GONDI is a decentralized, non-custodial NFT lending protocol that supports peer-to-peer loans backed by digital assets. According to its documentation, GONDI is designed to offer a flexible and capital-efficient framework for NFT lending, allowing users to borrow or lend using supported ERC-721 and ERC-1155 tokens. The protocol operates without intermediaries, helping borrowers and lenders interact directly through smart contracts. In July 2023, the project raised $5.35M in a seed funding round led by Hack VC, with participation from firms including Dragonfly Capital and Coinbase Ventures. In April 2024, GONDI announced the public launch of its platform and introduced a refinancing feature aimed at improving liquidity and efficiency. On June 30, 2025, GONDI reported surpassing $100M in total value locked (TVL), with more than $45M in outstanding debt and an annualized loan volume exceeding $400M. The update introduced full-stack functionality that helps users borrow, lend, buy, and sel...