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Copy file name to clipboardExpand all lines: 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>
Copy file name to clipboardExpand all lines: 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. 
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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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