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About Gondor
Gondor is a DeFi lending layer built for prediction markets, currently focused on Polymarket. Its core business allows users to deposit their Polymarket position tokens (ERC-1155) as collateral and borrow USDC against them, without selling their positions. The upcoming v1 upgrade introduces cross-margin functionality, meaning users can collateralize their entire portfolio rather than individual positions, enabling more flexible and capital-efficient borrowing.
The main problem Gondor solves is capital lock-up in prediction markets. Traditionally, funds are locked until market resolution, limiting traders' liquidity. Gondor unlocks this trapped capital, allowing users to recycle funds into new bets or other uses. Its competitive edge lies in portfolio-level risk assessment rather than isolated positions, which reduces lender risk and enables broader borrowing options.
In the past six months (March to September 2026), Gondor has been in beta, attracting over 150,000 waitlist signups. The beta focused on isolated position lending, which revealed limitations such as high gap risk in binary markets and restricted liquidity. Based on these findings, Gondor announced v1 in July 2026, shifting to cross-margin lending, with a public launch expected in September 2026 and private testing starting shortly after the announcement.
Over the past six months, Gondor has advanced from beta to the upcoming V1 launch. In July 2026, the team announced V1, which introduces cross-margin capabilities, allowing users to borrow against their entire Polymarket portfolio rather than isolated positions. This follows a $2.5M seed round led by Maven11 Capital with participation from Castle Island Ventures and others. The public beta, which began earlier, processed over 150,000 waitlist sign-ups and tested isolated margin lending with up to 50% LTV and 2x leverage looping. Key risk controls include liquidation at 77% LTV via Yes-No pair hedging, restrictions to high-liquidity markets, exposure caps, and dynamic rate limits. Looking ahead, Gondor's roadmap focuses on refining the cross-margin model and price oracles to reduce liquidation risk and improve capital efficiency, aiming to bring institutional-grade leverage to prediction markets.
Arsenii Iatskar is the founder of Gondor, a DeFi protocol for prediction markets. He previously worked as Founder's Assistant at Zerion and Product Manager at Atarino. He studied at Minerva University and Moscow Institute of Physics and Technology. Based in New York.