@ExactlyProtocol
base.exactly.app Exa App A Card. A Wallet. A DeFi Protocol. All of it together. The EXAIP-34 was approved!View quoted post on X
Next step: Enable Coinbase Tokenized Stocks as Collateral on Exactly Protocol (@base) 🔜
New EXAIP-34: Enable @coinbase Tokenized Stocks as Collateral on Exactly Protocol (@base). Voting starts tomorrow 🗳️View quoted post on X
snapshot.org/#/s:gov.exa.et…
@exactlyprotocol will vote on five @coinbase stock-token collateral markets on Base, enabling fixed-rate $USDC borrowing without selling if approved and implemented.
Exa Labs proposes NVDAc, AAPLc, METAc, GOOGLc and AMZNc deposits as collateral, with borrowing of those stock tokens disabled.
They aim to:
- Offer fixed-rate installments and expand Exa Card collateral beyond crypto.
- Generate treasury fees through added borrowing, potentially raising USDC depositor yields.
- Establish a fixed-rate tokenized-stock venue on Base, reaching holders through @Exa_App and @UpholdInc.
Existing identity checks would enforce non-US-person eligibility. The proposal describes dividends and splits adjusting token value rather than balances to preserve integration compatibility.
@chainlink feeds update after moves greater than 0.5% or every 24 hours, whichever comes first during operating hours. They retain their last values over weekends and US market holidays while onchain trading continues.
Exa Labs warns reopening updates could trigger liquidations before liquidators can act, with sales facing thin trading liquidity. It proposes collateral factors sized for multiday price gaps, deposit caps sized to trading liquidity and a 5% liquidator fee.
The launch covers five large-cap stocks from one regulated issuer. Exa Labs argues collateral-only use and caps would bound issuer-failure losses, while external feeds prevent trading-pool manipulation from setting collateral values without eliminating reopening risk.
Voting is pending, with a 100,000 EXA quorum. Voting starts October 21st at 4:09pm UTC and closes October 26th at 4:09pm UTC.
Proposal: snapshot.box/#/s:gov.exa.et…View quoted post on X
basescan.org Base Transaction Hash: 0x33fe4725e0... | BaseScan 0x46565eeD...f736dA28e Call Execute Function on 0x78138875...E2F7F4ada | Success | Oct-20-2026 11:40:51 PM (UTC) wARS approved ✅View quoted post on X
Implementation 🔜
