GONDI Launches New CryptoPunks Loan Terms
GONDI Launches New CryptoPunks Loan Terms
🤖 Punks Get Fresh Liquidity
GONDI has announced new loan terms for CryptoPunks NFTs with two distinct offerings:
ETH Loan Terms:
- Principal: 20 ETH
- Duration: 90 days
- APR: 15%
- Fee: 0.20 ETH
USDC Loan Terms:
- Principal: 65,000 USDC
- Duration: 30 days
- APR: 10%
- Fee: 400 USDC
This follows GONDI's strong performance with CryptoPunks, currently managing 260 Punks in outstanding loans totaling $26M. The platform maintains competitive rates while expanding loan duration options.
Visit GONDI to list your CryptoPunk for loan offers.
The total default rate for CryptoPunks loans on #GONDI to date is 4.85%, 43 out of 886 Punk loans. CryptoPunk USDC Loans Default Rate is 2.73% (10 out of 366 have defaulted). CryptoPunk ETH Loans Default Rate is 6.34% (33 out of 520 have defaulted).
Borrowers can rest easy knowing that interest on their NFT loans at #GONDI accrues only during the NFT loan's outstanding time. If they want to sell the NFT, take a new loan offer, or simply no longer need the liquidity, they can repay early and save on interest fees.
In Dec 2024 Lenders earned ~$670,000 in interest fees on GONDI. ETH Loans: 93 ETH (~$321,800) USDC Loans: $348,247 GONDI continues to be a leading protocol for users to earn APRs on their USDC and ETH.
Over 2% of ALL CryptoPunks are on GONDI now. There are now 242 CryptoPunks in active loans, and in GONDI's escrow wallets. GONDI's escrow wallet is #2 in Punk holdings, passing @FLAMINGODAO(221 Punks) and only behind @yugalabs (419 Punks). Punks know where to find liquidity!
GONDI continues to reach All-Time Highs as we start the new year. Currently, there is approximately $46 million in outstanding NFT loan debt and nearly $100 million in TVL. Just getting started... Join our discord and visit the protocol to learn more. ✨
✨Iconic NFT Loan on #GONDI ✨ Autolgyph #327 originated a loan of 150,000 USDC principal with a 1-year duration at 16% APR with a 6,000 USDC origination fee.
🥂 Massive NFT Loan on #GONDI 🥂 A vault of 23 CryptoPunks just originated a 1,035,000 USDC loan. Duration: 90 days APR: 16% APR Origination fee: 10,350 USDC There are now over 240 Punks in escrow on GONDI.
Savvy collectors are unlocking liquidity on their NFTs with GONDI. There are now 1,100+ NFTs in active loan on GONDI, totaling nearly $100 million in TVL. - USDC & ETH offers - Interest only accrues during outstanding time - Competitive market Choose GONDI for your NFT loans.
30-day loan offers are live for @PudgyPenguins on #GONDI! 🐧💸 💰 12.6 ETH | 30 days | 18.69% APR | 0.25 ETH origination fee 💵 Recent USDC loans on Pudgys have been for 25K USDC | 30 days | 18% APR | 125 USDC origination fee List your Pudgy on GONDI to find unique offers.
"What if I take a loan on my NFT, but it appreciates in value? Do I need to repay to get better loan terms?" With GONDI V3's "top-up" feature, lenders can add a "junior tranche" on active loans repricing the loan at any moment. Don't get stuck with rigid and outdated NFT loan
🚨 The 3rd Lost Robbie Loan on #GONDI 🚨 The AI Generated Nude Portrait #7 Frame #53, created by Robbie Barrat, just originated a loan with the following terms: - 300,000 USDC principal - 90-day duration - 19% APR - 1,000 USDC origination fee GONDI is the house of grails.🏆
🚨 The 2nd Lost Robbie Loan on #GONDI 🚨 The AI Generated Nude Portrait #7 Frame #166, created by Robbie Barrat, just originated a loan with the following terms: - 300,000 USDC principal - 90-day duration - 19% APR - 750 USDC origination fee Grails find top terms on GONDI. 🥂
✨ Iconic NFT Loan on #GONDI ✨ "Play Time" by @otherworld_xx just originated a loan with the following terms: - 11,000 USDC principal - 60-day duration - 18% APR - 50 USDC origination fee
Recently posted 365-day loan offers are available for @cryptopunksnfts on #GONDI. Terms: 25 ETH for 365 days at 15% APR with a 1 ETH origination fee. 💸 More collectors continue to find liquidity on GONDI with now 240+ Punks in active loan. View offers while they last.
🎭 Borrower Wakes Up
**GONDI Protocol Delivers Automatic Loan Refinancing** A borrower with a 180,000 USDC loan backed by a CryptoPunk NFT received an **automatic rate reduction** from 12.13% to 10.9% APR without taking any action. **Key Features:** - No banks or traditional intermediaries required - **Seamless refinancing** happens automatically - Borrower simply "woke up to a lower rate" **Market Impact:** GONDI continues building infrastructure to scale digital art lending to match traditional art lending markets. **Lower APRs** are essential for this growth. This represents the second refinancing for this particular loan, previously dropping from 13.49% to 12.13% in November.
CryptoPunk Sold for 31 ETH Using GONDI's Purchase Bundler Financing
A **CryptoPunk with handlebar and classic shades** sold for 31 ETH through GONDI's Purchase Bundler system. **How the transaction worked:** - Buyer paid 13 ETH upfront - Secured 18 ETH collection loan to complete purchase - Seller received full 31 ETH payment - Lender now holds the punk loan This demonstrates GONDI's **Purchase Bundler** feature, which allows buyers to acquire expensive NFTs with partial upfront payments by combining their ETH with active lending offers. The system enables NFT purchases with significantly lower initial capital requirements while providing lending opportunities for others in the ecosystem.
🎨 Beeple's REGULAR ANIMALS Collection Now Available on GONDI NFT Lending Platform
**Beeple's latest NFT collection** REGULAR ANIMALS is now whitelisted for trading and lending on the GONDI platform. **Key Details:** - Collection available for immediate acquisition - **Minimum down payment**: 4.26 ETH when using Purchase Bundler loan - Full trading and lending functionality enabled This marks another major artist addition to GONDI's lending ecosystem, following previous Beeple collections like *Uncertain Future*. **Access the collection**: [GONDI Regular Animals](http://gondi.xyz/collections/regular-animals-123468438)
Botto Genesis NFT Secures 34 ETH Loan on GONDI Protocol
**Cold Setting**, one of 54 works from the Botto Genesis collection, secured a new loan on the GONDI lending protocol. **Loan Details:** - Principal: **34 ETH** (~$106,000) - Interest rate: **14% APR** - Origination fee: 0.17 ETH - Duration: **30 days** This marks another significant NFT-backed loan on GONDI, following previous notable transactions like XCOPY's Fresh Hell collection loan of 25 ETH at 24% APR. GONDI operates as a decentralized, non-custodial NFT lending protocol that enables continuous underwriting and refinancing options for both borrowers and lenders.
Fidenza #593 Sells for 110,000 USDC via GONDI's Sell & Repay Feature
**Major NFT Sale on GONDI** Fidenza #593 sold for **110,000 USDC** using GONDI's innovative Sell & Repay feature. The artwork was secured by a **100,000 USDC loan** at the time of sale. **How Sell & Repay Works:** - Borrower lists NFT for sale while loan is active - Sale proceeds automatically repay the loan - Lender receives principal + interest - Seller keeps the profit **Recent GONDI Activity:** - GIGACHAD #74/100 by Beeple: 56,000 USDC sale - Grifter #505: 40,000 USDC sale - Multiple CryptoPunk refinancing with lower APRs GONDI continues to demonstrate **NFT liquidity reimagined** - enabling seamless transactions that benefit all parties in the ecosystem.