- The Ajna protocol facilitates peertopool secured loans without governance and without externalprice feeds. - Current #lending and borrowing protocols which utilize smart contracts require activegovernance e.g. - to set rates and to update contracts and/or rely on external price feeds such as oracles like Chainlink. - Because the pricing of collateral and parameterization of loans are leftto subjective decision making through governance rather than market forces,these protocolscarry both solvency and liquidity risk. - Governance and maintenance overhead create barriers toentry in the market for lending and borrowing of onchain assets. - Ajna solves these problemswith its unique design,which is defined by the following features:Permissionless pool creation: Much like the popular #DeFi primitive,the “automated marketmaker,” AMM,Ajna pools exist in unique pairs: quote token,provided by lenders and collateraltoken,provided by borrowers. - Pools allow lenders to assess borrower demand for their quotetoken and for borrowers to assess lender demand for loans backed by their collateral. - Pools arecreated permissionlessly,meaning anyone can create a pool to borrow arbitrary fungible tokensusing arbitrary fungible or nonfungible tokens as collateral. - Therefore,no governance process isneeded to whitelist approved tokens.Price specified lending: Ajna replaces external price feeds oracles by allowing lenders to inputthe price at which they’re willing to lend. - This price is the amount of quote token i.e. - the tokenthey are lending they are willing to lend per unit of collateral pledged by the borrower. - Forexample,if a lender deposits at price 100,they are willing to lend 100 units of quote token perone unit of collateral. - Ajna pools separate prices into predefined buckets to reduce thecomplexity of the protocol,prices are therefore hereon referred to as “buckets”. - Borrowers arethen able to borrow from the aggregated liquidity of these various buckets..
Summary of the coin Ajna Protocol
market value (Market Capital) Ranked 3149
highest price statistics: 0.44 $USD total number of coins(Supply): 1,000,000,000.00 coin circulated (Circulated): 8,352,805.00 coin
0.84%
0 people have expressed their feelings
Like, love, care, laugh, wow, beard, angry
Study the exchange market information. Ajna Protocol
{"commentics_url":"\/\/titdoi.com\/commentics\/comments\/","page_id":4450615,"enabled_country":false,"country_id":0,"enabled_state":false,"state_id":0,"enabled_upload":false,"maximum_upload_amount":3,"maximum_upload_size":5,"maximum_upload_total":5,"securimage":true,"securimage_url":"\/\/titdoi.com\/commentics\/comments\/3rdparty\/securimage\/securimage_show.php?namespace=cmtx_4450615","cmtx_wait_for_comment":"cmtx_wait_for_comment","lang_error_file_num":"A maximum of %d files are allowed to be uploaded","lang_error_file_size":"Please upload files no bigger than %.1f MB in size","lang_error_file_total":"The total size of all files must be less than %.1f MB","lang_error_file_type":"Only image file types are allowed to be uploaded","lang_text_loading":"'Loading","lang_placeholder_country":"Country","lang_placeholder_state":"State","lang_text_country_first":"Please select a country first","lang_button_submit":"add comment","lang_button_preview":"Preview","lang_button_remove":"delete","lang_button_processing":"please wait a moment..."}
Clicking Accept All Cookies By signing up, you agree to storing cookies on your device to improve site navigation. Analyze site usage and assist in our marketing
comment
comment