What is Anja Protocol? Ajna Protocol is a non-custodial, peer-to-peer, permissionless lending, borrowing, and trading system that requires no governance or external price feeds to operate. The protocol’s target customers include user groups, lenders, and borrowers.
Let’s read articles on related topics at Weakhand’s website:
- Could X2Y2 Revolutionize Cryptocurrency With ERC 20 Lending?
- What is MetaMorpho? First Lending Market Goes Live on Morpho Blue
- What is Morpho Blue? Morpho Labs’ Ambition to Become a Leading Lending Market
- What’s Interesting About Lending & Borrowing Projects on the Olympus DAO Ecosystem?
Anja Protocol Overview
What is Ajna Protocol?
Ajna Protocol is a peer-to-peer, non-custodial lending and borrowing system. The current version is built for Ethereum virtual machine (EVM) compatible networks.
Anja Protocol supports diverse assets. Ajna Protocol has the ability to accept fungible tokens (ERC-20) as quote tokens as well as non-fungible tokens – NFTs (ERC-721) as collateral tokens. There are no governance processes or control mechanisms that can be used in a pair.
Working mechanism of Anja Protocol
After creating an asset pair, any user can come to the group to lend or borrow tokens by pledging collateral.
Lenders enter the price at which they are willing to lend (and conversely willing to buy collateral) and borrowers are informed of the best available liquidity for the amount of collateral they Have. Smart contracts use market mechanisms to manage liquidity, interest rates, and liquidation. Loans on Ajna are permanent and do not expire. Further information on these mechanisms will be provided in the whitepaper upon release.
Instructions for using Ajna Protocol
Lending activities
Forms of loan from as simple as:
- Summer.Fi App (turn on rewards section).
- Static open source user interface (coming soon).
- Other apps with Ajna integration (coming soon).
Other forms can also be used such as
- Use the SDK to build interfaces or bots (coming soon)
- Ether.js or Web3.py (interoperable with Ethereum) and connect to your own node (soon)
Trading assets
- Users can lend any ERC-20 token.
- Users cannot lend ERC-721 NFTs or NFT Collections or any other type of NFT.
- Token types that are not compatible with Ajna include: NFTs and fungible tokens are charged upon transfer, Fingible Token – Token can instead have the balance increased again.
Development Roadmap
Update…
Core Team
Update…
Investors
Update…
Tokenomics
Update…
Exchanges
Update…
Ajna Protocol Project Information Channel
- Website: https://www.ajna.finance/
- Twitter: https://twitter.com/ajnafi
- Discord:
Summary
With a non-custodial, peer-to-peer, permissionless lending and borrowing mechanism, no governance or external price feeds are required to operate. Ajna will be an attractive project for investors and users who want to optimize their investments.
Ajna has flexible policies along with smart operating mechanisms, which will be an attractive product for users.
Join Weakhand to follow the Ajna project and update the latest information on the cryptocurrency market.
