Exactly Protocol
  • Getting started
    • ๐Ÿ””Welcome
    • โžก๏ธIntroduction
    • โ”FAQ
    • ๐Ÿ”—Quick Links
  • Governance
    • ๐Ÿ›๏ธExactly Protocol Governance
      • โœ๏ธProposals and Voting
      • โšกSnapshot
      • ๐Ÿ“„Exactly Improvement Proposal (EXAIP) Template
    • โšซExactly Protocol (EXA)
      • ๐Ÿ“ŠEXA Tokenomics
      • โšชEscrowedEXA (esEXA)
      • EXA Staking Program (stEXA)
  • EXA APP
    • The Exa App
    • How the Exa App works
    • The Exa App Webauthn Owner Plugin
    • Exa Plugin
    • Exa App FAQs
  • Guides
    • โš™๏ธProtocol
      • Auditor
      • MarketETHRouter
      • Market
        • ERC-4626
      • PriceFeedWrapper
      • PriceFeedDouble
      • InterestRateModel
      • RewardsController
    • ๐Ÿ›ฐ๏ธPeripheral Contracts
      • ๐ŸŒ€DebtManager
      • โšซEXA
      • โšชesEXA
      • ๐Ÿช‚Airdrop
      • ๐Ÿ‘€Previewer (read-only)
      • ๐Ÿ‘“DebtPreviewer (read-only)
      • RatePreviewer (read-only)
    • โœจFeatures
      • Bad Debt Clearing
      • Dynamic Close Factor
      • Earnings Accumulator
      • Cross-Asset Leverager & Deleverager
      • Liquidity Reserve
      • Rewards Distribution Model
      • Rate Manipulation Prevention
      • Rollover
    • ๐Ÿ’ฒFixed Rate Operations
      • ๐Ÿ“ฅDeposits
      • ๐Ÿ“คBorrows
    • ๐Ÿ”ขParameters
    • ๐Ÿ“ˆInterest Rates Curves
    • โ™ป๏ธLiquidations
      • ๐Ÿค–Exactly's Bot
    • โ›“๏ธSmart Contract Addresses
    • ๐ŸŒThe Graph
    • ๐Ÿ”ฎChainlink Price Feeds
  • Security
    • ๐Ÿ”ŽAudits
    • ๐Ÿ”‘Access Control
    • ๐Ÿ›ก๏ธHypernative
    • ๐ŸงชTesting
    • ๐ŸงฏEmergency Procedure
    • ๐Ÿ›Bug Bounty Program
  • Resources
    • ๐Ÿ“ƒWhite Paper
    • ๐Ÿ”ฃMath Paper v1
    • ๐Ÿ”ฃMath Paper v2
    • ๐ŸคPartnerships
    • ๐Ÿ“บPresentations
    • ๐Ÿ“ฃBrand Assets
  • Legal
    • โš–๏ธTerms and Conditions of Use
    • ๐Ÿ”Privacy Policy
    • ๐ŸชCookies Policy
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  1. Getting started

Introduction

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Last updated 9 months ago

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TL;DR

Exactly protocol takes a new approach to interest rate discovery in DeFi. Rather than relying on the value of multiple maturity tokens, we look at the utilization rate of several maturity pools, enabling us to offer both variable and fixed rates within the same protocol.

Exactly is a decentralized, non-custodial, and open-source protocol that provides an autonomous interest rate market to lenders and borrowers while setting interest rates based on credit supply and demand, enabling users to frictionlessly exchange the time value of their crypto assets at both variables and fixed interest rates for the first time in DeFi.

Aside from taking loans and making deposits at variable interest rates from a Variable Rate Pool, Exactly enables users to do so at fixed rates through interaction with several Fixed Rate Pools, each representing a specific maturity date. Interest rates are determined based on the credit utilization rate of each Fixed Rate Pool.

Exactly Protocol Interest Rate Model v2

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