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@florenz
what‘s hot in ETH eco DeFi rn?
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@mpgbrrr
AJNA
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@florenz
what‘s the tldr on AJNA?
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@mpgbrrr
Completely permissionless and immutable lending protocol - no governance, no oracles. Peer to pool, anyone can create any pool for any token pair. AJNA token is used for grants program and inside the protocol in reserve auctions. Really nice approach to true defi lending/borrowing
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@florenz
thanks I‘ll check it out!
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@mpgbrrr
Sure thing. You can farm AJNA token while using the protocol through Summer.fi
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@prash
Difficult to scale p2p, right?
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@mpgbrrr
That’s why it’s pool based and not peer to peer. Lender sets what maximum price they are willing to lend at, those are set in buckets, then borrower chooses what LTV they want to use
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