TechFlow reports, July 14: According to The Block, Gondor, a Polymarket-based DeFi startup, announced the launch of v1, which will support users to engage in cross-margin lending against their entire Polymarket portfolio to obtain credit lines for purchasing more prediction market shares. The feature is expected to launch publicly in September, with the private testing phase starting next week.
Gondor v1 is a major upgrade to its beta version from 7 months ago. The previous beta version only supported lending against single positions, while the cross-margin model is evaluated based on the user's overall account health, similar to the way prime brokers in traditional finance extend credit based on clients' diversified portfolios.
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