Is Exactly Protocol Safe?
Risk Grade: B (25/100)
Exactly Protocol is rated as moderate risk — some novel mechanisms, generally well-understood.
Moderate risk — novel fixed-rate design on L2s that has not been stress-tested through a major market crash
A lending protocol that offers fixed interest rates with set maturity dates alongside variable rates, similar to bonds in traditional finance. It manages $50M across Optimism and Base with $5M in funding. Its B- grade reflects the novel fixed-rate design offset by small scale and L2 dependency risks.
TVL
$3M
Mechanisms
6
Interactions
5
Value Grade
C
Key Risks for Exactly Protocol Users
Fixed-rate loans lock up your money until maturity. If interest rates spike elsewhere, you cannot withdraw because borrowers still have time on their loans
The protocol runs on Optimism and Base, where a network outage can delay price updates. Stale prices let attackers borrow against overvalued collateral
With only $3.3M in token value, buying enough governance tokens to change the protocol's rules is extremely cheap for an attacker
Top Risk Factors
- •Fixed-rate lending creates duration mismatch risk where locked loans prevent liquidity withdrawal during rate spikes
- •Multi-chain deployment on Optimism and Base introduces L2 sequencer dependency and oracle latency risks
- •Small TVL and low FDV limit liquidity depth, amplifying impact of any exploit or confidence shock
Risk Score Breakdown
Exactly Protocol's highest risk area is Oracle Surface (4/10). Here's how each dimension contributes to the overall 25/100 score:
Read the Full Exactly Protocol Risk Report
This protocol has 2 collapse scenarios. 2 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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