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ExactlyProtocol Launches Credit Market With Card and BNPL Options on Optimism

Estimates put onchain credit at about $60 billion, while annual credit origination outside blockchains is roughly $200 trillion.

By Simon Yoon
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A graphite payment card bridges two staggered limestone platforms / TokenPost.ai
A graphite payment card bridges two staggered limestone platforms / TokenPost.ai

Optimism announced that ExactlyProtocol has launched a decentralized credit market on Optimism Mainnet, bringing crypto credit card and buy now, pay later (BNPL) options to the Ethereum scaling network.

Optimism is a layer-2 network designed to make Ethereum transactions more efficient. Estimates put onchain credit at about $60 billion, while annual credit origination outside blockchains is roughly $200 trillion.

The launch adds another structure to onchain lending. Morpho's fixed-rate credit markets on Base use lender offers and set loan maturities.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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