Background

Gondi

Gondi is a decentralized non-custodial NFT lending protocol engineered to create the most efficient NFT credit market. The protocol enables continuous underwriting, allowing for full and partial refinancing of all outstanding loans, creating a more dynamic and liquid space.

Imagine if lenders could instantly refinance any given existing loan. What if borrowers could get more favorable terms on an outstanding loan without any action? All of that, and much more, is possible with Gondi.

Integrationstwitter

Autoglyph NFT Secures Major USDC Loan on GONDI

Thu 19th Dec 2024
An Autoglyph NFT (#327) has secured a significant loan on the GONDI protocol with the following terms: - Principal: 150,000 USDC - Duration: 1 year - Interest Rate: 16% APR - Origination Fee: 6,000 USDC This follows recent high-value NFT loans on GONDI, including a Beeple ALIVE piece (20 ETH) and multiple Pudgy Penguins (62.5 ETH total). Previous Autoglyph loans on the platform ranged from 120,000 to 150,000 USDC, demonstrating consistent valuation patterns.
Community article

GONDI Enhances NFT Lending with Refinancing and Top-up Features

Thu 12th Dec 2024
GONDI introduces flexible features for NFT-backed loans: - Borrowers can refinance active loans when offered lower APRs - New top-up feature allows lenders to offer additional principal on existing loans - Protocol maintains 50-80% lower gas fees compared to competitors - System ensures NFTs remain accessible to competitive market terms The platform's continuous underwriting approach creates a more dynamic lending environment, benefiting both lenders and borrowers through improved terms and increased liquidity.
Community article

CryptoPunk #8219 Loan Refinanced at Lower APR on GONDI

Thu 5th Dec 2024
A significant refinancing event occurred for @gmoneyNFT's Ape Punk (Punk #8219) on the GONDI platform: - A 263,900 USDC tranche of a 700,000 USDC NFT loan was refinanced - New APR: 14.47% - Total effective APR reduced to 15.57% This refinancing demonstrates GONDI's ability to help borrowers secure more favorable lending terms through their continuous underwriting system.
Community article

XCOPY's data_lords NFT Gets Loan Offer on GONDI During SuperRare Auction

Mon 4th Nov 2024
The NFT artwork *data_lords* by XCOPY, currently owned by Artifaction2, is being auctioned on SuperRare while simultaneously receiving a loan offer through GONDI's NFT lending protocol. Key loan terms: - Principal: 60,000 USDC - Duration: 90 days - Interest: 18% APR - Origination fee: 300 USDC This demonstrates the growing intersection of NFT trading and DeFi lending, allowing collectors to access liquidity while participating in auctions.
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