Exactly Protocol is a decentralized and open-source DeFi protocol that enables users to easily exchange the value of their crypto assets through deposits and borrowings with variable and fixed interest rates. Unlike other fixed rate protocols that determine fixed rates based on the price of various maturity tokens, Exactly Protocol is the first to determine fixed rates based on the utilization rate of pools with different maturity dates. This eliminates the need for a custom AMM to trade maturity tokens and only requires a variable rate pool that consistently provides liquidity to the different fixed rate pools. The EXA token serves as the governance token of Exactly Protocol, granting holders the right to vote on proposals for changes and upgrades in the protocol. EXA holders will have control over the Exactly Protocol's treasury, risk management, and smart contract upgrades.