PWN is a peer-to-peer lending protocol designed for long-term mortgage-like loans of digital assets, backed by other digital assets. Borrowers can receive a fixed-duration loan of fungible tokens backed by fungible or non-fungible tokens, while lenders can earn interest by granting these loans. The protocol is trustless, immutable, operates without the need for oracles, and without protocol-managed liquidations. The PWN Protocol is currently deployed on Ethereum, Polygon, Cronos, Base and Mantle.