Vaults & Stash

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.

ERC-1155

Gondi supports specific ERC-1155 collections via vaults. ERC-1155 cannot be used as collateral directly, but rather need to be placed into a GONDI vault in order to receive offers.

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.

Stash (old SuperRare ERC-721 support)

GONDI supports old SuperRare ERC-721 via a dedicated wrapper (stash). SuperRare NFTs minted on legacy contract need to be wrapped in order to be used as collateral in individual loans or placed into GONDI vaults.