This startup has developed a decentralized, non-custodial protocol that creates an autonomous interest rate market for lenders and borrowers, utilizing fixed and variable rate pools based on credit supply and demand. Users can efficiently manage their crypto assets by accessing loans and deposits at both fixed and variable interest rates, determined by the credit utilization of each pool.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Current DeFi protocols often lack the ability for users to hedge against interest rate volatility, creating uncertainty for both lenders and borrowers. Existing fixed-rate solutions can be inefficient due to peer-to-peer matching complexities or may not adequately capture liquidity, hindering broader adoption.
Solution
Exactly Protocol provides a decentralized, non-custodial money market protocol that enables users to lend and borrow crypto assets at both fixed and variable interest rates. The protocol utilizes a dual-pool system, comprising Variable Rate Pools and Fixed Rate Pools with specific maturity dates, to cater to diverse user preferences and risk profiles. Interest rates within the Fixed Rate Pools are autonomously determined based on credit supply and demand, promoting efficient price discovery and hedging opportunities. By implementing the ERC-4626 standard, Exactly Protocol ensures that exaVouchers, representing deposited assets, are composable and can accrue variable earnings, enhancing capital efficiency and interoperability across the DeFi ecosystem.
Target Audience
The primary target audience includes DeFi users seeking to manage interest rate risk, liquidity providers aiming to optimize returns, and DAOs looking for efficient treasury management solutions.
Features
- Autonomous interest rate determination based on credit utilization within Fixed Rate Pools
- Dual-pool architecture offering both variable and fixed interest rate options
- ERC-4626 compliant exaVouchers for deposited assets, enabling composability and variable earnings
- Risk-Adjust Factors for each asset to determine collateralization ratios for borrowing
- Dynamic Close Factor to efficiently manage liquidations and return borrower accounts to solvency
- Flexible Fixed Rate Deposits and Loans, allowing early exits subject to market conditions
- Integration with Chainlink oracles for decentralized price feeds
- Governance via EXA token, enabling community participation in protocol upgrades and parameter adjustments