Gondor, a DeFi startup built around Polymarket, has launched its v1 product, according to The Block. The new version will let users borrow against their entire Polymarket portfolio through a cross-margin model, giving them a credit line that can be used to buy additional prediction market shares. The company expects the feature to go live publicly in September, with a private testing phase set to begin next week. Gondor said v1 is a major upgrade from its beta released seven months ago. That earlier version only supported borrowing against a single position. Under the new setup, lending decisions are based on the health of a user’s overall account rather than one isolated trade, an approach the report compared to how prime brokers in traditional finance extend credit against diversified portfolios.
Gondor, a DeFi startup based on Polymarket, has launched v1, according to The Block. The product will allow users to borrow against their full Polymarket portfolio through cross-margin lending and use that credit to buy more prediction market shares.
Portfolio-wide borrowing model
The feature is expected to roll out publicly in September. A private testing phase is scheduled to start next week.
Instead of lending against a single position, Gondor v1 evaluates a user’s broader Polymarket account when determining available credit.
Upgrade from the earlier beta
Gondor said v1 is a major upgrade from the beta version it released seven months ago. That earlier product only supported loans backed by one position at a time.
Under the cross-margin structure, the system assesses overall account health. The report compared that setup to the way prime brokers in traditional finance extend credit based on a client’s diversified portfolio.
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