DeFi lending protocol Exactly Protocol has announced an EXA token airdrop, with applications opening on July 26th at 00:00 (Beijing time). The airdrop accounts for 1% and has a linear unlocking period of 4 months. The eligibility criteria will be proportional to the OP rewards allocated through the reward controller before 3:00 on July 19, 2023. Users who have been allocated OP rewards but have not claimed them are also eligible for the airdrop. It is reported that the EXA token is the native governance token of Exactly DAO, with a total supply of 10 million tokens. The distribution plan is as follows: 4.5 million EXA tokens will be allocated to the community, 4.5 million EXA tokens will be allocated to the team, advisors, and investors, and 1 million EXA tokens will be allocated to the DAO treasury.
In previous news, DeFi lending protocol Exactly Protocol announced a $2 million funding round, led by Synthetix founder Kain Warwick, Daedalus, and Decentraland co-founder Esteban Ordano, with participation from Bodhi Ventures, Newtopia, NXTP Ventures, Kaszek Ventures, and others.