Gondor to Launch Polymarket Margin Account, Allowing Users to Borrow Against Their Entire Prediction Market Portfolio

Odaily Odaily Planet Daily News Gondor, a DeFi project built on Polymarket, announced the launch of Gondor v1, which is scheduled for a public release in September. The product will allow users to use their entire Polymarket portfolio as collateral for borrowing, and utilize the borrowed funds to purchase more prediction market shares. According to the introduction, Gondor v1 adopts a cross-margin model. Compared to the previous Beta version, which allowed borrowing against individual positions, users can now obtain a credit limit based on their overall account assets. The product is currently in the testing phase, and the team stated that the Beta version has attracted over 150,000 users to its waitlist. (The Block)