"Exactly Protocol is thrilled to announce its official launch on the Ethereum Mainnet, marking a significant milestone for the protocol. The team is proud to report that it has raised $5 million since its founding last year, with the latest funding round bringing in an additional $2 million.

Leading this fundraising round were web3 pioneers such as Kain Warwick, founder of Synthetix, Daedalus, a web3 angel collective, and Esteban Ordano, co-founder of Decentraland. Other investors included Bodhi Ventures, Newtopia, NXTP Ventures, and Kaszek Ventures.

"The launch of Exactly Protocol on the Ethereum Mainnet is a major achievement for the project and the DeFi community," said Gabriel Gruber, Founder of Exactly. "With our unique offering and talented team, we are well-positioned to impact the DeFi ecosystem significantly. Thanks to the support of our new strategic investors and the funds raised in this round, we can continue building a world-class team and making progress as a top DeFi protocol."

Exactly: a game-changer protocol in DeFi 

Exactly Protocol is poised to revolutionize the DeFi credit market with its innovative fixed-income approach. Traditional finance has long offered the ability to make fixed-rate deposits or loans for a fixed period. Exactly Protocol aims to bring this crucial feature to the DeFi ecosystem.

Our team has developed an open-source, non-custodial DeFi protocol that offers both variable and fixed interest rates for lenders and borrowers, filling a crucial gap in the market. Exactly Protocol is positioning itself as a game-changer in the DeFi credit market by providing a new level of stability and predictability.

What's Next for Exactly Protocol: Connecting DeFi to the Global Credit Market

Exactly Protocol has made significant strides since its launch on the Ethereum Mainnet in November 2022, including a successful funding round and a partnership with Immunefi for a Bug Bounty Program. These developments are helping us prioritize the security of our protocol as we continue to focus on bringing fixed-income solutions to DeFi.

But our ambitions continue beyond there. Our long-term vision is to connect DeFi to the traditional financial world, bringing the benefits of a liquid and transparent ecosystem to consumers, companies, and investors worldwide. By connecting the global credit market to DeFi, we believe that legacy players can tap into the potential of this exciting new industry.

We look forward to working towards this goal and shaping the future of DeFi and the broader financial sector.

In the short term, Exactly Protocol's plans are ambitious, and our next milestone will be the launch on Optimism in the coming months. Kain Warwick, who advised the Exactly team through his mentorship program, where he helps new DeFi projects launch on Optimism, said ”It’s been awesome to watch Exactly develop their roadmap and then see it play out as they reach these milestones. L2 is pure fire, and I’m excited they have chosen Optimism as the best place to build - this is a great outcome for the ecosystem. I'm bullish on Exactly and the innovation they bring to DeFi in 2023.”

Are you interested in staying up-to-date on the latest developments at Exactly Protocol and learning how we're disrupting the DeFi ecosystem? Follow us on Twitter and join our Discord and Telegram to stay in the loop.