gondi00

what's gondi?

Gondi is a decentralized, non-custodial NFT lending protocol designed to create an efficient NFT credit market. It allows users to borrow against their NFTs using WETH or USDC as collateral without oracles or forced liquidations, featuring pro-rata interest distribution and instant refinancing options. The platform supports continuous underwriting, enabling full and partial refinancing of loans to enhance liquidity and dynamism in the NFT space. Gondi also offers features like Purchase Bundler for buying NFTs with bundled loans and listings from various marketplaces. It integrates with collections such as CryptoPunks, Fidenza, and others, facilitating large-scale loans and sales in the NFT ecosystem.

Snapshot

Gondi released a new homepage for user feedback and testing.

1W ago
VISIBILITY EVENT

Released a new homepage for user feedback and testing.

3W ago
TECH EVENT

Introduced new trade combinations across token types.

1M ago

A full-time growth position holder transitions to strategic advisor role, with the decision partially related to market timing and turmoil affecting role expectations.

Several advisors have verifiable on-chain employment terms, including @0xburga, @EAT/@0xend, @phantom_scribbs, and @ACthecollector.

The platform's "purchase bundler" feature makes CryptoPunks more accessible to new collectors.

Fidenza #282 by Tyler Hobbs sells for 18.5 ETH ($59,049) on the platform, demonstrating continued high-value NFT marketplace activity.

The platform adds OpenSea offer acceptance to Sell & Repay listings.

A Peng NFT sells for 26k on the platform, demonstrating the Sell & Repay feature in active use.

150 CryptoPunks loans are below liquidation value, with insufficient market liquidity to sell that volume according to market observers.

A Naka NFT sells for $100k on the platform.

A liquidity bottleneck exists as soon-to-default borrowers are restricted to listing on Gondi's marketplace, a venue with less than 10% market awareness.

All active loans from V1, V2, and V3.0 migrate to V3.1 via an audited Migration Manager contract.

USDC lending on the platform currently earns 15% interest.

2M ago

A Pseudo Quine (1 of only 7 in existence) sells for 35 ETH ($112k) on the platform.

A Hoodie 3D Punk sells for $628,800 on the platform, 5x the current Punk floor price.

Defaults pile up across the platform as borrowers fail to meet renegotiated loan terms, forcing lenders to hold unwanted NFT collateral they will need to liquidate at market value.

Fidenza #964 by Tyler Hobbs sells for 33 ETH ($126,950) on the platform with 0% fees.

10 sales complete using the Purchase Bundler feature this week.

A borrower lists their Mask (Seer) NFT for 7 ETH after accepting they cannot repay their loan on the platform.

CryptoPunk #8348 secures a $2.75M loan on the platform, claimed to be the largest on-chain loan in history.

The project hosts a Liquidity Lounge event with GVC team scheduled for Thursday at 11am ET.

Multiple CryptoPunks-backed loans at 37 ETH mature next week on the platform.

The Purchase Bundler feature enables buyers to acquire NFTs by combining upfront payment with a loan, demonstrated by CryptoPunk #9763 purchased for 40Ξ (7Ξ upfront + 33Ξ loan at 13% APR for 1 month).

A new Product Manager joins the team with product expertise and experience as an NFT collector.

The platform launches a "sell to repay" feature that allows borrowers to sell collateral assets to pay off loans, with lenders receiving full repayment and borrowers keeping any profit from the sale.

The platform partners with BAYC/$APE ecosystem as preferred lending protocol and establishes a dedicated lending desk in BAYC discord.

3% of all CryptoPunks are currently on the platform.

CryptoPunk 8187 refinances automatically from 16% to 14.39% interest rate through the platform's instant refinancing feature without borrower action.

Outstanding debt on the platform decreases from 72.31M to 70.40M over the past week, a 3% decline in line with the broader NFT lending market downturn of 2%.

A pseudo quine NFT lists on the platform for 68.78 ETH, priced 0.6 ETH ($2370) lower than other marketplaces.

CryptoPunk #3300 lists for sale at 40 ETH on the platform, and loan offers for Punks reach 35 ETH at 17% eAPR for 30-day terms.

The platform sponsors The DAM Show as a powering partner alongside SuperRare as presenting partner, supporting the art-focused content series that has produced 45 episodes with 125 guests and 150,000 views over 10 months.

The platform opens an official lending desk for the Apes club community.

A user purchases a Hypurr NFT for 395 HYPE bundled with a 825 HYPE 30-day loan in one transaction using the purchase Bundler feature on Hyperliquid.

The platform offers 750-850 HYPE and 15,000 USDC in liquidity for Hypurrs NFTs on 30-day terms with 0% sales fees.

Fidenza #42 sells for 27 ETH on the platform.

A 1/1 artwork "Believe in Something" receives a 16,000 USDC loan at 16% APR due January 19, 2026, with a 225 USDC origination fee. 1/1 artworks find increasing lending liquidity on the platform.

The Quine NFT collection has 5 ETH principal loan offers available for up to 1 year duration on the platform, despite the secondary market floor trading below the settled auction price.

Launch on Hyperliquid platform is now live.

CryptoPunk #4180 is purchased using the Purchase Bundler feature for 54 ETH with 17 ETH upfront and 37 ETH financed at 13% APR for 1 month with a 0.03 ETH origination fee.

Hypurr #336 originates a 1,400 HYPE (~$52,000) loan for 30 days at 15% APR with a 12.4 HYPE origination fee, demonstrating substantial usage of the recently launched Hypurr NFT lending feature on HyperEVM.

GONDI Protocol launches on HyperEVM.

Multiple loan offers on Hypurrs go live with USDC and HYPE backing, demonstrating early adoption of the HyperEVM integration.

Full HyperEVM integration goes live with support for Hypurr NFT lending, 0% fees on buys and sells, and loans denominated in HYPE and USDC.

3M ago

The platform achieves all-time highs across multiple metrics: 69% market share, 881 ETH in weekly originations, 290 CryptoPunks in active loans, and $75,000,000 in outstanding debt, with market dominance 3.75x larger than the nearest competitor.

A 200K USDC loan at 18% APR for 90 days is secured against a 2019 XCOPY 1/1 "House of FOMO", which is now listed at 899,999 USDC using sell to repay functionality, representing the lowest public listing price for an XCOPY 1/1.

The platform reports zero liquidations in the past 24 hours, with its time-based liquidation mechanism spreading maturities across weeks or months to allow borrowers time to adjust positions without forced asset sales.

The platform sponsors an art installation exhibition in Marfa alongside AOTM Gallery and Token Works, expanding brand presence in physical art spaces.

The platform offers CryptoPunks loans at 35 ETH for 180 days at 18% effective APR, achieving nearly 75% loan-to-value ratio against a 46.46 ETH floor price, demonstrating significant liquidity depth for the collection.

The platform processes NFT sales with automatic royalty payments (10% to creators) and broker fees (1%), indicating operational fee distribution infrastructure.

Six Max Pain NFTs are purchased using the purchase bundler feature within the last day, demonstrating active adoption of the platform's leveraged NFT buying tool.

22 Nakamigos NFTs default on their loans, representing the first reported mass default event on the platform and indicating potential liquidity or collection value issues.

An EtherRock NFT sells for $380,000 (84 ETH) on the platform, demonstrating high-value transaction capability and liquidity for premium NFT assets.

Integration with Strategies allows their owned NFTs to be purchased on the platform with zero platform fees and loan financing options.

The platform aggregates NFT listings from both token_works and OpenSea marketplaces, indicating expansion into multi-platform listing aggregation functionality beyond its core lending products.

Platform features a "Purchase Bundler" tool that enables instant leveraged NFT purchases by combining loans and upfront payments in single transactions, demonstrated with REMNANT #100 requiring 3.01 ETH upfront plus 3.49 ETH loan for 6.50 ETH total purchase.

Platform offers collection-level loans for CryptoPunks at approximately 75% loan-to-value ratio (35 ETH against 46.46 ETH floor price) with 180-day terms at 18% effective APR, demonstrating significant lending liquidity depth for major NFT collections.

A new Shape medal reward system is potentially being developed for users who buy or sell NFTs on the platform, indicating a partnership with Shape L2.

Total lending volume on the platform exceeds half a billion dollars.

Platform reports 1,700 outstanding loans, indicating current lending activity scale.

A rare Chromie Squiggle NFT (#3216) with 128/10,000 trait rarity is listed on the platform for 200,000 USDC.

Platform facilitates 20.0 ETH sale of rare Ringers #273 NFT, showing marketplace activity alongside existing lending operations.

A protocol update introducing 'Purchase Bundler' feature is announced with team discussion scheduled for 11AM EST.

High-profile user Seedphrase secures $2.75M loan against CryptoPunk at 17% APR, representing significant scaling from previous loan sizes and claimed as the biggest NFT loan in existence.

4M ago

A 1-year collection-level loan offer goes live for XCOPY's Grifters collection with 8 ETH principal and 16% APR.

Platform introduces personal feed curation feature as part of expansion into full NFT marketplace functionality.

Platform facilitates $750k loan on high-value NFTs with 16% APR and 1-year duration, representing significant scaling in loan size from previous transactions.

Updated performance data shows 3 defaults across 267 total loans and maintains 0% default rate on USDC-denominated loans.

XCOPY's Siphon #4/20 NFT secures new 35,000 USDC loan at 20% APR for 3-month duration.

Traditional auction house Christie's exits NFT space, highlighting competitive advantage of zero commission model against traditional 25-30% auction fees.

Four XCOPY "Grifters" NFTs are listed on the platform with prices ranging from 21.75 ETH to 39.95 ETH.

Platform facilitates notable 70 ETH ($308,000) sale of XCOPY artwork 'hello admin dm me'.

Major lending platforms actively accumulating MoonCat NFTs.

Non-callable loan mechanism achieves 4.7% platform-wide default rate, with CryptoPunks showing 2.5% defaults across 300 active loans.

Single Check NFT secures 50K USDC loan at 22% APR, marking 6th active loan for the collection.

High-value Grifter #453 by XCOPY listed for 25.7 ETH amid increased collection trading activity.

NFT-backed loan value increases 40% to 175,000 USDC for Ether Rock #91, demonstrating growing confidence in NFT collateral.

New marketplace Raster emerges as direct competitor in art NFT segment, while OpenSea strengthens art focus through editorials and primary drops.

Former SuperRare executive joins team as new hire, bringing NFT platform scaling expertise.

5M ago

Platform facilitates $200k+ CryptoPunk sale, demonstrating high-value NFT trading capabilities.

New NFT lending terms revealed: 15-20% APR for blue-chip NFTs with $450k loan capacity

The Wild Within NFT sells for 14.989 ETH ($59,500) on platform, demonstrating continued high-value trading activity.

New $1M loan originated for XCOPY 1/1 NFT, marking platform's largest NFT-backed loan to date.

Skull of Luci NFT collection sells for $410,000, marking another significant high-value transaction on the platform.

Platform processes 300 monthly loan refinancings through automated APR reduction mechanism.

Recent large-scale sales activity flagged for potential wash trading manipulation.

Fidenza NFT sells for 60 WETH plus additional NFT, resolving 29 WETH loan position through platform's Sell & Repay function.

CryptoPunk #5558 lists for 298,000 USDC on platform.

High-value Hoodie Punk NFT sells for 550,000 USDC on platform.

New high-value Fidenza listing emerges at 88.88 ETH, doubling recent benchmark prices.

Private loan arrangement reveals insider trading activity and misuse of staked tokens for market manipulation.

Cross-platform price disparity leads to 9 ETH ($34,000) premium paid for Fidenza NFT on OpenSea compared to alternative listing.

Rare SuperBlocks Fidenza #118 lists at 42.89 ETH, establishing floor price for coveted trait category.

Trading bot functionality launches with official integration for The Flowers project, partnering with notable crypto artists and collectors.

Ringers NFT collection shows 80% price increase with current floor at 18 ETH

Discord server potentially compromised. Users advised to avoid clicking any links.

Active scam NFT mint reported in Discord server. Users warned to avoid participation.

XCOPY's 'Disintegration' lists at 29.50 ETH, marking lowest price point for KnownOrigin XCOPY pieces.

CryptoPunk #8515 secures 80 WETH loan with 13% APR and 30-day term.

New Fidenza #247 by Tyler Hobbs listed on platform alongside trending Autoglyphs collection.