DeFi Daily News
Thursday, July 31, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi NFT

rewrite this title and make it good for SEO NFT Lending App Gondi Hits Record $34M in TVL Following V3 Rollout – NFTgators

Anatol Antonovici by Anatol Antonovici
December 27, 2024
in NFT
0 0
0
rewrite this title and make it good for SEO NFT Lending App Gondi Hits Record M in TVL Following V3 Rollout – NFTgators
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1200 words and keep HTML tags

Gondi, a decentralized lending app for non-fungible tokens (NFTs), saw its total value locked (TVL) soar nearly 200% to a record $34 million, according to data from DefiLlama.

The TVL surge reflects DefiLlama’s listing of Gondi’s latest v3 update, which has been around for over two months but not tracked by the platform until December 27.

The v3 version currently has $22 million in TVL, accounting for nearly 65% of the total value of deposits.

Gondi is a non-custodial application that enables users to lend and borrow against Ethereum-based NFTs. The platform has been around for more than a year.

Borrowers can deposit their NFTs as collateral to get Wrapped Ether (WETH) or USDC, with interest accruing on a pro-rata basis, i.e., it’s calculated and earned proportionally to the time or the amount involved.

On the other side, lenders can deposit WETH or USDC to earn interest. They can access yields by initiating loans, refinancing existing loans, and submitting renegotiation offers. Lenders are able to set their own risk parameters for new or existing loans.

Gondi reports that it has over $41 million in outstanding loans, including 6.02 WETH and $21 million in USDC.

DefiLlama data shows that the most popular NFTs are Wrapped Cryptopunks, accounting for 70% of the v3’s TVL. Other popular collections include Wrapped Ether Rock (WER), Chromie Squiggle, FIDENZA, Doodle, and PPG.

On November 27, Gondi reported a record-breaking NFT loan. The unique 7-trait Punk #8348 was used as collateral for a $2.75 million USDC loan on the platform. The terms of the loan specify a period of 180 days and an annual percentage rate (APR) of 17%. The loan has an origination fee of $41,250.  

Gondi described it as the largest on-chain loan against any NFT in history.

In 2024, Gondi has processed over 3,300 NFT loans, with more than 1,000 NFTs being currently locked in escrow.

Stay on top of things:

Subscribe to our newsletter using this link – we won’t spam!

Follow us on X and Telegram.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: 34mappGondiGoodHitsLendingNFTNFTgatorsRecordrewriteRolloutSEOtitleTVL
ShareTweetShare
Previous Post

Why Nuclear Energy is Suddenly Making a Comeback

Next Post

rewrite this title New Trailer for ‘Octopus with Broken Arms’ Chinese Crime Thriller Film | FirstShowing.net

Next Post
rewrite this title New Trailer for ‘Octopus with Broken Arms’ Chinese Crime Thriller Film | FirstShowing.net

rewrite this title New Trailer for 'Octopus with Broken Arms' Chinese Crime Thriller Film | FirstShowing.net

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

November 15, 2024
The Future of Blockchain: An Inside Look at Cardano

The Future of Blockchain: An Inside Look at Cardano

July 18, 2024
rewrite this title and make it good for SEO’You are insanely lucky if you get…’: Netizens react after Bengaluru man exposes ‘biggest scam’ in rental security deposit

rewrite this title and make it good for SEO’You are insanely lucky if you get…’: Netizens react after Bengaluru man exposes ‘biggest scam’ in rental security deposit

November 16, 2024
How to Check if Your Gmail Account is Accessed from Another Location: Secure Your Email Now

How to Check if Your Gmail Account is Accessed from Another Location: Secure Your Email Now

July 27, 2024
rewrite this title Alaska Airlines Unveils a Few Details About New Premium Card – NerdWallet

rewrite this title Alaska Airlines Unveils a Few Details About New Premium Card – NerdWallet

December 10, 2024
Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

August 13, 2024
rewrite this title New Hall of Famer Antonio Gates was a beloved teammate, remains a San Diego legend

rewrite this title New Hall of Famer Antonio Gates was a beloved teammate, remains a San Diego legend

July 31, 2025
ATTN BTC & CRYPTO HOLDERS….

ATTN BTC & CRYPTO HOLDERS….

July 31, 2025
rewrite this title Tether Reports Q2 Profit of .9 Billion, CEO Teases U.S. Venture – Decrypt

rewrite this title Tether Reports Q2 Profit of $4.9 Billion, CEO Teases U.S. Venture – Decrypt

July 31, 2025
Joe Rogan Experience #2358 – Chadd Wright

Joe Rogan Experience #2358 – Chadd Wright

July 31, 2025
rewrite this title XRP Price Prediction: Double Bottom Forms with Bearish Threat as XRP Holds Above  Support

rewrite this title XRP Price Prediction: Double Bottom Forms with Bearish Threat as XRP Holds Above $3 Support

July 31, 2025
rewrite this title Malicious extensions can use ChatGPT to steal your personal data – here's how

rewrite this title Malicious extensions can use ChatGPT to steal your personal data – here's how

July 31, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.