New Features of Gondi V2
Gondi, an NFT lending protocol, recently launched V2 of its platform, providing users with a range of new features. Gondi V1 was introduced in July 2023 as a concept for a more capital-efficient credit market for NFT-backed loans. With $15M USD in origination and $6M USD in TVL, Gondi V1 facilitated numerous loans against valuable NFTs.
New features of Gondi V2 include:
- Buy Now, Pay Later (BNPL): Users can purchase NFTs using Gondi loans across 150 marketplaces, including the CryptoPunks native marketplace and Opensea. Collection-level loan offers are used for BNPL, increasing the capacity to deploy more capital for lenders.
- Sell & Repay: Borrowers can accept buy offers made at other marketplaces or Gondi’s platform to repay the owed amount of a loan and keep the difference.
- Refinancing Lock-ups: Newly originated loans will not be eligible for refinancing for 5% of the remaining loan duration, creating a more balanced approach between incoming and outgoing lenders on a loan.
- Flexible Principal: Borrowers can choose a partial principal amount of a loan offer.
- Loan Extensions: Lenders can seamlessly extend a loan without making any changes to the other loan terms.
- Vaults: Borrowers can bundle multiple ERC-721s, ERC-20s, and ETH into a vault and borrow against it.
- Flash Actions: Users can delegate to a hot wallet, proving ownership and claiming airdrops.
Hot Take: Gondi V2 Offers Expanded Credit Options for NFT Lending
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