Exactly ETH Barcelona Presentation
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In this presentation we introduce a new decentralized, non-custodial and open-source protocol that will provide an autonomous interest rate market to lenders and borrowers while setting interest rates based on credit supply and demand, enabling users to frictionlessly exchange the time value of their crypto assets at both variable and fixed interest rates for the first time in DeFi. Aside from taking loans and making deposits at variable interest rates from a Variable Rate Pool, this protocol enables users to do so at fixed rates as well through the interaction with several Fixed Rate Pools, each one representing a specific maturity date. Interest rates are determined based on the credit utilization rate of each Fixed Rate Pool.
Exactly ETH Barcelona Presentation
- 1. @GabrielGruber Founder xact.ly ETH Barcelona July 8, 2022 10am CET Decentralizing the time-value of money
- 2. 2 Why we do it?
- 3. 3 Credit is part of everyones life
- 4. For example: Alice, Bob and Cata Bob Cata 4 Fixed monthly salary They cant pay a variable interest rate loan that changes every 13 seconds. Alice They can pay a 鍖xed interest rate loan for a number of month/years.
- 5. Alice, Bob and Cata @Spain: 7% 5
- 6. 鶲 Alice, Bob and Cata @Argentina: 63% 6
- 7. Why does this happen? 7
- 8. Can crypto solve this global problem? 8
- 9. In 2008, the Bitcoin Blockchain decentralized trust with a single crypto currency: Bitcoin How it started: Bitcoin 9
- 10. In 2014, the Ethereum blockchain decentralized trust with a single virtual machine that can run smart contracts like tokens, NFTs and DAOs. How its going: Ethereum 10
- 11. We have a global decentralized layer 11
- 12. A new global decentralized credit mkt 12
- 13. 1st . Complete the DeFi credit mkt 13 Variable Interest Rate Fixed Interest Rate Deposit Borrow Deposit Borrow Compound AAVE Notional Yield Element Pendle Exactly
- 14. 14 Variable Interest Rate Fixed Interest Rate Deposit Borrow Deposit Borrow Compound AAVE Notional Yield Element Pendle Exactly 1st . Complete the DeFi credit mkt
- 15. 15 Variable Interest Rate Fixed Interest Rate Deposit Borrow Deposit Borrow Compound AAVE Notional Yield Element Pendle Exactly 1st . Complete the DeFi credit mkt
- 16. Variable Interest Rate Fixed Interest Rate Deposit Borrow Deposit Borrow Compound AAVE Notional Yield Element Pendle Exactly 16 1st . Complete the DeFi credit mkt
- 17. The Complete DeFI Credit Mkt 17 Fits in Exactly one protocol
- 18. The Exactly Protocol Approach Variable Interest Rate Fixed Interest Rate Interest Rate Discovery DeFi Protocol Exactly Multiple Utilization Rates One Utilization Rate Compound AAVE Element Pendle Notional Yield One Maturity Token Two Maturity Token 18
- 19. 19 With a New Interest Rate Model
- 20. 20 Our Variable Rate Pool
- 21. 21 Our Variable and Fixed Rate Pools
- 22. 22 Working together with 5 top auditors
- 23. Blockchain Exact.ly DeFi whales Aggregators Other Protocols Wallets Exchanges Fintechs Banks DeFi users Crypto users Alice, Bob & Cata Exactly v1.0 L1 Exactly v2.0 L2+DAO Exactly v2.1 Credit Scoring Our roadmap to Alice, Bob and Cata 23 鶲 鐃緒申 鐃緒申
- 24. How the future of credit looks like? 24
- 26. Wen White Paper? Now 26
- 27. Wen Testnet Live Demo? Now 27
- 28. Wen POAP? Now 28
- 29. Thanks!
- 30. Disclaimer 30 This presentation is for general information purposes only. It does not constitute investment advice or a recommendation or solicitation to buy or sell any investment and should not be used in the evaluation of the merits of making any investment decision. It should not be relied upon for accounting, legal or tax advice or investment recommendations. This presentation reflects current personal opinions of the author and are subject to change without being updated.