ICYMI: Ajna launches oracle and governance-free lending protocol on Ethereum
Ajna offers a decentralized lending and borrowing system on Ethereum that eliminates price feed oracles and governance.
Ajna’s lending and borrowing DeFi platform offers a non-custodial and permissionless system that eliminates the need for oracles and governance, according to a statement. Fungible tokens hold the same value and are interchangeable with each other, like ether. Non-fungible tokens have a variable value that cannot be exchanged on a one-to-one basis.
Ajna also eliminates reliance on oracles — systems that provide near real-time price feeds from external sources for decentralized applications. Ajna argues this removes a common point of failure, as they rely on trusted intermediaries and vulnerabilities or compromises of such systems can introduce risks such as price manipulation.
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