Exactly Protocol DAO Completes 1M EXA Token Transfer to Uphold
Exactly Protocol DAO Completes 1M EXA Token Transfer to Uphold
💰 Million Token Mystery Unfolds
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
The Exactly Protocol DAO has completed the transfer of 1 million EXA tokens to @UpholdInc as part of EXAIP-21: 1. 500,000 EXA transferred to Uphold's market-making wallet. 2. 500,000 EXA allocated in a linear stream over 3 years for Uphold. Transaction: optimistic.etherscan.io/tx/0x250591d7a…
Happy to announce that Uphold has completed our $2M investment in the Exactly Protocol. Pumped to partner with strong entrepreneurs like @GabrielGruber and bring finance on-chain in a big way! @ExactlyProtocol
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 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)