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GITBOOK-649: change request with no subject merged in GitBook
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.gitbook/assets/Exa logo.png

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exa-app/credit-and-debit-modes.md

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* Onchain borrowing: When a user makes a purchase, the Exa App borrows the required amount on their behalf from Exactly Protocol’s fixed-rate lending markets. The borrowed funds are converted to USD and sent directly to the merchant. This interest rate is fixed and determined at the time of the transaction.
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* Installments and repayment: Users can repay the loan in up to six fixed installments, scheduled every 28 days. This structured repayment cycle ensures predictability and avoids discrepancies caused by variable calendar months.
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Users benefit from an innovative financial structure that combines fixed-rate borrowing with variable-rate deposit yields. This unique approach can result in a positive, neutral, or negative net effective interest rate for each purchase, depending on the relationship between the deposit yield and the loan’s fixed interest rate.\
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Users benefit from an innovative financial structure that combines fixed-rate borrowing with variable-rate deposit yields. This unique approach can result in a positive, neutral, or negative net effective interest rate for each purchase, depending on the relationship between the deposit yield and the loan’s fixed interest rate.<br>

exa-app/exa-plugin.md

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The Exa Plugin is a modular smart contract designed exclusively for the Exa App, providing seamless interaction with the Exactly Protocol. This integration enables users to borrow, lend, and manage credit and debit transactions through a self-custodial smart account. By leveraging ERC-6900 modular accounts, the Exa Plugin ensures a smooth DeFi experience, automating key financial operations while maintaining security and efficiency.&#x20;
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[Quantstamp](https://quantstamp.com/) audited the Exa Plugin to verify its adherence to high-security standards. By integrating this plugin, Exa App users can:\
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[Quantstamp](https://quantstamp.com/) audited the Exa Plugin to verify its adherence to high-security standards. By integrating this plugin, Exa App users can:<br>
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* Deposit collateral and take loans within Exactly Protocol.
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* Execute credit or debit transactions without constant manual approvals.
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* Automate key lending and borrowing processes using a structured role system.
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### Key Characteristics:
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### Key Characteristics:<br>
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* Automated lending and borrowing: The plugin facilitates collateral management and repayments through Exactly Protocol without requiring user intervention for each action.
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* WebAuthn integration: Users authenticate transactions using biometrics, eliminating the need for seed phrases.
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Implements role-based access control to restrict refund execution.
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Security Considerations\
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* Restricted function execution: Only approved functions can interact with the Exactly Protocol.\
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* Proposal-based withdrawals: Ensures sufficient collateral remains locked before allowing withdrawals.\
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* Execution hooks: Enforces execution logic through runtime validations and prevents unauthorized calls.\
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* Plugin allowlist: Only approved plugins can be installed or swapped, reducing attack vectors.\
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Security Considerations<br>
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* Restricted function execution: Only approved functions can interact with the Exactly Protocol.<br>
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* Proposal-based withdrawals: Ensures sufficient collateral remains locked before allowing withdrawals.<br>
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* Execution hooks: Enforces execution logic through runtime validations and prevents unauthorized calls.<br>
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* Plugin allowlist: Only approved plugins can be installed or swapped, reducing attack vectors.<br>
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* Flash loan risk protection: Credit repayment with flash loans is validated atomically to avoid misuse.
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[Ex**a Plugin GitHub repository**](https://github.com/exactly/mobile/blob/368df252a3db7b2e370f1ed0af8db0939b45138e/contracts/src/ExaPlugin.sol)

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