NFT lending protocol GONDI.xyz introduces flexible, peer-to-peer loans backed by digital assets

GONDI.xyz – GoDaddy customer – (United States)

Forward-thinking developers use .xyz domains to drive innovation in blockchain technology.

DeFi platform Fission.xyz seeks to reshape private equity with tokenized venture investments. DeFi strategy platform CanopyHub.xyz aims to simplify DeFi yield strategies. Unified search engine OnDora.xyz strives to simplify multichain interaction with blockchain solutions. In this week’s #BlockchainThursday, we’ll introduce you to a platform designed to support peer-to-peer lending with NFTs and ERC-20 tokens through a decentralized, non-custodial protocol: GONDI.xyz.

Explore GONDI.xyz, a protocol for borrowing and lending with digital assets

GONDI.xyz is the online home of GONDI, 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. ¹In April 2024, GONDI announced the public launch of its platform and introduced a refinancing feature aimed at improving liquidity and efficiency. ²On 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 sell across top NFT collections, and added support for ERC-20 fixed-term loans using culturally relevant tokens such as $PEPE, $MOG, and $REKT.³

How GONDI facilitates peer-to-peer NFT lending through custom loan terms

According to the platform, GONDI supports NFT-collateralized loans using terms negotiated between lenders and borrowers. Borrowers list NFTs to receive lending offers, either from individual lenders or from pools. Lenders define the terms of each offer, including principal amount (in WETH or USDC), gross APR, due date, and optional origination fees. The borrower selects a preferred offer, and the GONDI smart contract programmatically originates the loan using the most favorable available terms.

Flexible repayment and refinancing designed to improve liquidity

GONDI is designed to calculate interest on a pro-rata basis. Interest only accrues while the loan is active, and borrowers may repay early to reduce total cost. All repayments, defaults, and collateral transfers are executed on-chain. The April 2024 press release also announced a refinancing mechanism, which allows borrowers to replace active loans with new ones before maturity. This feature is designed to increase liquidity and reduce costs in volatile market conditions.

FloridaStreet.xyz: Core builder behind GONDI.xyz

According to their June 2025 press release, Florida Street Inc. is the core builder and contributor of the GONDI protocol and platform. The company operates online at FloridaStreet.xyz, a landing page that highlights GONDI.xyz. While individual team members have not been publicly disclosed, Florida Street Inc. is responsible for the ongoing development of GONDI’s features, including refinancing tools, ERC-20 loan support, and full-stack marketplace functionality.⁴

GONDI.xyz: A forward-looking domain name for a decentralized lending platform

GONDI secured GONDI.xyz for its official online presence. The choice of .xyz allows for a short, memorable address that aligns with the project’s forward-looking approach to NFT lending. .XYZ is used across a range of industries and communities, including blockchain, gaming, and AI, making it a flexible and widely adopted option for decentralized platforms like GONDI that are developing new applications of digital infrastructure. You can learn more by following the platform on X/Twitter @gondixyz, joining the Discord, and visiting GONDI.xyz.