Exa App Introduces Passkey Integration for Simplified DeFi Access
Exa App Introduces Passkey Integration for Simplified DeFi Access
馃攼 Goodbye Seed Phrases
The Exa App has launched a new authentication system using passkeys to streamline DeFi access. Key features include:
- Biometric verification replaces traditional seed phrases
- Self-custodial security maintained through device-level encryption
- Automatic syncing with Google Password Manager and iCloud Keychain
- 20x cheaper transaction verification through RIP-7212 standard
- Built on ERC-6900 for modular account management
The integration, developed with Circle and Alchemy and audited by Quantstamp, aims to remove technical barriers while maintaining security standards. Users retain full custody of funds with simplified access through fingerprint or facial recognition.
A step towards bringing DeFi closer to the end user. Introducing the @Exa_App 馃У
Seamless, secure, and self-custodial. A thread on how the @Exa_app is streamlining DeFi with passkeys and modular accounts 馃У
Buy a Home Using Bitcoin as Collateral via Exactly Protocol
A new DeFi solution enables homebuyers to leverage their Bitcoin holdings for real estate purchases without selling. Here's how it works: - Deposit wrapped Bitcoin (WBTC) as collateral on Exactly Protocol (OP mainnet) - Borrow USDC at a fixed interest rate - Convert USDC to fiat for home purchase This process allows investors to maintain their Bitcoin exposure while accessing real estate markets. The fixed-rate feature provides predictable loan terms and costs. Similar solutions are emerging in specific markets like Hawaii, where 100% BTC-backed property loans are now available with: - 2-year terms - 10% fixed rate - Flexible crypto repayment options [Try Exactly Protocol](https://app.exact.ly/WBTC)
EXAIP-22: Exa Labs Development Plan for 2025 Open for Voting
The Exactly Protocol community can now vote on EXAIP-22, a crucial proposal focused on funding Exa Labs' development initiatives for 2025. The proposal aims to: - Support continued Exa App development - Drive growth of Exactly Protocol - Enhance protocol functionality and user experience This follows February's EXAIP-21, which focused on Uphold's strategic investment and liquidity provision. **Voting Details:** - Proposal ID: 0xc0c32bcf7e6ed84a6e6b05471180a4b61fa4bfd432d5576f45776884e7f107fa - Platform: [Exactly Governance Portal](https://gov.exact.ly) Community members are encouraged to review and cast their votes.
Exactly Protocol DAO Completes 1M EXA Token Transfer to Uphold
The Exactly Protocol DAO has executed a significant token transfer as part of EXAIP-21: - 500,000 EXA tokens transferred to Uphold's market-making wallet - Additional 500,000 EXA tokens allocated through a 3-year linear stream This transfer follows Uphold's strategic investment proposal from February, which included: - 2M USDC investment into Exactly DAO Treasury - Integration of Exa App and Exa Card with Uphold App - Focus on expanding institutional adoption [View transaction details](https://optimistic.etherscan.io/tx/0x250591d7a380baf4c2d6ece549be8b9f5385391ec8f434f550de58e52ba11a30)
Exactly Protocol Announces New esEXA Rewards Program
Exactly Protocol launches its latest esEXA rewards distribution program starting today. The protocol will distribute 65,000 esEXA tokens over a four-week period, specifically targeting USDC and ETH depositors. This represents a modification from the December program which distributed 95,000 tokens and included borrowers in the rewards structure. - **Distribution Period**: 4 weeks - **Total Rewards**: 65,000 esEXA - **Eligible Users**: USDC and ETH depositors Participate in the rewards program by depositing ETH or USDC in the Exactly Protocol.
EXAIP-19 Time Decay Parameter Update Successfully Implemented
The Exactly Protocol has successfully implemented EXAIP-19, updating the Time Decay Parameter (_slow) in the Interest Rate Model (IRM). This technical upgrade follows the recent community vote and aims to: - Create smoother fixed-rate adjustments - Improve stability for borrowers - Enhance overall protocol efficiency The implementation marks the completion of the governance proposal that passed on January 27th, 2025. [View the original proposal](https://gov.exact.ly/#/proposal/0x5f6695fa431cf7def2c0443af1a90c2ed3468be223c98c608afb1569f5b4ec57)