Sell & Repay
Sell & Repay allows borrowers to list their escrowed NFTs for sale through GONDI. Sale proceeds automatically repay the outstanding loan, with any surplus funds transferred to the borrower.
Selling Options
Listings: Borrower sets a fixed price and waits for buyers
Bid Offers: Borrower receives and can accept offers from potential buyers
Process
List or Receive Bids: Borrower either sets a listing price or reviews incoming bid offers
Sale: Buyer pays the agreed price and receives the NFT
Settlement: Sale proceeds automatically repay the loan
Distribution: Remaining funds are transferred to the borrower's wallet
Requirements
Minimum price: Must exceed principal plus interest that will accrue until listing expiration
Expiration date: Must be set before the loan due date
Price structure: Fixed price only; auctions are not supported
Listing Options
Public listing: Available to any buyer
Private listing: Restricted to a specified wallet address
Only one listing type may be active simultaneously
Bid Offers
Buyers can submit offers on any escrowed NFT
Borrowers can accept any bid that covers the outstanding debt
No minimum bid requirements (as long as debt is covered)
Example
Outstanding loan: 2 WETH principal + 0.1 WETH accrued interest = 2.1 WETH total debt
Listing price: 3 WETH
Settlement: Buyer pays 3 WETH, loan repaid 2.1 WETH, borrower receives 0.9WETH
Additional Considerations
No marketplace fees applied
Interest continues to accrue during listing period
Listings may be cancelled at any time prior to sale
Vault NFTs must be sold in their entirety
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