Gondor, a DeFi startup based on Polymarket, has announced the upcoming launch of its v1 version, which will allow users to borrow against their entire Polymarket portfolio. This new feature enables cross-margining, allowing users to use their entire portfolio as collateral and access credit to purchase additional positions. The public launch is slated for September, with a private test phase starting next week.
Previously, Gondor's beta version only supported borrowing against individual positions, which involved high gap risk and expensive borrowing costs. The new cross-margining feature will assess the "health" of a user's entire account, similar to credit extensions by prime brokers against diversified portfolios.
Gondor v1 to Enable Cross-Margin Borrowing on Polymarket Portfolios
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