formulate vs explicate

formulate and explicate both are verbs.

Word	Noun	Adjective	Verb	Adverb
formulate	No	No	Yes	No
explicate	No	No	Yes	No

As verbs, formulate and explicate are synonyms defined as:

Other synonyms of formulate include develop.

formulate (verb)	explicate (verb)
put into words or an expression	make plain and comprehensible
elaborate, as of theories and hypotheses	elaborate, as of theories and hypotheses
come up with (an idea, plan, explanation, theory, or principle) after a mental effort
prepare according to a formula