโฆ
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To further enhance transparency, we will publicly share all changes made to our protocolโs risk parameters through our official blog to give users visibility into the protocol's decision-making process.
More details coming ๐
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Proud to announce that our first community grant has been awarded to @anthiasxyz to build helpful dashboards & tools for our community!
Our users can now monitor their positions on Anthias to mitigate liquidation risks effectively.
๐ต ๐ค ๐
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Santi, part of the dev team is also passionate about snowboarding. What are your hobbies when you are not being a degen?
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Eligible users will receive their tokens through a gradual stream facilitated by @Sablier.
๐ Users who want to check if they are eligible for the EXA airdrop can do so at this link ๐
github.com/exactly/protocol/โฆ
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๐ฅ Time for our Recap #3 ๐๏ธ
Are you ready to recap the progress and milestones achieved during the second quarter of 2023? ๐งต๐
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โจ Get ready, folks! Weโre thrilled to announce that Exactly Protocol will be an official sponsor at @EthereumDenver โจ
We canโt wait to connect with all the web3 builders and enthusiasts out there!
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