Vaults

What are Vaults?

GONDI allows users to mint a vault to collateralized multiple NFTs and borrow against them as a bundle under a single loan.

Borrowers can add any number of NFTs from different collections to a single Vault. Once the Vault is created, new NFTs cannot be added. To include additional NFTs, the borrower must burn the existing Vault and create a new one with the desired bundle.

Benefits of Vaults

Borrowing against multiple NFTs can provide better loan terms and higher borrowing limits than individual loans for each NFT, while simplifying management by consolidating into a single loan. Additionally, combining NFTs into a single Vault reduces the number of transactions and associated fees, making the borrowing process more cost-effective.