📢 We want to announce that [EXAIP-06] Increasing the esEXA Reserve has passed the voting process and will be implemented.
https://gov.exact.ly/#/proposal/0xaa0fa1ea69371b6ba475962b488970778761be8b36427a08af5194264a573178

📢 Your feedback is invaluable, and we've turned it into reality!

✨New Dashboard✨

Managing your Active Vesting Streams on our web app is easier than ever. If you want to track your current EXA earnings, don't miss out! 👀
https://app.exact.ly/vesting

Exactly Protocol Q4 2023 Report is here 📰

✨ Are you ready to recap the progress and milestones achieved during the fourth quarter of 2023? Read the full article here:

https://medium.com/@exactly_protocol/exactly-protocol-report-q4-2023-5ab2e0838c77

🗳️ Introducing [EXAIP-07] EXA Security Grant Proposal by Hypernative.

This proposal seeks to implement Hypernative's proactive threat prevention and real-time monitoring platform to enhance the resiliency and security of Exactly Protocol.

👉Take a look at the proposal details on our Snapshot page here: https://gov.exact.ly/#/proposal/0x1d9916b71607aa8ff50394318ee6892665ffb96dc7ad3e7e4df7c36e04123001

🗳️ Introducing [EXAIP-08] Interest Rate Model Upgrade (IRM v2)

The new Exactly Protocol Interest Rate Model increases capital efficiency and enhances variable and fixed interest rate discovery processes.

Voting starts tomorrow 🔔

👉 Read the full details here: https://gov.exact.ly/#/proposal/0x1c6a4e074fa9ce8e9469c60de8c32bd7cb26b3e61984966d638d518d9fc2206f

🗳️ You can vote on the new [EXAIP-08] Interest Rate Model Upgrade (IRM v2)

https://gov.exact.ly/#/proposal/0x1c6a4e074fa9ce8e9469c60de8c32bd7cb26b3e61984966d638d518d9fc2206f

🔔 Remember that esEXA tokens have the same voting power as EXA tokens. This parity in voting rights ensures fairness and equal participation in the governance process.

More info here: https://docs.exact.ly/governance/exactly-protocol-governance/proposals-and-voting

Take a look at the proposal and vote 🗳: https://gov.exact.ly/#/proposal/0x1c6a4e074fa9ce8e9469c60de8c32bd7cb26b3e61984966d638d518d9fc2206f

📢 [EXAIP-08] Interest Rate Model Upgrade (IRM v2) has passed the voting process and will be implemented tomorrow.

Here’s what you need to know:

🔷Fixed Rates: The update will not affect existing fixed-rate loans and deposits.
🔷Variable Rates: For those of you with variable loans or deposits, expect to see your APRs adjusted according to the new model.

👀 Given the actual Total Utilization in the USDC market, the new variable rate will be higher with the new model.

Committed to ensuring a seamless rollout, the launch of the new Interest Rate Model (IRMv2) has been postponed for a few days 🛠️


The rescheduled launch date will be announced very soon.

📢 [EXAIP-09] IRM v2, Second Audit by Hashlock has been approved, and the new audit will start next week.
https://gov.exact.ly/#/proposal/0xe713fffedc13a7dd14ef233c42a7e09cb4e376c3fbbe4c3c94227717b332182e

📢 IRM v2 (EXAIP-08) update:
Tomorrow, after 19:40 GMT, the new Interest Rate Model will be implemented ✅
In this video, we're breaking down what it's all about 📽️

The Interest Rate Model Upgrade (IRM v2) is now live!

📈 This implementation provides considerable improvements in the variable and fixed interest rate discovery process in the Exactly Protocol.

Explore the background, the new IRM, and its benefits to the DeFi ecosystem in this article 👉 https://medium.com/@exactly_protocol/exaip-08-interest-rate-model-upgrade-irm-v2-16759de270e6

🗳️ You can vote on the new [EXAIP-10] Installments Router and New Market Roles, First Audits

A proposal by Hashlock as the auditor for the InstallmentRouter smart contract and the upgrades made to the New Markets Roles and States contract.

https://gov.exact.ly/#/proposal/0x1551f3f187dcc403bbfb4ecd9a3bdd1adbe3e850d8c10390447a079d45176410

🔔 Remember that esEXA tokens have the same voting power as EXA tokens. This parity in voting rights ensures fairness and equal participation in the governance process.

📢 [EXAIP-10] Installments Router and New Market Roles, First Audits by Hashlock has been approved, and the new audits will start on Thursday.
https://gov.exact.ly/#/proposal/0x1551f3f187dcc403bbfb4ecd9a3bdd1adbe3e850d8c10390447a079d45176410

📢 [EXAIP-11] Enabling USDC native in OP Mainnet has been approved and will be implemented soon.
https://gov.exact.ly/#/proposal/0x68a159902320c651871ae0d45e1a0c19488797a4d9f184b7f2d53dbce336793e

The new audits by ABDK & Hashlock are coming 🔜
* InstallementsRouter.sol: many fixed-rate borrows in one tx.
* Market.sol: automatic pause for Hypernative and naming update for USDC native market debut with OP rewards.

A new EXAIP governance proposal to launch the EXA Staking Program is coming 🔜

For context:

* The treasury fee refers to the percentage of interest rate charges paid by borrowers that the protocol retains for its treasury. The current treasury fee is 20%.
https://docs.exact.ly/guides/parameters

* You can check the Exactly DAO treasury wallet here:
https://debank.com/profile/0x23fd464e0b0ee21cedeb929b19cabf9bd5215019/