Ajna Finance is a lending protocol with a unique twist - it is immutable, does not use oracles, and allows anyone to create a lending pool for both ERC-20s and NFTs. Interested? Let's dive in.
Ajna has no protocol-level governance. Why? Governance can become concentrated in the hands of a few - resulting in centralized control of supposedly ‘decentralized’ protocols. This can lead to severe problems. For example, if a small number of identifiable people control a project, it can be targeted by bad actors, as well as hostile governments and regulators. In addition, governance can lead to outcomes that are not fair to all parties. For example, Abracadabra [considered changing interest...