Ajna Protocol Price(AJNA)

Ajna Protocol is engineered to enhance the existing DeFi landscape, particularly in the realm of lending and borrowing. It introduces a truly decentralized system that empowers users by providing a multitude of options while simultaneously mitigating systemic risk. Unlike traditional lending platforms, which often require custodial management, Ajna Protocol provides a mechanism where users can create lending markets utilizing a broad array of assets.

Purpose and Functionality

At its core, the Ajna Protocol facilitates the lending and borrowing of both ERC20 and ERC721 tokens, allowing users to leverage almost any asset they possess in their digital wallets. This capability is especially advantageous for users holding non-fungible tokens (NFTs), real-world assets, established cryptocurrencies, and even less conventional assets like “meme-coins”. The absence of governance and reliance on external price feeds makes the protocol functional and secure for an array of financial transactions.