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Exactly Protocol is a decentralized finance (DeFi) platform that facilitates the borrowing and lending of cryptocurrencies. Its primary purpose is to streamline these financial activities by leveraging blockchain technology. By enabling a trustless environment through smart contracts, Exactly ensures transparent, secure, and efficient transactions without the need for intermediaries, thus promoting a more inclusive financial ecosystem.

Exactly Protocol distinguishes itself by determining fixed interest rates based on the utilization rate of liquidity pools with varying maturity dates, unlike other platforms that rely on maturity token prices. This approach eliminates the need for a custom automated market maker (AMM) and relies solely on a variable rate pool to consistently provide liquidity, enhancing the efficiency and accessibility of borrowing and lending.

Users of Exactly Protocol can benefit from a transparent and decentralized ecosystem that allows for easy crypto asset deposits and borrowing. The platform provides flexible financial solutions through variable and fixed interest rates, enabling users to earn interest on their digital assets or borrow against them. Its smart contract-based system ensures secure transactions, and the governance by EXA token holders ensures community-driven innovations.

Exactly Protocol harnesses blockchain technology to automate and enforce borrowing and lending agreements through smart contracts. This use of distributed ledger technology ensures transparency, security, and efficiency in all transactions. By removing intermediaries, the protocol empowers users to engage in peer-to-peer financial activities directly, promoting a more inclusive financial environment.

EXA tokens serve as the governance token of Exactly Protocol, providing holders with the ability to vote on protocol proposals. This includes decisions related to protocol changes, upgrades, treasury management, and risk assessment. EXA holders influence critical aspects like smart contract adjustments, showcasing the protocol’s commitment to community participation and decentralized governance.

ExaVouchers, based on the ERC-4626 standard, are vouchers representing a user's deposited assets in Exactly Protocol. By supplying assets to the Variable Rate Pool, users increase liquidity for both variable and fixed rate pools. ExaVouchers accrue variable earnings over time, reflecting increased value when withdrawn, allowing users to benefit from enhanced liquidity and optimized asset management within the ecosystem.