Introducing GONDI w/pools
What is GONDI?
GONDI is a decentralized non-custodial NFT lending protocol that aims to offer the most flexible and capital-efficient primitive.
GONDI is the first protocol combining peer-to-peer and liquidity pool markets, providing deeper and more precise liquidity for borrowers and adaptable lending opportunities for lenders.
GONDI V3 loan offers can be either from the protocol pools or from individual market participants creating deep liquidity as well as efficient risk pricing.
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 pro rata basis.
No oracle-triggered liquidations.
Refinancing: Loan terms can improve as lenders refinance your loan by improving terms (eg. lower 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.
Instantly tap into liquidity via GONDI pools.
For Individual Lenders
Access yields by originating new 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 to any outstanding loan, including your own.
Optimize your budget management by creating collection offers with specific loan parameters.
For Pool Liquidity Providers
Supply capital on WETH or USDC vaults and access yields.
No NFT specific knowledge or portfolio management required.
Enter and exit your lending positions at any time by swapping pool tokens for WETH or USDC
Pools get automatically rebalanced to yield bearing tokens (eg stETH or aUSDC) when pools have idle capital.
The contents of GONDI docs are a collection of the latest development updates and are never considered final.
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