GONDOR: BORROW AGAINST YOUR POLYMARKET POSITIONS

Summary from the TLDR Crypto newsletter

Gondor launched a DeFi protocol, allowing traders to borrow USDC at up to 50% loan-to-value against Polymarket ERC-1155 position tokens with dynamic interest capped at 10-30% based on market risk, liquidating at a 77% threshold by buying opposite outcomes and merging pairs for $1 redemption. The platform offers automated 2x leverage through recursive borrowing loops and applies early closure mechanisms for time-sensitive markets that linearly reduce liquidation thresholds to zero starting seven days before resolution. Three actively-managed funds – Conservative, Moderate, and Growth – currently supply lending liquidity during beta with team-selected market support based on liquidity, spreads, and slippage. V1 launching in 2026 will introduce cross-margining, enabling multiple positions as collateral bundles with diversified pricing, addressing remaining prediction market borrowing risks.