Introducing GONDI
What is GONDI?
GONDI is a decentralized peer-to-peer non-custodial NFT lending protocol that aims to offer the most flexible and capital-efficient primitive.
GONDI V3 retains everything users love about GONDI, including pro-rata interest, instant loan refinance, and the lowest gas fees. It also introduces Tranche Seniority, enabling precise risk management. With feature upgrades and a streamlined user experience, GONDI V3 is the most advanced and efficient NFT lending protocol.
GONDI V1 & GONDI V2 Outstanding Loans: No action needed. Loans originated on GONDI V1 & GONDI V2 are not impacted by GONDI V3 and mechanics will remain the same.
Benefits
For Borrowers
Borrow WETH or USDC by using your NFTs as collateral.
Interest accrues on a pro-rata basis.
No oracle-triggered liquidations.
Loan terms can improve as lenders can instantly refinance your loan by lowering the APR.
Unwind your loan by selling your collateral to repay your loan and keep excess proceeds.
Renegotiate loans that need an extension or different terms.
For Individual Lenders
Access yields by originating loans, refinancing existing loans, and submitting renegotiation offers.
Set your own risk parameter for any collateral for new or existing loans.
Instantly take over existing loans by refinancing them.
Flexible loan renegotiations with customizable fees for any outstanding loan, including your own.
Optimize your budget management by creating collection offers with specific loan parameters.
The contents of GONDI docs are a collection of the latest development updates and are never considered final.
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