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Ajna Protocol
ajna
Rank #1978
Ajna Protocol
Rank #1978
Ajna Protocol
ajna
Ajna Protocol
Price
$0.0248
-3.33%
0.0...0357 BTC 35.71 satoshies
-1.16%
Market Cap
$4,89 mln.
24 Hour Trading Vol
$10248.43
Circulating Supply
197,84 mln.
Total Supply
998,00 mln.
Max Supply
1,00 bn.
Fully Diluted Valuation
24,763,738
Low
Range
High

Info

Contract
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    Convert Ajna Protocol
    1 AJNA = $0

    Ajna Protocol Chart

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    About Coin

    The Ajna protocol facilitates peer-to-pool secured loans without governance and without external price feeds. Current lending and borrowing protocols which utilize smart contracts require active governance (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 left to subjective decision making through governance rather than market forces, these protocols carry both solvency and liquidity risk. Governance and maintenance overhead create barriers to entry in the market for lending and borrowing of on-chain assets. Ajna solves these problems with its unique design, which is defined by the following features: Permissionless pool creation: Much like the popular DeFi primitive, the “automated market maker,” AMM, Ajna pools exist in unique pairs: quote token, provided by lenders and collateral token, provided by borrowers. Pools allow lenders to assess borrower demand for their quote token and for borrowers to assess lender demand for loans backed by their collateral. Pools are created permissionlessly, meaning anyone can create a pool to borrow arbitrary fungible tokens using arbitrary fungible or non-fungible tokens as collateral. Therefore, no governance process is needed to whitelist approved tokens. Price specified lending: Ajna replaces external price feeds (oracles) by allowing lenders to input the price at which they’re willing to lend. This price is the amount of quote token (i.e. the token they are lending) they are willing to lend per unit of collateral pledged by the borrower. For example, if a lender deposits at price 100, they are willing to lend 100 units of quote token per one unit of collateral. Ajna pools separate prices into predefined buckets to reduce the complexity of the protocol, prices are therefore hereon referred to as “buckets”. Borrowers are then able to borrow from the aggregated liquidity of these various buckets.

    Ajna Protocol Price Statistics

    Ajna Protocol Price
    Ajna Protocol Price
    $0.0248
    24h Low / 24h High
    24h Low / 24h High
    $0.0238/$0.0305
    Trading Volume
    Trading Volume
    $10248.43
    Market Cap Rank
    Market Cap Rank
    #1978
    Market Cap
    Market Cap
    $4,89 mln.
    All-Time High
    All-Time High
    $0.439
    -94.34%
    All-Time Low
    All-Time Low
    $0.0232
    7.0892%

    Ajna Protocol Top Markets

    #
    Exchange
    Pair
    Price
    24h Volume
    Volume
    Trust Score
    1
    ajna / weth
    $0.0248 0.0...0660 weth
    $5149.74
    50.184%
    2
    ajna / weth
    $0.0248 0.0...0661 weth
    $3774.77
    36.785%
    3
    ajna / usdc
    $0.0248 0.02 usdc
    $1337.26
    13.031%

    About Coin

    The Ajna protocol facilitates peer-to-pool secured loans without governance and without external price feeds. Current lending and borrowing protocols which utilize smart contracts require active governance (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 left to subjective decision making through governance rather than market forces, these protocols carry both solvency and liquidity risk. Governance and maintenance overhead create barriers to entry in the market for lending and borrowing of on-chain assets. Ajna solves these problems with its unique design, which is defined by the following features: Permissionless pool creation: Much like the popular DeFi primitive, the “automated market maker,” AMM, Ajna pools exist in unique pairs: quote token, provided by lenders and collateral token, provided by borrowers. Pools allow lenders to assess borrower demand for their quote token and for borrowers to assess lender demand for loans backed by their collateral. Pools are created permissionlessly, meaning anyone can create a pool to borrow arbitrary fungible tokens using arbitrary fungible or non-fungible tokens as collateral. Therefore, no governance process is needed to whitelist approved tokens. Price specified lending: Ajna replaces external price feeds (oracles) by allowing lenders to input the price at which they’re willing to lend. This price is the amount of quote token (i.e. the token they are lending) they are willing to lend per unit of collateral pledged by the borrower. For example, if a lender deposits at price 100, they are willing to lend 100 units of quote token per one unit of collateral. Ajna pools separate prices into predefined buckets to reduce the complexity of the protocol, prices are therefore hereon referred to as “buckets”. Borrowers are then able to borrow from the aggregated liquidity of these various buckets.

    Info

    Contract
      Search on
      API id
      Source code
      Convert Ajna Protocol
      1 AJNA = $0

      Ajna Protocol Price Statistics

      Ajna Protocol Price
      Ajna Protocol Price
      $0.0248
      24h Low / 24h High
      24h Low / 24h High
      $0.0238/$0.0305
      Trading Volume
      Trading Volume
      $10248.43
      Market Cap Rank
      Market Cap Rank
      #1978
      Market Cap
      Market Cap
      $4,89 mln.
      All-Time High
      All-Time High
      $0.439
      -94.34%
      All-Time Low
      All-Time Low
      $0.0232
      7.0892%