EXAIP-16: esEXA Reserve Increase Implemented
EXAIP-16: esEXA Reserve Increase Implemented
๐ Reserve boost activated
The Exactly Protocol has successfully implemented EXAIP-16, increasing the esEXA Reserve ratio to 35%. This change aims to enhance protocol stability for long-term holders.
Key points:
- New Reserve ratio: 35%
- Implementation date: October 16, 2024
- Goal: Improve protocol stability
This update follows the recent implementation of EXAIP-15, which adjusted Interest Rate Model Parameters across various markets.
For more information on these changes and their potential impact, visit the Exactly governance forum.
[EXAIP-16] Increasing the esEXA Reserve was successfully implemented, with the new Reserve ratio set at 35%.
๐ณ๏ธ [EXAIP-16] Increasing the esEXA Reserve A proposal to set the esEXA Reserve to 35%, enhancing protocol stability for long-term holders. Voting starts tomorrow ๐
๐ณ๏ธ [EXAIP-15] Interest Rate Model Parameters Update Introducing a better alignment of rates and supporting the upcoming @Exa_App. Voting starts tomorrow ๐
๐ข [EXAIP-15] Interest Rate Model Parameters Update and [EXAIP-16] Increasing the esEXA Reserve have passed the voting process and will be implemented on Wednesday.
๐ณ๏ธ [EXAIP-16] Increasing the esEXA Reserve A proposal to set the esEXA Reserve to 35%, enhancing protocol stability for long-term holders. Voting starts tomorrow ๐
[EXAIP-15] Interest Rate Model Parameters Update was successfully implemented, with the rates for each market now as follows:
๐ณ๏ธ [EXAIP-15] Interest Rate Model Parameters Update Introducing a better alignment of rates and supporting the upcoming @Exa_App. Voting starts tomorrow ๐
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)
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.