# Ajna Protocol audit contest Code4rena · Oracleless lending · 3rd May 2023 · #17 A public audit contest on Code4rena (oracleless lending), completed on 3rd May 2023. 0xSimao placed #17. 1 of his findings is published: 1 medium. ## What Ajna Protocol is The Ajna protocol is a non-custodial, peer-to-peer, permissionless lending, borrowing and trading system that requires no governance or external price feeds to function. The protocol consists of pools: pairings of quote tokens provided by lenders and collateral tokens provided by borrowers. Ajna is capable of accepting fungible tokens as quote tokens and both fungible and non-fungible tokens as collateral tokens. ## Scope The Ajna grants and rewards layer: the GrantFund's funding mechanism, the RewardsManager and the PositionManager. ## Medium severity findings - [Delegate rewards system is unfair to delegates with less tokens and reduces decentralization](https://0xsimao.com/findings/ajna-protocol-delegate-rewards-system-decentralization) ## The contest [View the contest page](https://code4rena.com/audits/2023-05-ajna-protocol)