Ajna Protocol Logo

Ajna Protocol AJNA

Ajna Protocol header image

1. Summary

Ranks

Liquidity
75
Developer
21
Social
38
Momentum (beta)
0
Stack Rank™
-
Price
$0.02 -0.1%
Market Cap
$3.76M (#1868)
Supply
8.35M / 998.40M
Price
52W High price $0.37
52W High date 24th Jan 2024 (5 months ago)
All Time High (ATH) Date 24th Jan 2024 (5 months ago)
ATH Price $0.44
% From ATH -79.63%
All Time Low (ATL) Date 19th Jan 2024 (5 months ago)
ATL Price $0.06
% From ATL 38.04%
Supply & Trading Volume
Trading Volume (24h) $142,364.00
Total Supply 998.40M
Max Supply 1.00B
Circulating Supply 8.35M
Description

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 collate...

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

Ajna 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 is designed to improve on the existing DeFi borrowing and lending space by giving users a truly decentralized system with more options and less systemic risk. The protocol operates by allowing users to create lending markets for both ERC20 and ERC721 tokens without relying on governance or external price feeds. This design enables users to borrow and lend against almost any asset in their wallets, including NFTs, real-world assets, blue-chip tokens, and "meme-coins."

2. Price

AJNA

2.1. Market Performance

How does Ajna Protocol's (AJNA) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-14.1%

AJNA

-14.2%

Similar Market Cap

60 Day Return

-47.5%

AJNA

-30.7%

Similar Market Cap

3. Developer Activity

We're monitoring 5 Ajna Protocol GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Ajna Protocol Repos)

Commits vs. The Market

  • Past 4 weeks: 0 commits vs. an average of 1
  • Past 12 weeks: 0 commits vs. an average of 8
  • Past year: 11 commits vs. an average of 117

Most Active Repos

Past week
Past 12 weeks
Past year
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Past 12 weeks
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Past 12 weeks
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Past 12 weeks
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Past week
Past 12 weeks
Past year

Top Developers 2024

In total, 2 developers have contributed to Ajna Protocol over the past year. Who are the most active Ajna Protocol developers, by commits, over the past year?

Related Projects

Developers working on Ajna Protocol also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users
Active Discord Users
Telegram Users
Twitter followers 6,858
5. News

No recent news found.

7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://www.ajna.finance/
Explorer https://etherscan.io/token/0x9a96ec9B57Fb64FbC60B4...
Twitter @ajnafi

What is the correct contract address for Ajna Protocol?

Ethereum 0x9a96ec9b57fb64fbc60b423d1f4da7691bd35079

Has Ajna Protocol been audited for security?

No security audits found for this project.

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