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)

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.

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 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.

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)

The Exa App has launched a new authentication system using passkeys to streamline DeFi access. Key features include: - Biometric verification replaces traditional seed phrases - Self-custodial security maintained through device-level encryption - Automatic syncing with Google Password Manager and iCloud Keychain - 20x cheaper transaction verification through RIP-7212 standard - Built on ERC-6900 for modular account management The integration, developed with Circle and Alchemy and audited by Quantstamp, aims to remove technical barriers while maintaining security standards. Users retain full custody of funds with simplified access through fingerprint or facial recognition.

Exactly Protocol has initiated its new esEXA rewards program, commencing December 5th at 06:14 GMT. The program will: - Distribute 95,000 esEXA tokens - Run for a four-week period - Reward both depositors and borrowers on the platform This represents a 7% increase from the previous distribution of 88,750 tokens in November. **Key Details:** - Start Date: December 5th, 2024 - Duration: 4 weeks - Total Distribution: 95,000 esEXA

Exactly Protocol introduces the Exa App, featuring the first onchain credit and debit card available in 180+ countries. Key features include: - Passwordless login with biometric authentication - Yield generation on deposited assets (USDC, ETH, wstETH, WBTC, OP) - Debit mode for direct spending - Credit mode with fixed-rate loans and 6 installment payments Current alpha testing shows: - 240+ cards created - $33k processed - $160k in balances Launch timeline: - Dec 2024: Alpha testing - Jan 2025: App store release - Feb 2025: Major wallet integrations

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.

Exactly Protocol's Q3 2024 report highlights key milestones: - EXA Staking Program launched, allowing holders to earn treasury fees and gain voting power - New audits completed for Exa App Webauthn Owner Plugin and Staking Contract - Partnership with Hypernative to enhance security with real-time monitoring - Protocol stats: - 391k esEXA tokens claimed - 13% of EXA total supply in vesting - 2.2k active vesting streams Exa App alpha testing ongoing, with launch on Android and iOS in 180+ countries coming soon. For more details: https://exactly.app/