Exactly Protocol

The primary goal of Exactly Protocol is to decentralize the credit market by providing a platform where users can lend and borrow crypto assets at both variable and fixed interest rates in a decentralized, non-custodial, and autonomous manner.

Users can participate by lending or borrowing assets through the protocol, providing liquidity, and engaging in governance by holding and voting with EXA tokens. Additionally, developers can build on top of Exactly Protocol using its open-source infrastructure.

Exactly Protocol's unique approach to interest rate discovery, which relies on the utilization rate of maturity pools rather than the value of multiple maturity tokens, sets it apart. This method allows for both variable and fixed rates within the same protocol without the need for custom AMMs.

Security is a top priority for Exactly Protocol. The platform has undergone multiple audits by reputable firms such as Coinspect, Chainsafe, and ABDK. Additionally, the economic model was audited by Cryptecon, and the protocol has implemented features like the Revoke Allowances Feature and Security Hub to enhance user safety.

As with any DeFi platform, risks include smart contract vulnerabilities, market volatility, and potential liquidity issues. Exactly Protocol mitigates these risks through thorough audits, dynamic risk models, and continuous monitoring. However, users should conduct their own research and exercise caution when participating.