Action Item: A griefing vector has been discovered in the protocol. Borrowers should repay loans. Lenders are not impacted. There will be a redeployment.
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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 Quote
Total Value Locked
APR
Ajna Burned in Auction
$83,735,597.23
2.70%
957

About

Borrow & lend against your entire portfolio

No permission | No governance | No PRICE FEEDS

Innovative Design
Ajna is a new protocol for transparent, permissionless lending and borrowing.
Truly Decentralized
Ajna protocol operates without token whitelists, allowing users to permissionlessly lend and borrow.
Interoperability
Ajna supports both fungible and non-fungible (NFT) assets as collateral, and anyone can create a lending market.
Verified Audits
In addition to rigorous testing of our own, Ajna has code audits from industry leading agencies with verified reports.
Grant Coordination
A new mechanism that allows for ecosystem participants to deploy a communal treasury into the public on a quarterly basis.
Universal
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
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Team

The Ajna TEAM is a set of builders with experience in crypto + tradfi

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Ed Noepel
Software Lead
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Akash Patel
Strategy
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Greg DiPrisco
Economics / Strategy
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George Niculae
Software / DevOPS
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Joseph Quintilian
Strategy
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Ian Harvey
Software / Product
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Mike Hathaway
Software
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Matt Cushman
Strategy
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Howard Malzberg
Operations
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Tyler Lange
Product Designer / UX
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Prateek Gupta
Software
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David Utrobin
Grants / Community
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Rocco Russo
Front-End / SDK
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Andrii Iermakov
Front-End / SDK
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Isaac Kang
Front-End / SDK

Documentation

Ajna Protocol
Whitepaper
Ajna SDK
Documentation

Roadmap

August 2021
  • Inception
  • Begin design
October 2021
  • Team formation
June 2022
  • Design complete
  • Build features
  • App UX
Q3 / 2022
  • Code freeze
Q1 / 2023
  • Sherlock 1st audit
  • Trail of Bits audit
Q2 / 2023
  • Quantstamp audit
  • Prototech Labs audit
  • Code4arena audit
  • Sherlock 2nd audit
  • Launch protocol
Q3 / 2023
  • Protocol code runs independently

FAQ

What is the Ajna Protocol?
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.
What assets can be lent and borrowed on Ajna?
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.
How does Ajna work?
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.

Contact

Engage with the team, interact with the community, and help shape the future of decentralized finance.
General Information
Twitter @ajnafi
Community involvement
Discord server
Community involvement
GitHub code base
No permission
No price feeds
No governance

Borrow and lend against any asset in your entire portfolio