Ajna is using a uni V3-style model, where you have ticks based on the collateral ratios. As a trader, you can come in and trade across all of them. The same thing happens within Ajna, where lenders come in, and again, they'll lend USDC in certain ticks against ETH. But then if you want to come post ETH as collateral and borrow, you can access liquidity from multiple suppliers across a variety of ticks.
We get back to basics on the show with Dan who answers some fundamental questions about DeFi and what it means to actually be a decentralized protocol. What are the threats to DeFi and how can we build a great decentralized future.
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