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GONDI Docs

Introducing GONDI

What is GONDI?

Section titled “What is GONDI?”

GONDI is a decentralized, non-custodial, peer-to-peer protocol for trading and financing NFTs. Users can buy, sell, bid, and borrow against ERC-721 and ERC-1155 collateral.

GONDI is deployed on Ethereum mainnet and HypeEVM.

Trading

Section titled “Trading”

GONDI aggregates listings from native GONDI, OpenSea, and the CryptoPunks marketplace. Standard listings are subject to a 0.5% protocol fee. Private listings, public listings, and Sell & Repay (sale of escrowed collateral with automatic loan repayment) are supported.

The protocol supports standard bids, multi-item bids, trait and multi-trait bids, and stealth bids (visible only to the NFT owner; bidder wallet and balance are not disclosed).

Lending

Section titled “Lending”

GONDI is a peer-to-peer NFT lending protocol with pro-rata interest, instant refinancing, and partial (tranche) refinancing. V3.1 introduces Tranche Seniority for risk segmentation across loan tranches, and V3.2 adds Private Offers for lenders who want to keep a loan to themselves.

V3.1 Features

Section titled “V3.1 Features”
  • Cross Currency Support. NFTs listed in one currency can be purchased or bid on in another supported currency. Conversion is handled by the Purchase Bundler. Available on Ethereum mainnet only.
  • Tranche Seniority. Lenders can refinance a portion of an outstanding loan with defined seniority, enabling more granular risk pricing.
  • Stealth Bidding. Bids are visible only to the owner of the targeted NFT. Bidder identity and balance are not exposed on-chain or in the UI.
  • Sell & Repay. Borrowers can sell escrowed collateral in a single transaction. Outstanding loan principal and accrued interest are repaid; any surplus is transferred to the borrower.

V3.2 Features

Section titled “V3.2 Features”
  • Private Offers. Lenders can disable refinancing when creating an offer. Loans funded by a Private Offer can never be refinanced or topped up by another lender; the borrower can still repay or renegotiate out by accepting a new offer. See Offer Options and Refinancing.
  • Single-tranche private loans. A Private Offer funds the whole loan on its own, so Senior Tolerance does not apply.
  • Private loan fee. The protocol fee on the lender’s realized interest is 20% for private loans, instead of the standard 15%. See Protocol Fees.
  • Availability. GONDI V3.2 is deployed on Ethereum mainnet only, alongside V3.1 — see Protocol Contracts. Offers without the Private Offer option keep working as before.