Exactly USD Coin (EXAUSDC)

Exactly USD Coin (EXAUSDC) is a decentralized, non-custodial, and open-source protocol that aims to decentralize the credit market. It provides users with an autonomous fixed and variable interest rate market, allowing them to easily exchange the time value of their assets and contribute to the development of the decentralized finance (DeFi) credit market.

One of the key features of Exactly is its interest rate model, which is a continuous and differentiable function that sets the foundation for the development of a fixed income derivatives market. Additionally, the protocol introduces a dynamic close factor, a new liquidation process that efficiently and equitably returns users to solvency. Exactly’s risk model improves capital efficiency by increasing lending power through risk-adjusted collateral and debt for the health factor calculation.

With Exactly, assets are optimally allocated between Variable and Fixed Rates Pools based on the supply and demand of credit, ensuring the solvency condition for depositors with fixed interest rates. The protocol encourages community participation through bug bounties and invites investors and developers to join the project’s community, access in-depth documentation, and contribute through GitHub. Exactly USD Coin aims to revolutionize the credit market by providing an open and decentralized ecosystem for users to exchange the time value of their assets in a secure and efficient manner.