Exactly Protocol
ValidatedDeFi
Investing
EXA$0.47281+0.47% ↑
DeFi protocol for lending & borrowing.
- 335 Followers335 Followers
- 145 Likes145 Likes
About Exactly Protocol
At Exactly Protocol, we aim to democratize a new generation of financial services by offering a user-friendly, secure, open-source, and non-custodial credit market. As a user, you can deposit and borrow crypto assets with both fixed and variable interest rates.
Exactly Protocol is a DeFi platform focused on offering both fixed and variable-rate borrowing and lending services. The platform's mission is to provide a transparent, efficient, and accessible financial ecosystem. By leveraging the Optimism network, Exactly Protocol offers lower transaction fees and faster transaction times, making it accessible to a wider audience. The protocol stands out by addressing the volatility often associated with variable interest rates, offering users more predictable financial products.
Exactly Protocol Magic Store Validation Score
See Results ››Exactly Protocol Review Score by Real Users
- 9
- 5
- 2
- 0
- 0
EXA Token Price Chart (Real Time)
Token Statistics
- Market Cap$584,627.00
- Volume$2,538.01
- Circulating Supply1,237,409.595
- Max Supply10,000,000
- FDMC$4,724,602
About Exactly Token Token
The EXA token serves as the governance token for the Exactly Protocol, a decentralized finance (DeFi) platform on the Optimism network. The EXA token enables holders to participate in governance, including decisions on collateral requirements, treasury management, and protocol upgrades. It also serves multiple utilities, such as staking and liquidity provisioning, where holders can lock their tokens to earn rewards and provide liquidity.
By staking EXA, users gain voting rights proportional to their holdings, which influence key protocol parameters. This decentralized governance model ensures the protocol evolves according to the community's interests. EXA tokens can be traded on various exchanges, including Velodrome and Coinstore. These features make EXA a crucial component of the Exactly Protocol's ecosystem, providing value and utility to its holders.
Exactly Protocol Magic Store Trust Score
- Audit Score
- 0No. Of. Audits
- MediumScore
- Security Validators Score
- 31.01.2024Validation Date
Exactly Protocol User Trust Reviews
Exactly Protocol FAQ
Exactly Protocol offers a unique mix of fixed-rate and variable-rate financial products, allowing users to lock in rates for set periods. This hybrid model helps protect against market volatility, providing both stability and flexibility. By using the Optimism network, the protocol ensures faster and cheaper transactions, further enhancing stability.
Absolutely! Exactly Protocol operates on a principle of decentralization. Even a small amount of EXA gives you voting rights, allowing you to influence key decisions like protocol upgrades and treasury management. This inclusive approach ensures that every participant's voice can be heard.
Exactly Protocol's fixed-rate loans offer the predictability of traditional loans without the need for intermediaries. Unlike banks, the protocol operates on blockchain technology, providing transparency and security. Users can lock in rates and avoid the volatility typical in traditional financial markets, all while enjoying the benefits of decentralization.
The protocol employs advanced mechanisms like dynamic close factors and regular security audits to manage risks. Cross-asset leveraging is carefully monitored to prevent over-leveraging, and a bug bounty program is in place to incentivize the discovery of vulnerabilities. These measures ensure a secure and reliable platform for all users.
While platforms like Aave and Compound focus on variable-rate products, Exactly Protocol offers a unique emphasis on fixed-rate loans. This focus caters to users seeking more predictable financial products. Additionally, the platform's governance model is highly inclusive, allowing even small holders to participate in decision-making, which fosters a strong community-driven ecosystem.
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