PANews reported on March 18 that according to official news, ExactlyProtocol, a decentralized lending protocol based on the Ethereum mainnet, announced the completion of a new round of financing of US$2 million, bringing its total financing to US$5 million. The latest round of financing was participated by Bodhi Ventures, Newtopia, NXTP Ventures and Kaszek Ventures, as well as Synthetix founder Kain Warwick and Decentraland co-founder Esteban Ordano.

According to reports, the Exactly Protocol team has developed an open source, non-custodial DeFi protocol that provides floating and fixed interest rates to borrowers. It plans to launch it on Ethereum's second-layer network Optimism in the next few months.