Roses@0xRoses0x
Gondi is bringing digital art to its next phase of maturity. If we ever want digital artworks to reach the values of historic paintings there needs to be a lending market that supports it. Nobody is buying 150M paintings to look at them, they are buying them to put in a vault in Switzerland to use as collateral on a 75M tax free loan to invest. The same is now happening with digital art on a smaller but fast growing scale. Gondi is built differently than any prior lending project, which is why they’ve achieved what a dozen others tried and failed to do.
Some Highlights:
- Loans are non callable. Unlike on other lending platforms where you can be liquidated and lose the asset if floor price drops, the only way a borrower loses their asset on Gondi is if they cannot pay off the loan by the deadline (which can often be extended like this example). Terms are set and can only be changed if 2 parties agree. On others like Blur a lender can raise APY to Valhalla if the value of NFT drops. APY on other platforms is fake. On Gondi it’s set in stone unless agreed on by both parties.
- All time default rate at 4% including the 23-24 bear markets (closer to 1% on punks). Compare this to any other lending protocol and you’ll see a huge difference.
- Instant refinance tool keeps lenders competitive and keeps borrowers getting the best possible terms.
- Borrowers can use “Sell to Repay” to list/sell an asset they have a loan on. If sold, the lender is paid first and the borrower gets the difference.
- Highly dedicated team that supports both lenders and borrowers with white glove support, reviewing all loans coming due every morning and making sure borrowers have the best options available.
- Founders and team with the best intentions and a very long term view / strategy. We’re doing things the harder way, but the right way (no marketing BS farming programs that lead to inorganic volume and short term users).
- while it’s still leverage, Lending on Gondi is without a doubt less risky than lending on any other current offering because of the product features, tons of optionality and a team dedicated to making sure users always have and know their best options.
- Advisors include some of the smartest minds in the space.
- an INSANE roadmap of new features coming soon.
- while still small (8 FT employees), this team ships new features and improvements every single week. They listen to their users and build the tools they need.
- audited by the best of the best and trusted by many of the biggest players in the industry.
Gondi is truly built different and I believe it will play an important role in taking digital art to the future we all want to see ❤️
