Ten Ringers Secure 150,000 USDC in NFT-backed Loans on Gondi

💰 Ringers Get The Bag

By Gondi
Mar 6, 2025, 5:52 PM
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Photo by Gondi

Ten Ringers NFT holders have each secured 15,000 USDC loans through the Gondi protocol, totaling 150,000 USDC.​

Key loan terms:

  • 90-day duration
  • 19% APR
  • 110 USDC origination fee per loan

This follows recent lending activity including an Autoglyph holder borrowing 90,000 USDC at 15% APR and two CryptoPunks securing 80,000 USDC in total at 16% APR.​

The consistent lending activity suggests growing adoption of NFT-backed loans on the Gondi platform.​

Sources
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