Exactly Protocol
Crypto Overview
Overview
Exactly Protocol is a decentralized lending protocol launched on Optimism blockchain. The protocol introduces fixed and variable rate lending markets, allowing users to borrow and lend digital assets.
Purpose and Utility
The EXA token serves as the governance token for the Exactly Protocol. Token holders can participate in governance decisions regarding protocol parameters, upgrades, and treasury management. The token also captures protocol revenue through a revenue-sharing mechanism.
Business Model Analysis
The core business model revolves around facilitating lending and borrowing of digital assets, with users earning interest on deposits and paying interest on loans. The protocol generates revenue through fees charged on these lending operations.
Development and Adoption
The protocol shows active development with regular updates and improvements. The team maintains transparency through detailed documentation and regular community updates. However, the fundamental nature of the protocol centers on interest-based lending.
Token Distribution
The token distribution includes allocations for the team, early investors, and community incentives. While the exact percentages are publicly available, the primary concern is not the distribution but rather the underlying business model.
Crypto Impact
To assign a comfort level investing in Exactly Protocol from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Exactly Protocol.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.