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Exactly Protocol

Exactly Protocol is a decentralized, non-custodial, open-source protocol providing an autonomous fixed and variable interest rate market.
Distributed
6 current maintainers2 active leads1 lead step-down

Maintainer signals as of Aug 10, 2026


Description

Exactly Protocol is a decentralized, non-custodial, open-source protocol that provides an autonomous fixed and variable interest rate market, aiming to complete the DeFi credit market. The protocol differentiates itself through several key features: an Interest Rate Model with a continuous and differentiable function to support a future fixed income derivatives market; a Dynamic Close Factor for a more efficient and equitable liquidation process; a Risk Model that improves capital efficiency by using risk-adjusted collateral and debt for health factor calculations; a Dynamic Utilization Rate for optimal asset allocation between Variable and Fixed Rate Pools based on credit supply and demand; and a Solvency Condition where fixed interest rates for depositors are guaranteed by borrowers paying fixed rates.

Grant Funding

VC Funding

OP
2023
2025

$17K

$4M

Open Roles

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