The decentralized lending protocol Exactly Protocol has completed a financing round of 2 million USD, led by the founder of Synthetix.

Odaily Planet Daily reported that Exactly Protocol, a decentralized lending protocol based on the Ethereum mainnet, has announced the completion of a $2 million funding round. Investors include Bodhi Ventures, Newtopia, NXTP Ventures, and Kaszek Ventures, as well as Synthetix founder Kain Warwick and Decentraland co-founder Esteban Ordano, among others. The new funds will support its launch on the Ethereum Layer 2 network Optimism in the coming months, utilizing an open-source non-custodial DeFi protocol to provide floating and fixed-rate DeFi credit functions for borrowers and lenders.