Exactly

Exactly Protocol is a decentralized, non-custodial, open-source protocol that provides an autonomous interest rate market for lending and borrowing in DeFi. The platform decentralizes the time-value of money by offering both fixed and variable interest rate pools, with rates set based on credit supply and demand. Key innovations include a continuous and differentiable non-linear interest rate model that supports fixed income derivatives, a dynamic close factor for more efficient liquidation, a risk model with risk-adjusted collateral for improved capital efficiency, and a dynamic utilization rate for optimal asset allocation between variable and fixed rate pools. The protocol has been audited and enables depositors to earn fixed interest rates assured by previous borrowers. Founded in 2021 and headquartered in Montevideo, Uruguay, Exactly has raised approximately $5 million in Seed funding from investors including Kaszek, NXTP Ventures, Borderless Capital, and 6MV.