GONDI

Introducing: Sell & Repay GONDI users can now list and sell NFTs that are collateral in active loans. 💰 This dramatically improves efficiency for the NFT space as users can sell their NFTs without the need to repay their loans first. Private sales are also supported making it easy for borrowers to close their loan positions and sell their assets OTC all within 1 transaction. Sales are processed via Norwalk Seaport and listed on GONDI's dApp. Users can now list and sell NFTs that are currently under an active loan directly on GONDI. No need to repay the loan first to sell elsewhere—simplifying the entire process. Here’s how it works: 1) Borrower lists NFT for sale [price ≥ loan debt at listing expiration] 2) Buyer then buys NFT for full price 3) The lender on the loan gets paid in full, including accrued interest, and borrower gets to keep any difference between debt and sale price. 🔑 Important details to note: ▫️ Sell & Repay is compatible with GONDI V3 and V2 escrow contracts. ▫️ GONDI fees for sale is set to 0.00%. Sell & Repay contracts audited by Code4rena

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