The DeFi lending protocol Exactly Protocol announced the launch of tokens EXA and Exactly DAO, and the token EXA airdrop rewards will be distributed at 22:00 on July 24. The total token supply of EXA is 10 million, which will be allocated to: 4.5 million for the community; 4.5 million for the team, advisors and investors; 1 million for the DAO treasury. Among them, the distribution of community tokens is divided into two parts. 1% of the total amount of tokens will be used to issue airdrops to early users of the project, and distributed to community members who have used the protocol on the OP mainnet since the launch of the OP reward program in April last year . EXA rewards will begin on July 24, 2023, with 5% of the total supply (500,000 EXA) awarded to users who pass the current reward control contract and other incentive mechanisms. Exactly DAO governance will be divided into off-chain voting and on-chain voting stages. The first ExaIP released by the team after the launch of Exactly DAO will be a proposal for a new interest rate model that the team has been studying. Foresight News previously reported that Exactly Protocol completed $2 million in financing in January this year, led by Synthetix founder Kain Warwick, Daedalus, and Decentraland co-founder Esteban Ordano.