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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

  1. List or Receive Bids: Borrower either sets a listing price or reviews incoming bid offers

  2. Sale: Buyer pays the agreed price and receives the NFT

  3. Settlement: Sale proceeds automatically repay the loan

  4. 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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