Transform your Debit Card into a Credit Card with Exactly Protocol
At Exactly Protocol, we continually explore new use cases for our platform. In recent months, we have focused on more advanced strategies, such as Leverage and Deleverage features. However, today, we want to address users who use crypto as their everyday payment method, enabling their favorite debit card to transform into a credit card through Exactly Protocol.
Our aim is straightforward: to ensure Exactly Protocol is user-friendly and advantageous. Users with a custodial wallet connected to a debit card and holding assets like ETH no longer need to sell their assets to manage daily expenses.
Through our web app, you can seamlessly deposit your assets as collateral, accrue interest, and request USDC or any other available asset on the platform, which can be sent straight to the address linked to your favorite debit card for spending — all without the need to sell their crypto.
Advantages:
1. Deferred Payment: Borrow USDC for debit card purchases at a fixed interest rate (using your deposit as collateral).
2. Amplify Your Earnings: Boost your borrowing limit by depositing assets into the Exactly Protocol to get variable interest rates and earn esEXA rewards.
How Exactly does it work?
Go to https://app.exact.ly/ and follow the steps below.
- Select the Debit to Credit in the Strategies section
- Select your crypto debit card provider
- Enter your crypto debit card spending address
- Deposit your assets and enable them as collateral in Exactly Protocol
- Choose how much you want to borrow and when you want to repay it
- Use your card as usual
Effortless Borrowing: Exactly Protocol simplifies the borrowing process by initiating the borrow transaction and sending the funds directly to the user’s account within the app, eliminating the need for manual transfers.
Note that for apps that exclusively accept USDT, Exactly Protocol seamlessly converts the user’s assets into USDT, ensuring smooth transactions, and we also use Socket to handle bridging, for apps that don’t accept optimism as a deposit method.
Watch this demo video below to get all the details.
In summary, Exactly Protocol is breaking new ground by enabling users to leverage their cryptocurrency holdings for everyday expenses. By transforming their debit cards into credit cards through Exactly Protocol, users can enjoy the benefits of their digital assets without liquidating them.
