📣 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.
🧵👇
🚀 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 > 🧵
📢 We're thrilled to announce that Exactly Protocol is now live on
@optimismFND
🔴✨
Say hello to L2 and enjoy lightning-fast transactions, high security, and low fees while depositing and borrowing at variable and fixed interest rates 🚀
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 🧵👇
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:
To further enhance transparency, we've updated our docs, adding a new section about how
@graphprotocol
empowers us to index & query data more efficiently.
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 🥳
📣 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 🔮
📊 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
We’ll explain exactly what you need to know about Exactly and show you 3 interesting dashboard metrics about them
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.
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.
🚨OP Token rewards are now live on Exactly Protocol 🔴✨
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 🧵👇
Feeling Optimistic 𝚵
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 🧵👇
The $EXA Tour has started on
@VelodromeFi
🚴♀️💨
We have allocated 400 EXA tokens as incentives for $veVELO voters who support the allocation of $VELO rewards in the EXA/WETH pool.
🥁 Introducing another community-driven innovation: Our new Rollover feature 🔄
This new tool allows our users to refinance their fixed & variable loans in multiple ways.
🧵👇
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.
Token distribution for the community:
1️⃣Airdrop 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.
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.
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.
📣 Exactly good news for EXA racers! 🚴♀️💨
Introducing the new self-custodial Proto-Staking Program. A community-driven feature powered by
@VelodromeFi
to easily stake $EXA while earning $VELO.
Introducing Exactly Protocol's new UI - a significant upgrade designed to make DeFi lending/borrowing accessible to everyone 🚀
What's New? Let's dive in 🧵👇
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.
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:
📣 Introducing our partnership with
@SocketDotTech
, allowing users to interact with Exactly Protocol on OP Mainnet across different networks 🌉
Bridge and swapping assets from different networks to OP Mainnet is now possible in a unified and streamlined approach 🚀
Exactly Protocol is now live on Optimism & rewards are starting soon 🔴🪂🔜
Are you new to Exactly? Here's what you need to know about our lending and borrowing protocol with fixed and variable interest rates 🧵👇
Exciting updates 🔜
1. The EXA staking program (stEXA) 🥩
2. Our new Interest Rate Model (IRM) 📊
We'll be proposing these ideas to governance for EXA holders feedback and vote 📦
Please stay tuned!
🔒 At Exactly Protocol, security is our top priority.
We are excited to share the final reports from our recent audits conducted by
@coinspect
&
@ABDKconsulting
.
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 📥 & take borrows 📤 at fixed & variable interest rates using wstETH 💧 on Optimism.
Get ready for an exciting week ahead! 🔥
We have some big announcements to share with you on the road to decentralization. What do you think we'll be launching? 👀
🚨 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.
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.
🪂 Start claiming your EXA airdrop in the new Governance section now 👇
📣 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.
🛠️ 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!
✨ 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! 🔴
Please stay tuned for our next Rewards Update this Monday 🫡
How does the protocol generate revenue? 🤔
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 💰
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.
✨ Get ready, folks! We’re thrilled to announce that Exactly Protocol will be an official sponsor at
@EthereumDenver
✨
We can’t wait to connect with all the web3 builders and enthusiasts out there!
Bitcoin decentralized trust with a single crypto currency.
Then Ethereum decentralized trust with a single virtual machine.
Now let’s decentralize the time-value of money with a single protocol.
What makes Exactly different? 1/5 🧵
1. Interest Rate Model: Continuous and differentiable (non-linear) function that will set the groundwork for the development of a fixed income derivatives market.
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.
𝚵 🤝 🐟
To further enhance transparency, we will publicly share all changes made to our protocol’s risk parameters through our official blog to give users visibility into the protocol's decision-making process.
More details coming 🔜
🛡️ As security is our top priority, we're thrilled to announce our partnership with
@NexusMutual
and
@InsurAce_io
, enabling insurance coverage for our users.
Discover all the details 🧵👇
Eligible users will receive their tokens through a gradual stream facilitated by
@Sablier
.
🔎 Users who want to check if they are eligible for the EXA airdrop can do so at this link 👇
Say hello to our new charts! 📈
You can now find the following charts for each of our markets:
✅ Historical Rates
✅ Yield Curves
✅ Utilization Rates
Let's delve into what's new 🧵👇 (1/8)
🗓️ Next Monday, July 24, at 2 pm UTC, the distribution of EXA rewards will start at the same time that the EXA airdrop begins to be distributed. In addition, a new period of OP rewards will kick off.
Please stay tuned for our rewards update 👇
Building on our commitment to promote transparency with our community, we're excited to announce that updates on rewards distributed across all Exactly Protocol markets will now be shared every four weeks.
🗓️ Mark your calendars - The next update will be this Monday, July 24.
Have you heard about our mission at Exactly Protocol to decentralize the Time Value of Money?
Curious about what that means and how we're bringing it to the DeFi credit market? 🤔
Keep reading!🧵👇