Rapid Insights: Ajna Finance Relaunch

Lending protocols collectively comprise one of DeFi’s largest industries, with $20B of TVL and billions of dollars in outstanding loans. While it has seen significant growth in the last several years, the current state of on-chain lending also presents many tradeoffs in the interest of collective risk management and governance. 

The rise of automated money market protocols like Compound and Aave has driven much of the expansion in on-chain credit over the past several years.