Loan Basics
Loan Properties
Section titled “Loan Properties”Every GONDI loan has:
- Principal Amount: Loan size (in WETH or USDC)
- Gross APR: Annual percentage rate
- Due Date: Repayment deadline to avoid default
- Origination Fee: Optional upfront fee (deducted from principal)
- Collateral: Your NFT (ERC-721s, ERC-1155s, legacy ERC-721s)
Loan Example
Section titled “Loan Example”
Gondi Loan without refinancing
How Loans Work
Section titled “How Loans Work”- Browse: List your NFT to see available offers
- Select: Choose loan amount and terms - GONDI automatically finds the cheapest combination
- Receive Funds: Get principal minus any origination fees; your NFT goes to escrow
- Repay: Pay back principal plus interest before due date to retrieve your NFT
- Default: If unpaid by due date, lenders can claim your NFT through liquidation
Repayment Rules
Section titled “Repayment Rules”- Full repayment only: Must pay principal + all accrued interest at once
- No partial payments: Installments not supported
- Anytime before due date: No early repayment penalties