Ajna is a new protocol for transparent, permissionless lending and borrowing.
Action Item: A griefing vector was discovered in the protocol. Users should repay debt, pull all collateral, and remove all liquidity before redeployment.
DeFi
Permissionless Lending Pools
The Ajna Protocol is a noncustodial, peer-to-pool, permissionless lending, borrowing and trading system that requires no governance or external price feeds to function. The protocol consists of pools with lenders and borrowers.
ETH / DAI
1.0
ETH Collateral/
1,265.88
DAI QuoteAbout
Borrow & lend against your entire portfolio
No permission | No governance | No PRICE FEEDS
Ajna protocol operates without token whitelists, allowing users to permissionlessly lend and borrow.
Ajna supports both fungible and non-fungible (NFT) assets as collateral, and anyone can create a lending market.
In addition to rigorous testing of our own, Ajna has code audits from industry leading agencies with verified reports.
A new mechanism that allows for ecosystem participants to deploy a communal treasury into the public on a quarterly basis.
Ajna is fully automated. Once it's launched, the team will move on and cease to update or maintain the protocol.
AJNA WORKS WITH MOST ERC-20 + ERC-721 TOKENS
FUNGIBLE OR NFT
wbtc
eth
usdc
dai
usdt
bnb
uni
aave
comp
sushi
shib
matic
mkr
yfi
ens
audio
dydx
bal
crv
rpl
hex
link
op
bat
cake
mana
bayc
ajna
Many moreTeam
The Ajna TEAM is a set of builders with experience in crypto + tradfi
Ed Noepel
Software Lead
Software Lead
Akash Patel
Strategy
Strategy
Greg DiPrisco
Economics / Strategy
Economics / Strategy
George Niculae
Software / DevOPS
Software / DevOPS
Joseph Quintilian
Strategy
Strategy
Ian Harvey
Software / Product
Software / Product
Mike Hathaway
Software
Software
Matt Cushman
Strategy
Strategy
Howard Malzberg
Operations
Operations
Tyler Lange
Product Designer / UX
Product Designer / UX
Prateek Gupta
Software
Software
David Utrobin
Grants / Community
Grants / Community
Rocco Russo
Front-End / SDK
Front-End / SDK
Andrii Iermakov
Front-End / SDK
Front-End / SDK
Isaac Kang
Front-End / SDK
Front-End / SDK
Documentation
Ajna Protocol
Whitepaper
Ajna SDK
Documentation
Ajna
Explained
Roadmap
- Inception
- Begin design
- Team formation
- Design complete
- Build features
- App UX
- Code freeze
- Sherlock 1st audit
- Trail of Bits audit
- Quantstamp audit
- Prototech Labs audit
- Code4arena audit
- Sherlock 2nd audit
- Launch protocol
- Protocol code runs independently
FAQ
The Ajna protocol is a noncustodial, peer-to-peer, permissionless lending, borrowing and trading system implemented for the Ethereum Virtual Machine that requires no governance or external price feeds to function.
The protocol consists of pools: pairings of quote tokens provided by lenders and collateral tokens provided by borrowers. Ajna is capable of accepting fungible tokens (ERC-20) as quote tokens and fungible (ERC-20) as well as non-fungible (ERC-721) tokens as collateral tokens. There is no governance process or gating mechanism that controls which assets can be used in a pairing.
Once a pairing of assets has been created, any user can come to the pool to lend or borrow quote token by pledging collateral. Lenders input a price that they’re willing to lend at (and conversely willing to purchase the collateral at) and borrowers are informed as to the best available liquidity for the amount of collateral they have. The smart contracts, using market mechanisms, manage liquidity, interest rates, and liquidations. Loans on Ajna are perpetual in nature and do not expire. More information on these mechanisms will be provided in the whitepaper on it’s release.
No, Ajna is an immutable set of smart contracts that cannot be changed. If a new version of Ajna is deployed, existing liquidity will need to migrate to these new contracts.
The protocol is written to work on any EVM (Ethereum Virtual Machine) compatible chain. The first launch will be on the Ethereum Mainnet chain with secondary launches on various L2s and compatible L1s.