Description
PWN is a universal, peer-to-peer lending and borrowing protocol that enables users to leverage any standard on-chain asset as collateral while maintaining full control over loan terms.
Value Proposition
The core innovation of PWN lies in its ability to enable loans against any tokenized asset, offering fixed lending terms where users can set their preferred APR, loan duration, and loan-to-value (LTV) ratio. Unlike traditional lending platforms, PWN eliminates price-based liquidations, making loans more predictable and secure. The platform is also deployed across multiple networks, including Arbitrum, Optimism, Ethereum, BNB Chain, and Cronos.
Governance
The project operates as a DAO with its governance token PWN and various governance mechanisms deployed on Ethereum. PWN DAO embraces dual optimistic governance as a dynamic approach to prevent voter apathy and facilitate swift execution of protocol changes.
Tokenomics
The PWN DAO was launched on December 19, 2024, as well as the $PWN token (available on Ethereum Mainnet). The token is not tradable/transferable at the moment, but can already be used for governance purposes by stakeholders.
Milestones
PWN started as a DeFi P2P lending platform enabling loans against any token on Ethereum. The project first emerged publicly during ETHGlobal HackMoney 2021 where they presented an early version focused on mortgage-like functionality for digital assets.
Previous Funding
- Optimism’s RetroPGF Round 3.
