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
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)