Iconic 7-Trait CryptoPunk Maintains $2.​8M Loan Record on GONDI

🐐 Record loan renegotiated

By Gondi
Jul 27, 2026, 3:59 PM
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Photo by Gondi

The legendary 7-trait CryptoPunk #8348 has been renegotiated into a 2,800,000 USDC loan on the GONDI protocol, maintaining its position as the largest single NFT-backed loan ever recorded.​

Loan Terms:

  • Principal: 2,800,000 USDC
  • Duration: 90 days
  • APR: 20% effective rate

This renegotiation demonstrates continued confidence in high-value NFT collateral, even as the market evolves.​ The 7-trait Punk remains one of the rarest assets in the CryptoPunks collection.​

GONDI's protocol enables continuous refinancing and competitive lending markets for NFT-backed loans.​

Sources

Punk season continues to heat up. Two CryptoPunks recently originated loans on GONDI totaling 72,000 USDC. • Punk #8129 — 36,000 USDC • Punk #3945 — 36,000 USDC Both loans were originated for 30 days at a 20% effective APR. Stay liquid while keeping exposure to your Punk

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Competitive markets are always at work on GONDI. Punk #8284 was instantly refinanced by another lender, reducing the APR from 14% to 12.59%. Whenever a lender can improve the terms of an existing loan, they can step in and "instant refinance" it. Borrowers get lower APRs, and

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360-day liquidity is available on GONDI. Over the weekend, three CryptoPunks originated 360-day loans totaling 43,000 USDC. Terms: • 43,000 USDC total • 360-day duration • 22% effective APR (17% APR + 1,742 USDC origination fee) All three loans were filled through

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Grail ArtBlocks continue to flow through GONDI. Two Fidenzas have each originated a 15,000 USDC loan, totaling 30,000 USDC in liquidity. Terms: • 15,000 USDC principal (each) • 60-day duration • 18% effective APR It’s hard for grail art to sit still when liquidity runs this

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Two Fidenza #259 pieces sold on GONDI this Sunday: Fidenza #259 & #470 both sold for 16 ETH each, for a total 32 ETH. Both NFTs were collateralized in active loans and were sold using GONDI's "Sell & Repay" feature, allowing the loans to be repaid directly from the sale

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Iconic Loan on GONDI: Skull of Luci, The Gravity of Midas, by Sam Spratt originated a 150,000 USDC loan. Terms: 150,000 USDC principal for a 120-day duration at 17% APR with a 2,299 USDC origination fee. Where cultural value meets capital efficiency.

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Blue-Chip NFT Lending Activity Surges on Gondi Protocol

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