Ajna Protocol AJNA Price

What is Ajna Protocol (AJNA)?

Ajna Protocol is transforming the way decentralized lending works by tackling common challenges in existing systems. Here’s how it stands out:

1. Permissionless Pools

Ajna allows anyone to create lending pools without needing approval. These pools consist of two types of tokens: quote tokens from lenders and collateral tokens from borrowers. This open system means you can start a lending pool with any tokens you choose, bypassing traditional approval processes.

2. Price-Specified Lending

Instead of relying on external price feeds, Ajna lets lenders set their own lending price. This price indicates how much they are willing to lend per unit of collateral. Lenders choose from predefined price ranges, making it easier to manage their risk. If things go wrong, they get collateral back at the price they set.

3. Market-Based Interest Rates

Ajna determines interest rates based on how much money is being borrowed compared to how much is available in the pool. If more people are borrowing than lending, interest rates go up. If there’s more lending than borrowing, rates go down. This helps keep the system balanced and fair.

4. Liquidation Bonds

To prevent unnecessary liquidations, Ajna uses liquidation bonds. If someone wants to liquidate a loan, they must pledge a bond first. This bond acts as a deterrent against wrongful liquidations. It helps ensure that only loans that are genuinely under-collateralized are liquidated.

What is unique about Ajna Protocol (AJNA)?

Ajna Protocol is unique for its permissionless pool creation, price-specified lending model, and market-derived interest rates, which eliminate the need for governance and external price feeds, simplifying decentralized lending.

Who are the founders of Ajna Protocol (AJNA)?

The founder of Ajna Protocol is Joseph Quintilian.

Where can I buy Ajna Protocol (AJNA)?

 AscendEX (BitMax), Uniswap V3 (Ethereum), Uniswap V2 (Ethereum), Uniswap V3 (Base)