GONDI is an on‑chain platform that lets NFT owners borrow WETH or USDC using blue‑chip NFTs as collateral without relying on price oracles. Borrowers pay interest only for the time the loan is outstanding and can refinance or sell the NFT at any point to repay, while lenders set custom risk parameters and can underwrite, refinance, or take over loans to earn fixed‑term yield. All loan terms are settled transparently on‑chain, eliminating forced liquidations.
Funding
Funding not disclosed
Founders
Product
Problem
NFT owners often face illiquidity because their assets are locked in non-fungible tokens, and existing lending solutions rely on price oracles and enforce liquidations that can erode value. This limits borrowers’ ability to access capital without selling their NFTs and creates uncertainty for lenders about collateral risk.
Solution
GONDI offers an oracle‑less NFT financing platform that lets users borrow WETH or USDC by using NFTs as collateral. Borrowers receive pro‑rated interest, can refinance instantly, and retain the option to sell the collateralized NFT at any time to repay the loan. Lenders gain granular control over risk parameters—including loan duration, APR, principal size, and seniority tolerance—and can underwrite, refinance, or take over existing loans to optimize yield. All transactions are settled on‑chain, eliminating forced liquidations and reducing reliance on external price feeds.
Target Audience
The platform serves NFT collectors and creators seeking liquidity without selling their assets, as well as institutional and retail lenders looking for yield‑focused exposure to NFT‑backed credit.
Features
- Collateralized borrowing of WETH or USDC against blue‑chip NFTs without price‑oracle dependencies
- Pro‑rated interest model that charges borrowers only for the time the loan is outstanding
- Instant on‑chain refinancing and loan takeover capabilities for lenders
- Adjustable risk controls for lenders (duration, APR, principal, seniority tolerance) enabling active underwriting
- Mid‑loan NFT sale mechanism that automatically repays the loan and returns any excess to the borrower
- Whitelisted NFT collections to ensure quality of collateral and reduce default risk
- Real‑yield generation for lenders through fixed‑term, NFT‑backed loan exposure
- Full on‑chain settlement and transparent loan terms, removing forced liquidation triggers