Exactly DAO Approves Protocol Split: Decentralized Core + Consumer App
Exactly DAO Approves Protocol Split: Decentralized Core + Consumer App
๐ Exactly splits in two
The Exactly DAO has approved EXAIP-32, a proposal that formally splits the project into two entities:
- Exactly Protocol remains decentralized and DAO-governed
- NewCo will operate the Exa App as a consumer-facing application designed to scale
This reorganization, which was put to vote on May 16th, formalizes a structure where the protocol maintains its decentralized nature while enabling a separate company to build and scale consumer products on top of it.
The approval follows the recent DAO decision to deploy the EXA token on Base, signaling continued development across both the protocol and application layers.
The EXAIP-32 proposal for the Exactly DAO reorganization has been approved โ
Voting is now open for EXAIP-32 ๐ณ๏ธ
Exactly became two things: a decentralized protocol, and a consumer app on top. The EXAIP-32 formalizes it: 1. The Exactly Protocol stays decentralized, and DAO governed. 2. A NewCo runs the Exa App, built to scale. Voting starts tomorrow ๐ณ๏ธ snapshot.box/#/s:gov.exa.etโฆ
Exactly Protocol Bridges to Base via Hyperlane
Exactly Protocol has completed a bridge transaction to Base using Hyperlane infrastructure. The transaction was recorded on June 30, 2026, marking the protocol's cross-chain expansion. **Key Details:** - Bridge executed through [Hyperlane](https://explorer.hyperlane.xyz/message/0xb88c0dfdfe29ab093f3b5752c411e2f57e172e68181e88274ae2bd3eecb8b448) - Destination: Base network - Part of ongoing Superchain integration This follows Exactly's earlier announcement of Hyperlane support for Superchain bridging.
ABDK Consulting Completes Independent Audit of Cross-Chain Implementation
**ABDK Consulting has finalized an independent security audit** of a cross-chain implementation, with the full report now available on GitHub. **Key Details:** - The audit was completed on June 30, 2026 - Full documentation is accessible at: [ABDK EXA token cross-chain audit report](https://github.com/exactly/audits/blob/main/ABDK%20EXA%20token%20cross-chain%20(Mar-26).pdf) - This follows a pattern of security audits for cross-chain architectures in the DeFi space The completion of this audit represents an important step in validating the security of cross-chain token implementations.
๐ต EXA Token Goes Live on Base Network
**EXA token has been deployed on Base**, maintaining the same contract address as on OP Mainnet for consistent cross-chain identity. **Key Details:** - Contract address: [0x1e925de1c68ef83bd98ee3e130ef14a50309c01b](https://basescan.org/address/0x1e925de1c68ef83bd98ee3e130ef14a50309c01b) - Deployment approved through EXAIP-30 governance proposal - Total supply remains fixed at 10M EXA tokens across both Base and Optimism - No additional tokens will be minted from this deployment The cross-chain expansion completes the protocol's multi-chain strategy while preserving the token's total supply cap.
๐ cbXRP Cap Hits $1.5M
Following community approval of EXAIP-31, Exactly has successfully increased the cbXRP supply cap to $1.5 million on Base. **Key Details:** - Implementation completed on April 28, 2026 - Transaction verified on [Base blockchain](https://basescan.org/tx/0xc691c75bbecea2d237f15a4ae625d1c51d6f77e2651bbc2c2d78e100df4319e4) - Further increases planned over coming weeks, targeting $15M total cap **Timeline:** - April 18: Proposal introduced - April 25: Community vote passed - April 28: Implementation executed This expansion allows more users to utilize cbXRP as collateral within Exactly's lending protocol.