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
Exactly DAO Continues EXA Token Buyback Program Progress
**Exactly DAO Treasury** completed another buyback of **15,986 EXA tokens**, bringing the cumulative total to **92,458 EXA tokens** acquired. This represents **76% progress** toward the 122,000 EXA token target approved in EXAIP-25. **Recent DAO improvements include:** - Streamlined asset management structure - **Treasury Multisig**: handles treasury fees, sends 50% of USDC fees to EXA stakers - **Savings Multisig**: manages other DAO assets (USDC, EXA, etc.) The buyback program demonstrates consistent execution of the approved governance proposal, with regular token acquisitions supporting the protocol's tokenomics.
Exa App Launches USDC Funding Feature with Crypto Collateral
The Exa App introduces a new USDC funding feature powered by the Exactly Protocol. Users can now use crypto assets (ETH, WBTC, USDC, OP, wstETH) as collateral to access instant USDC funding. Key features: - No credit score or paperwork required - Fixed interest rates - Up to 8 installment payments - Flexible first payment date selection - All transactions executed on-chain The funding amount is determined by collateral value, existing loans, and linked card purchases. This development represents a significant step in making DeFi tools more accessible through a simple mobile interface. Follow updates on [Twitter](https://x.com/ExactlyProtocol) or join the [Discord](https://discord.com/invite/eNTyPvgA4P).
Exactly DAO Treasury Executes 24,000 EXA Weekly Buyback
The Exactly DAO Treasury multisig has completed its latest weekly EXA token buyback, purchasing 24,000 EXA. This action follows the successful approval of [EXAIP-25](https://gov.exact.ly/#/proposal/0xb780d899d51109350806b5343f105e5dee9d4841c7bbac88d9f05496a1d0769c), which authorized: - Buyback of up to 122k EXA from EXA/WETH Velodrome Pool - Weekly scheduled repurchases throughout 2025 - Recovery of tokens previously distributed for VELO emissions This marks the second weekly buyback execution since the proposal's implementation.
esEXA Rewards Program Update - May 2025
Exactly Protocol launches its latest esEXA rewards program today. The protocol will distribute **35,500 esEXA tokens** to USDC and ETH depositors over a four-week period. This represents a reduction from the previous distribution of 65,000 tokens in February 2025, indicating an adjusted rewards strategy. - Distribution Period: 4 weeks - Eligible Assets: USDC and ETH deposits - Total Rewards: 35,500 esEXA Participate now by depositing ETH or USDC in the protocol.
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)