Ajna Protocol

The primary goal of Ajna Protocol is to provide a decentralized, permissionless lending and borrowing platform that operates without governance or external price feeds, enabling users to create and participate in lending pools for a wide range of assets.

Users can participate by creating or joining existing lending pools, providing liquidity as lenders, or borrowing assets by pledging collateral. Additionally, users can acquire AJNA tokens through exchanges or by participating in the protocol's grant programs.

Ajna's unique features include its permissionless pool creation, absence of governance, and elimination of external price feeds, allowing for a more decentralized and flexible lending environment compared to traditional DeFi platforms.

Ajna has undergone code reviews by several experienced auditors, including Sherlock, Trail of Bits, Quantstamp, and code4rena. The protocol's design includes robust mechanisms to ensure healthy liquidations and prevent risky borrowing.

Potential risks include the inherent volatility of the cryptocurrency market, smart contract vulnerabilities, and the experimental nature of the protocol. Users should conduct thorough research and consider their risk tolerance before participating.