Gondi Launches V2, Unlocking a New Era of NFT lending

Crypto Daily
Crypto Daily

17 Nov 2023 3:56 PM

Gondi Launches V2, Unlocking a New Era of NFT lending...

  • Gondi, an NFT lending protocol, launched V2 of its protocol on November 16th, 2023.
  • The new features include 'Buy Now Pay Later', 'Sell and Repay', 'Refinance Lockups', 'Flexible Principal', 'Gondi Vaults', 'Loan Extensions', and 'Flash Actions'.
  • Gondi V1 facilitated $15M USD worth of origination, $6M USD of TVL, and hundreds of loans against valuable NFTs.
  • The new features reinforce Gondi's position as a borrower-friendly and efficient NFT lending platform.
  • Gondi received $5.35 million in funding from leading Web3 investors.
  • Gondi's loans have been originated on blue-chip Ethereum NFT collections.
  • ~30% of loans originated at Gondi have been refinanced, providing better conditions for borrowers.
  • The Gondi protocol has been audited by top Web3 security firms and auditors.
  • The BNPL feature allows users to purchase NFTs on leverage from any major marketplace.
  • Loans on Gondi can be repaid by selling the underlying collateral.
  • Integrations with Vulcan, Tokenproof, and Delegate Cash preserve the utility of loaned NFTs.

The article portrays Gondi's V2 protocol as a significant improvement, highlighting its borrower-friendly features and capital efficiency. The sentiment is positive.

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You May Ask

What are the new features introduced in Gondi's V2 protocol?How much origination has Gondi facilitated with its V1 protocol?Which investors have funded Gondi?What are some of the blue-chip Ethereum NFT collections that Gondi has originated loans on?How many loans originated at Gondi have been refinanced?

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