Gondor v1 will allow users to use their entire Polymarket portfolio as collateral for borrowing and leveraging

Odaily, Polymarket-based DeFi startup Gondor has announced the launch of Gondor v1, claiming it will be the first margin account product for Polymarket. The version is expected to go live publicly in September.

Gondor v1 will allow users to manage cross-margining across their entire Polymarket portfolio, using the full portfolio as collateral for loans. Users can then use the credit line to purchase more prediction market shares, achieving higher capital efficiency and leverage operations.

This marks an expansion from the beta version Gondor launched seven months ago. The previous product primarily allowed users to take out loans against individual Polymarket positions, while v1 expands the collateral scope to the entire portfolio.

Prediction markets like Polymarket and Kalshi typically operate on a full collateral model, requiring users to deposit the entire risk amount upfront and lock up funds until the event is settled. Gondor aims to unlock this locked capital through portfolio margining and lending mechanisms, allowing users to gain additional liquidity and continue placing bets without immediately selling their positions.