Svmuu News: Gondor, a Polymarket-based DeFi startup, has announced the launch of Gondor v1, describing it as Polymarket’s first margin account product. This version is expected to go live in September.
Gondor v1 will allow users to manage cross-margin across their entire Polymarket portfolio, using the entire portfolio as collateral to borrow funds and using the resulting credit line to purchase additional shares in prediction markets, thereby achieving greater capital efficiency and leverage.
This represents a significant expansion over the beta version of Gondor launched seven months ago. Previously, the product primarily allowed users to borrow against individual Polymarket positions, whereas v1 extends the collateral scope to the entire portfolio.
Prediction markets such as Polymarket and Kalshi typically operate on a fully-collateralized model, requiring users to deposit the full at-risk amount in advance and lock up their funds until the event is settled. Gondor aims to unlock this locked-up capital through its portfolio margin and lending mechanisms, allowing users to gain additional liquidity and continue placing bets without having to immediately sell their positions.