Whats Exactly Protocol?
It's a decentralized finance (DeFi) protocol that allows users to exchange the value of their crypto assets at both variable and fixed interest rates. It's like a financial chameleon, adapting to the ever-changing world of cryptocurrencies. Launched in November 2022 on Ethereum Mainnet and in March 2023 on OP Mainnet, it aims to bring the benefits of DeFi to the end-user.
With a team of experts in technology, economics, finance, and math, and backed by long-term capital partners, Exactly Protocol has recently hit the milestone of $100 million in deposits. The protocol is open-source, non-custodial, and based on the ERC-4626 standard. It uses an innovative interest rate model that sets rates based on the credit utilization rate of pools with different maturity dates.
In conclusion, @ExactlyProtocol is like a financial Swiss Army knife, offering a variety of tools to navigate the DeFi landscape. Just remember to handle it with care, as the world of crypto can be as unpredictable as a game of intergalactic poker.