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Gondor
40 posts
Gondor
@gondorfi
Building the DeFi layer for prediction markets
- What a year it’s been! In just 8 months, we launched beta, raised $2.5M and let first traders borrow against their Polymarket positions For you, here's Gondor Wrapped 🧵
- Replying to @gondorfi
- Breaking down how we make borrowing against Polymarket positions possible Read about our approach to liquidations and core mechanics Docs in 🧵Read our full documentation
- We raised $2.5M to build the DeFi layer for prediction markets Next week, we are launching a protocol to borrow against Polymarket positions and trade with 2x leverage 🧵
Replying to @gondorfiWe also offer up to 2x leverage by looping Polymarket collateral. Soon, we will expand to 4-5x through cross-margining - Replying to @gondorfiAs the first DeFi protocol on Polymarket, we had to solve many challenges, from networks of proxy wallets to gas subsidies Thank you @mustafap0ly, @thib0ault, @notyrjo and @jon_amen for helping us navigate this new paradigmPrediction markets are the new financial primitive and we are excited to lead the next chapter Beta coming soon
- We received a grant from @Polymarket to build a protocol for borrowing against Polymarket positions For the past 8 months, their engineering team has been supporting us on a journey to bring Gondor to life 🧵
Gondor was inspired by PolyLend, an experimental P2P lending contract built by @_loset at Polymarket back in 2024 Mike was one of the first people with whom we discussed our plans
