Sell & Repay
Sell & Repay lets borrowers sell escrowed NFTs directly through GONDI. Sale proceeds automatically repay the outstanding loan, with any surplus transferred to the borrower's wallet.
Selling Methods
Fixed-Price Listing
Set a price and list your escrowed NFT for sale. When a buyer purchases at your listed price, the loan is repaid and you receive the difference.
Public listing — Visible to all buyers
Private listing — Restricted to a specific wallet address
Accepting Bids
Buyers can place bids on any escrowed NFT. As the borrower, you can accept any bid that covers your outstanding debt (principal + accrued interest).
No minimum bid floor requirement
You can receive and compare multiple bids before accepting
Cross Currency Bid Acceptance
With the Cross Currency Purchase Bundler, you can accept bids denominated in a different currency than your loan. If your NFT is escrowed under an ETH loan and you receive a USDC bid, you can accept it — the contract automatically swaps the proceeds to your loan currency, repays the loan, and sends you the remainder.
How It Works
Your escrowed NFT receives a bid in a different currency than your loan
You accept the bid
The contract sells the NFT and receives the bid currency
The proceeds are swapped to your loan currency via Uniswap
Your loan is repaid from the swapped proceeds
Any surplus is sent to your wallet
Example: ETH Loan, USDC Bid
You have a 5 WETH loan against your NFT. A buyer places a bid worth 15,000 USDC:
You accept the USDC bid
The contract receives 15,000 USDC from the buyer
It swaps enough USDC to cover your 5 WETH loan repayment (plus accrued interest)
The loan is repaid in WETH to the lender
Remaining USDC is sent to your wallet
Slippage protection is built in — the contract validates the swap against a price oracle to ensure fair conversion rates.
Without a Loan
Cross currency bid acceptance also works for NFTs not currently in a Gondi loan. You can accept a bid in any supported currency, and the contract handles the conversion for you.
Requirements
Listing price must cover the outstanding principal plus interest accrued through the listing expiration date
Listing expiration must be set before the loan due date
Only fixed pricing is available — auctions are not supported
One active listing type per NFT at a time (either public or private, not both)
Settlement
When a sale completes:
Buyer pays the purchase price
Outstanding loan (principal + accrued interest) is repaid to the lender
Protocol fee is deducted (see Protocol Fees)
Remaining surplus is sent to the borrower
Example
Your outstanding debt is 2.1 WETH (2 WETH principal + 0.1 WETH accrued interest). You list the NFT for 3 WETH:
Buyer pays: 3 WETH
Loan repayment: 2.1 WETH
S&R fee (2%): 0.06 WETH
You receive: 0.84 WETH
Key Details
Interest continues accruing during the listing period
Listings can be cancelled anytime before the sale completes
Vault NFTs are sold as complete units
CryptoPunks must be wrapped to list on GONDI
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